Posts Tagged ‘toronto real estate market’
February 2023 Toronto Resale Market Statistics Released
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 ...
Resale Market Statistics Released for January 2023
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...
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...
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...