GTA Summer Market Showing Signs Of Strength

Toronto area prices were lower in July than in June for all property types, which is completely normal for the summer months. Sales in July were 3% lower than in June, while the total number active listing was 9% lower, and so the inventory of homes for sale dropped to just above 2 months’ supply,… Read More

Summer Slowdown Has Begun In Toronto

Following the normal seasonal trend, prices and sales in June were lower than in May, beginning the slowdown that typically begins in mid June and continues until late August. Because of our short summer season, many buyers and sellers decide to take a break until after labour day, and the market therefore tends to ‘thin… Read More

Toronto Market Continues To Build Momentum In May

Toronto area prices rose again in May, for the fourth month in a row, and were also higher than last May. Freehold prices in particular were significantly higher than the previous month, and have now pulled even with last year after being lower for the first four month of the year. Condominium apartment prices also… Read More

Toronto Market Gains Strength In April

After a slow start to the year, hampered by a lingering and unpleasant winter, the Toronto area market kicked into a higher gear in April. Sales for the first three months of the year were very similar to 2018, but April sales of 9,042 houses and condos were 16% higher than last year. The number… Read More

Steady Toronto Area Market Persists

Prices and sales increased modestly in March as compared with February, in line with the normal seasonal trend, and continued to track year-ago results very closely. For condominium properties, prices were 2% higher than last year, while prices for freehold properties were 2% lower, so the overall average for all property types was virtually unchanged…. Read More

Toronto Condo Market Continues to Soar

Toronto area condominium apartment prices continued to move upward last month, with average prices 6% higher than February, 2018. Almost certainly we will see another all-time high for condominium prices before the spring is over. Under-pricing and bidding wars are rampant and buyers are eager (even desperate) to buy condos now before prices go even… Read More

Toronto Market Continues on Steady, Balanced Trend

Toronto area prices were slightly (1.6%) higher in January than last January, while the total number of homes sold was almost exactly the same. The inventory of homes for sale was the same as last year, as well as last month, and right on the 3 months’ supply level that is regarded as ‘balanced’, that… Read More

CREA Forecasts Higher Prices & Sales for Ontario in 2019

The Canadian Real Estate Association (CREA) is Canada’s national association of real estate agents, similar to the National Association of Realtors (NAR) in the United States. Among other services, CREA publishes data on MLS sales across the country and has recently published their province-by-province forecasts for home prices and sales volumes in 2019 (see charts… Read More

Toronto Area Market Remains Balanced Through The Fall

Once again, year-over-year average prices in the Toronto area were higher in November than last November, though both sales and active listings were lower. Prices continue to track 3-5% above last year, as they have every month since the summer. If the seasonal pattern holds true, prices should drop about 4% in December; this will… Read More

Toronto Prices and Sales Move Higher in October

In a continuation of the ‘return to normal’ trend that we have seen since early this year, Toronto area prices and sales in October were higher than both the previous month and the previous year. The seasonal pattern that we saw repeated year after year over the past 20 years (up until the bubble started… Read More