Posts Tagged ‘toronto real estate market’
September 2023 Toronto Luxury Home Resale Report
The impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth continued to weigh on Toronto luxury home sales in September. However, despite the market being better-suppli...
Toronto Luxury Home August Resale Statistics Released
Higher borrowing costs, continued uncertainty about the economy and Bank of Canada decision making, and the constrained supply of listings resulted in fewer home sales in August 2023 compared to August 2022. The average selling price remained v...
Interest Rate Hikes Off The Table With Weak Q2 GDP Growth In Canada
Here is some positive news in the mortgage world that will be well received (especially for the variable rate mortgage holders). Rate Hikes Are Definitely Off The Table The Canadian economy weakened surprisingly more in th...
July 2023 Toronto Luxury Resale Market Statistics Released
Toronto luxury home sales, new listings and home prices were up in July 2023 in comparison to July 2022. On a seasonally adjusted basis, the market experienced more balance in July compared to June, with sales trending lower while new listings ...
June 2023 Toronto Luxury Resale Market Statistics Released
Toronto luxury home sales and the average selling price in the Toronto Luxury Real Estate Market in June 2023 remained above last year’s levels. Seasonally adjusted sales dipped on a month-over-month basis. The seasonally adjusted average sel...
Canadian Luxury Real Estate Report (2023)
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...
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...