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Toronto Real Estate Market News

October 2022 Resale Market Statistics Released

Despite the continued housing market transition to a higher borrowing cost environment, the average selling price in Toronto found some support near $1.1 million since the late summer. Toronto luxury home sales continued to adjust to substantia...

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Why Fall Might Be the Best Time to Sell Your Home

About the time pumpkin spice lattes hit the menu at your local café you may want to have your house ready to hit the market. Why? Next to spring, fall is arguably the best time to sell your home. In fact, it may even have some advantages over ...

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August 2022 Resale Market Stats Released

There were 5,627 home sales reported through the Toronto Regional Real Estate Board in August 2022, representing a year-over-year dip of 34.2%, a lesser annual rate of decline compared to the previous four months. The August sales result also r...

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July 2022 Resale Market Statistics Released

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...

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June 2022 Resale Market Statistics Released

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 t...

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May 2022 Toronto Resale Market Statistics Released

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...

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April 2022 Resale Market Figures Released

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 sid...

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Canada’s Luxury Home Market is Skyrocketing

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 th...

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