Posts Tagged ‘toronto real estate market’
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...
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...
Toronto March 2022 Resale Market Statistics Released
There were almost 11,000 home sales reported in March 2022, capping off the third-best March and second-best first quarter on record. Tight market conditions continued to support a double-digit annual pace of price growth, with an average selli...
February 2022 Resale Market Statistics Released
February home sales were down compared to the all-time record in 2021, but represented the second-best result for the month of February in history. New listings dropped, but by a marginally lesser annual rate than sales, pointing to a modest mo...
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...
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 ...