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

September 2021 - Real Estate Report

By: Jesse Jenish

September 2021 - Real Estate Report

Tags: TORONTO REAL ESTATE

September 2021 IN REVIEW September marked the transition from the slower summer market to the busier fall market in the GTA. We generally see an uptick in sales, average selling price and listings after Labour Day, and September 2021 was no different. Sales increased relative to August and were also at the third-highest mark on record for the month of September. The average selling price was up ...Read More

August 2021 - Real Estate Report

By: Jesse Jenish

August 2021 - Real Estate Report

Tags: TORONTO REAL ESTATE

August 2021 IN REVIEW While the market has taken its regular summer breather, it is clear that the demand for ownership housing remains strong. At the same time, the supply of listings is down. The result has been tighter market conditions and sustained competition between buyers, resulting in double-digit annual increases in selling prices. TRREB released its monthly key housing market stats f...Read More

July 2021 - Real Estate Report

By: Jesse Jenish

July 2021 - Real Estate Report

Tags: TORONTO REAL ESTATE

July 2021 IN REVIEW With almost 9,400 sales reported in July 2021, demand for ownership housing remained well-above average for the time of year despite being below the record July result set a year earlier. Market conditions actually tightened relative to July 2020, with sales accounting for a greater share of new listings compared to last year. The sellers’ market conditions sustain...Read More

June 2021 - Real Estate Report

By: Jesse Jenish

June 2021 - Real Estate Report

Tags: TORONTO REAL ESTATE

  June 2021 IN REVIEW June home sales were up compared to last year, but remained below the March 2021 peak and were lower than the number of transactions reported for May 2021, consistent with the regular seasonal trend. The average selling price in June increased by double digits compared to last year as well, but the annual rate of increase moderated compared to the previous three months...Read More

May 2021 - Real Estate Report

By: Jesse Jenish

May 2021 - Real Estate Report

Tags: TORONTO REAL ESTATE

May 2021 IN REVIEW Residential transactions remained high in May, but fell short of the 2016 record and were below this year’s March peak. Often, May is the strongest sales month in any given year; however, 2021 results bucked this trend, with May sales below the number reported in March. Despite a slight ebb in sales over the last two months, market conditions remained tight enough to push...Read More

April 2021 - Real Estate Report

By: Jesse Jenish

April 2021 - Real Estate Report

Tags: TORONTO REAL ESTATE

  APRIL 2021 IN REVIEW Home sales in the Greater Toronto Area set a new record for April and amounted to more than quadruple that from April 2020 – the first full month of the pandemic. However, the number of sales and new listings actually declined month-over-month. This is unusual as April is considered the middle of the Spring market and the pace of sales and listings normally exce...Read More

March 2021 - Real Estate Report

By: Jesse Jenish

March 2021 - Real Estate Report

Tags: Toronto Real Estate

  MARCH 2021 IN REVIEW Record home sales in the GTA continued in March for the third straight month of 2021. Demand has remained strong as buyers continue to take advantage of favourable borrowing costs. While sales were strong, it is important to remember that for the second half of March we are comparing against the initial impact of COVID-19 in the second half of March 200 when sa...Read More

February 2021 - Real Estate Report

By: Jesse Jenish

February 2021 - Real Estate Report

Tags: Toronto Real Estate

  February 10, 2021 REAL ESTATE REPORT JANUARY 2021 IN REVIEW The Toronto Real Estate market came out of the gate running to start 2021. We saw sales growth across all major segments including condominium apartments, both in the City of Toronto and surrounding GTA regions. New listings were also up on a year-over-year basis in January, but not by the same annual rate as sales. This re...Read More

January 2021 - Real Estate Report

By: Jesse Jenish

January 2021 - Real Estate Report

Tags: TORONTO REAL ESTATE

DECEMBER STATS & 2020 IN REVIEW   I would like to start by wishing everyone a Happy New Year! 2020 was anything but a normal year and the Toronto housing market certainly followed an unfamiliar path. The year started off very strong but the market came to a screeching halt in mid-March due to COVID and the ensuing lockdowns. The Spring market, which is normally the busiest time ...Read More