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

Finding an affluent neighbourhood to live.

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Are you someone who wants to be steps to entertainment and fine dining, or are you an art lover? Well, Bloor West Village has its very own shopping district offering both residents and visitors a diverse selection of specialty clothing stores to exquisite restaurants and cafes. This community has it all! If you’re interested in… Read More

Toronto Market Continues to Accelerate

prices_sept_2016

After a comparatively strong summer season, it wasn’t surprising to see sales and prices spike upward in September. After all, that’s part of the normal seasonal pattern. What was surprising was the size of the spike. The average price for all property types in the Greater Toronto Area was more than 20% higher than in… Read More

Record Hot August for Toronto Market

prices_aug_2016

The record hot weather in August was mirrored in the real estate market. There were 9813 homes sold in the GTA last month, an all time record for the month of August, and over 23% higher than last year. At the same time, new listings in August were slightly lower than last year, and this… Read More