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May 2023 Toronto Luxury Resale Market Statistics Released
June 4, 2023
The Toronto luxury housing market continued to improve from a sales perspective in May 2023. Unfortunately, the supply of homes for sale did not keep up with the demand for ownership housing. Sales as a share of new listings were up dramatically compared to a year ago. This is a clear signal that competition between […]
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Family-Friendly Luxury Neighbourhoods in Toronto
May 13, 2023
Toronto is Canada’s most desirable place to live. North America’s fourth-largest city always has plenty of immigrants coming to Canada every year, to plant new roots in the provincial capital. But while Toronto is perhaps one of the greatest cities in the world, what parts of the major urban centre are attractive luxury neighbourhoods to […]
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April 2023 Toronto Resale Market Statistics Released
May 9, 2023
The Toronto luxury real estate market continued to tighten in April 2023. On a year-over-year basis, sales edged lower compared to April 2022, but new listings were down by more than one-third. Fewer listings relative to sales meant there was more competition between buyers, supporting an improvement in selling prices since the beginning of this […]
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Toronto Luxury Real Estate Report (2023)
April 13, 2023
LUXURY REAL ESTATE SALES CLIMB AS PENT-UP DEMAND BUOYS ACTIVITY Limited inventory has placed upward pressure on values and prompted a new round of competitive offers on well-priced homes in desirable areas Heated home-buying activity is spilling into luxury segments in major Canadian housing markets as supply constraints spark new rounds of competition. Much […]
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March 2023 Toronto Resale Market Statistics Released
April 5, 2023
Toronto luxury real estate market conditions tightened in March 2023. Sales accounted for an increased share of listings in comparison to March 2022, suggesting that competition between buyers is on the rise. The average sale price was above the average list price for the first time since May 2022. As we moved through the first […]
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