Toronto Real Estate Market News
May 2023 Toronto Luxury Resale Market Statistics Released
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 dramaticall...
April 2023 Toronto Resale Market Statistics Released
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 m...
Toronto Luxury Real Estate Report (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-bu...
March 2023 Toronto Resale Market Statistics Released
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 th...
February 2023 Toronto Resale Market Statistics Released
February sales in Toronto were down substantially from the pre-rate hike levels of early 2022. However, the number of new listings also dropped substantially year-over-year. The result was that the average selling price and MLS® HPI continued ...
Resale Market Statistics Released for January 2023
As we moved from 2022 into 2023, the Toronto luxury housing market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. On a year-over-year basis, both sales and prices were down...
December and the Year of 2022 Resale Market Statistics Released
The Toronto luxury real estate market experienced a marked adjustment in 2022 compared to record levels in 2021. Existing affordability issues brought about by a lack of housing supply were exacerbated by sustained interest rate hikes by the Ba...
November 2022 Resale Market Statistics Released
Homeownership market activity in November continued to be influenced by the impact of higher borrowing costs on affordability. Sales were down markedly compared to the same period last year, following the trend that unfolded since the commencem...