Toronto Market Becomes A Bit Less Hot

Prices_May_2017

After three months of constantly accelerating price increases, the Toronto market has finally slowed down a bit. Prices fell in May as compared with April for the first time in many years, though May prices were still 15% higher than the same month last year. The supply of homes for sale has also increased significantly,… Read More

Toronto Area Market Takes A Breather

Prices_April_2017

After more than two years of steadily declining inventory, the total number of active listings in the Toronto area increased significantly last month, bringing the supply of homes for sale up from 0.7 months to 1.1 months, roughly in line with last April. While this is still very deep in sellers’ market territory, the increase… Read More

The Heat Goes On In The Toronto Market

Prices_March_2017

The rapid acceleration in prices in the Toronto area market continued in March, with the average price over $900,000, up 33% over last March. Eye-popping bidding wars were everywhere, with selling prices routinely going $300,000 or more over the asking price. The Toronto condo apartment market, in particular, surged dramatically, with prices up 33% over… Read More

Toronto Market Soars Ever Higher

Prices_Feb_2017

Following an exceptionally strong January, the GTA market has accelerated even further in February, with the average selling price across all GTA areas and all types of real estate almost 28% higher than last February. The last time we had year-over-year price increases like this was in the late 1980′s, when prices rose by an… Read More

50 Years of Real Estate Prices in Toronto

Toronto Prices 1996-2017

Back in 1966, the Vietnam War was raging, the Star Trek and Batman series aired for the first time on TV, and house prices in Toronto averaged just over $21,000. Over the next 50 years, house prices in the Greater Toronto Area (not adjusted for inflation) increased exponentially, by a factor of 40, and could… Read More

Toronto Market Explodes Out of the Gate in 2017

Prices_Jan_2017

The Toronto market is typically very quiet, almost sleepy, in the month of January. Not so this year. 2016 was exceptionally strong, with sales over the full year up 12% over 2015 and prices up more than 17%. This January, however, prices were up by a jaw-dropping 22% over the same month last year, and… Read More

Toronto Real Estate Board Predicts Strong 2017 Market

TREB Logo

On January 31, 2016, the Toronto Real Estate Board published a report reviewing the  2016 Toronto area real estate market and forecasting the outlook for 2017. Highlights of the report include: There were 113,133 residential freehold and condo properties sold in the GTA in 2016. This was an all-time record, and it was 11.8% higher… Read More

Prices and Sales Fall in December — But Are Still Much Higher Than Last Year

prices-dec-2016

Toronto Prices in December were 6% lower than in November, and sales were 38% lower, but the market remained much stronger than last year. Our market follows a predictable seasonal pattern, with prices & sales at their lowest ebb in July/August and again in December/January. So the drop in sales and prices in December was… Read More

Toronto Prices Spike Upward in November

prices_nov_2016

Toronto prices set another all-time high in November, with the average price increasing to $776,684, a whopping 23% above last November. The trend was consistent across all GTA regions and all home types; for example, condo apartment prices were up 15% over last year. It seems only yesterday that there was a glut of condo… Read More

No Sign of Cooling in Toronto Market

prices_october_2016

Toronto area prices and sales once again registered all time highs in October. The average selling price across all areas and all property types was 21% higher than last October, the biggest year-over-year increase so far in 2016. Sales were also up strongly, more than 8% higher than last year. So far we have seen… Read More