Toronto Real Estate Market News
Toronto Housing Market NOT in a Bubble, Says Bank of Canada
The Toronto housing market has been sizzling during the pandemic housing boom. Despite a tepid slowdown in the first couple of months of the COVID-19 public health crisis, Toronto has been soaring ever since. The word “bubble” has been wide...
January Resale Market Stats Released
Demand for ownership housing remained very strong from a historic perspective in January 2022. At the same time, listings remained in short supply, resulting in tight market conditions and very strong year-over-year price growth. There w...
Canadian Luxury Real Estate Sales Double, Triple in Some Markets
Pandemic accelerated value of home ownership at luxury price points to new heights in major Canadian centres in 2021 Demand for Canadian luxury real estate shifted into high-gear from coast to coast in 2021 as both domestic and non-resident co...
Have Home Goals? 5 New Year’s Resolutions for Toronto Luxury Homebuyers
If Toronto luxury home buying is on your to-do list in the future, there are some tasks to tackle before you start shopping. Admittedly, many of these New Year’s Resolutions relate to finances (as they often do) and rightly so. A ...
December 2021 Resale Market Stats Released
A record 121,712 sales were reported by the Toronto Real Estate Board – up 7.7% from the previous 2016 high of 113,040 and up 28% compared to 2020. Record demand last year was up against a constrained supply of listings, with new listings up ...
November 2021 Toronto Resale Stats Released
Home sales reached a new record for the month of November and the average selling price also reached a new all-time high. New listings were down substantially compared to last year for all market segments – further highlighting the inherent s...
Toronto Real Estate Market Expected to Remain Extremely Tight
What a wild ride the Toronto real estate market has endured over the last 20 months! At the onset of the coronavirus pandemic, there was a widespread belief that one of the world’s hottest housing markets was going to witness a steep de...
Toronto Housing Market: Fall 2021 Outlook
The housing supply shortage is the prevailing theme in the Toronto housing market, much like the rest of Canada, where seller’s market conditions are present in 26 of 29 regions analyzed. These conditions are expected to continue in the fa...