Recent Posts
Advantages of Living in the Suburbs That Nobody Talks About
September 1, 2022
Every city has a suburb, and these areas have become hotspots during the course of the pandemic – and with good reason. They provide a great balance between the excitement of city living and the peace and quiet to be had out in the outskirts. There are many advantages to living in the suburbs that people know […]
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July 2022 Resale Market Statistics Released
August 7, 2022
There were 4,912 home sales reported in July 2022 – down by 47% compared to July 2021. Following the regular seasonal trend, sales were also down compared to June. New listings also declined on a year-over-year basis in July, albeit down by a more moderate 4%. The expectation is that the trend for new listings […]
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Do Staged Luxury Homes Sell Faster?
August 6, 2022
Do staged luxury homes sell faster, and for a higher price? The short answer is yes and yes. Conditions have started to moderate from the frantic seller’s market Toronto has been experiencing since the start of the pandemic, largely due to rising interest rates. With homes taking longer to sell and buyers having more time […]
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June 2022 Resale Market Statistics Released
July 7, 2022
Higher borrowing costs continued to impact home sales in June 2022. Sales totalled 6,474 – down by 41% compared to last year’s strong result. The number of transactions was also down compared to May 2022, but this is often the case due to the seasonal nature of the market. The average selling price, at $1,146,254, […]
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May 2022 Toronto Resale Market Statistics Released
June 8, 2022
Toronto housing market conditions continued to evolve in response to higher borrowing costs. Similar to April results, May 2022 sales were down on a monthly and annual basis. Conversely, active listings at the end of May were up on a month-over-month and year-over-year basis. More balanced market conditions have provided buyers with more negotiating power. […]
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