Recent Posts
April 2022 Resale Market Figures Released
May 10, 2022
The Toronto housing market continued its adjustment to higher borrowing costs, with the number of transactions down on a monthly and annual basis. As has been the case with previous rate tightening cycles, some home buyers have moved to the sidelines to determine how they will reposition themselves in the marketplace given the higher rate […]
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Canada’s Luxury Home Market is Skyrocketing
April 27, 2022
Something interesting happened during the coronavirus pandemic. Many Canadian housing markets are reporting an average sales price of more than $1 million, even if the homes themselves do not look like something you’d typically expect in the luxury home market. Is it time to update the term “luxury real estate”? Perhaps. But the trend also spotlights how […]
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How Much Can a Renovation Add to a Home’s Value?
April 19, 2022
Spring is right around the corner, and you may be thinking about making some home improvements. You love your home, but perhaps you want something a little bigger, or a little nicer. A renovation can get you there. At the same time, remodelling certain areas of your current home may lead to a higher value when you’re […]
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Toronto March 2022 Resale Market Statistics Released
April 6, 2022
There were almost 11,000 home sales reported in March 2022, capping off the third-best March and second-best first quarter on record. Tight market conditions continued to support a double-digit annual pace of price growth, with an average selling price of $1.3 million. The average selling price dipped slightly month-over-month, bucking the regular seasonal trend. Now […]
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February 2022 Resale Market Statistics Released
March 9, 2022
February home sales were down compared to the all-time record in 2021, but represented the second-best result for the month of February in history. New listings dropped, but by a marginally lesser annual rate than sales, pointing to a modest move to a slightly more balanced market. Competition between buyers, however, remained tight enough to […]
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