Toronto Real Estate Market News
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...
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...
September 2022 Toronto Resale Market Statistics Released
The Toronto housing market continued its adjustment to higher borrowing costs in September 2022. Sales for the month reached 5,038, but were down by 44.1% compared to September 2021. New listings were also down on a year-over-year basis by 16.7...
Everything You Need To Know About Toronto Real Estate Right Now
What a difference a year can make in the Toronto real estate market. Market conditions in Canada’s largest urban centre were sizzling, from bidding wars to homes sold way over the asking price, thanks to historically low interest rates, c...
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 ...
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...
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...