LUXURY SALES EXPECTED TO CLIMB IN SECOND QUARTER AS PENT-UP DEMAND BUOYS REAL ESTATE ACTIVITY
Inventory takes the spotlight once again, as available homes listed for sale fall below tight pandemic levels in key markets.
Growing demand...
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...
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 g...
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...
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...
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 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 ...
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...
Purchasing a home can be confusing with all the different terms and requirements. Two steps involved in the mortgage process are pre-qualification and pre-approval. But what’s the difference between being pre-qualified and pre-approved?
Pr...
Most Toronto luxury home sellers have two main objectives: to sell quickly and for the highest price. The beauty of owning Toronto luxury real estate (whether it’s a principal residence or an investment property) is that historically, it has ...