July 2022 Real Estate Report

By: Jesse Jenish

July 2022 Real Estate Report

Tags: TORONTO REAL ESTATE, MARKET UPDATES

JULY 2022 IN REVIEW There were 4,912 home sales reported through the Toronto Regional Real Estate Board (TRREB) MLS System in July 2022 – down by 47% compared to July 2021. Following the regular seasonal trend, sales were also down compared to June. New listings also declined on a year-over-year basis in July, albeit down by a more moderate four percent. The expectation is tha...Read More

June 2022 Real Etate Report

By: Jesse Jenish

June 2022 Real Etate Report

Tags: TORONTO REAL ESTATE, MARKET UPDATES

  JUNE 2022 IN REVIEW Higher borrowing costs continued to impact home sales in June 2022. Sales totalled 6,474 3 down by 41 percent compared to last year's strong result. The number of transactions was also down compared to May 2022, but this is often the case due to the seasonal nature of the market. Annual price growth was driven more so by less expensive market segments, incl...Read More

May 2022 Real Estate Report

By: Jesse Jenish

May 2022 Real Estate Report

Tags: TORONTO REAL ESTATE, MARKET UPDATES

  MAY 2022 IN REVIEW   GTA housing market conditions continued to evolve in response to higher borrowing costs. Similar to April results, May 2022 sales were down on a monthly and annual basis. Conversely, active listings at the end of May were up on a month-over-month and year-over-year basis. More balanced market conditions have provided buyers with more negotiating powe...Read More

April 2022 Real Estate Report

By: Jesse Jenish

April 2022 Real Estate Report

Tags: TORONTO REAL ESTATE, MARKET UPDATES

              April 2022 IN REVIEW   The Greater Toronto Area (GTA) 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 sidelines to determine how they will reposition themselv...Read More

March 2022 Real Estate Report

By: Jesse Jenish

March 2022 Real Estate Report

Tags: TORONTO REAL ESTATE, MARKET UPDATES

March 2022 IN REVIEW   There were almost 11,000 Greater Toronto Area (GTA) 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 selling price of $1.3 million. The average selling price dipped slightly month-over-m...Read More

February 2022 Real Estate Report

By: Jesse Jenish

February 2022 Real Estate Report

Tags: TORONTO REAL ESTATE, MARKET UPDATES

February 2022 IN REVIEW   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 move to a slightly more balanced market. Competition between buyers, however, remained tight enough to support double-dig...Read More

January 2022 - Real Estate Report

By: Jesse Jenish

January 2022 - Real Estate Report

Tags: TORONTO REAL ESTATE

January 2022 IN REVIEW 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. TRREB released its monthly key housing market stats for January 2022 and reported 5,636 sales, down by 18.2% compared to 6,888 sal...Read More

December 2021 Real Estate Report

By: Jesse Jenish

December 2021 Real Estate Report

Tags: TORONTO REAL ESTATE

December 2021 IN REVIEW Despite continuing waves of COVID-19, demand for ownership housing sustained a record pace in 2021. One sales trend that stood out in 2021 compared to 2020 was the resurgence in demand for homes within the City of Toronto and the recovery in the condominium apartment segment was a key driver of this trend.   TRREB released its monthly key housing ...Read More

November 2021 - Real Estate Report

By: Jesse Jenish

November 2021 - Real Estate Report

Tags: TORONTO REAL ESTATE

November 2021 IN REVIEW 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 supply issue across all home types in the Greater Toronto Area.  TRREB released its monthly key housing market stats for N...Read More

October 2021 - Real Estate Report

By: Jesse Jenish

October 2021 - Real Estate Report

Tags: TORONTO REAL ESTATE

October 2021 IN REVIEW Home sales in the Greater Toronto Area (GTA) reached the second-highest level on record for the month of October. However, the inventory of homes for sale did not keep up with demand. The number of new listings was down by approximately one-third compared to October 2020. Market conditions tightened across all major home types compared to last year, and the annual rat...Read More