Toronto Market Continues to Accelerate

It’s beginning to look a lot like 2017. Three years ago we had an insane spring market, with house prices rocketing upward by 20% and then crashing back down to where they started. The entire process only took about five months from beginning to end. The bubble was driven primarily by extremely low inventory of… Read More

Strong December Bodes Well For Toronto Homes In 2020

The breakout trend for Toronto area freehold properties continued in December. Prices were a stunning 11% higher than last December and sales were 25% higher. Even more surprising, prices in December were actually higher than in November, which almost never happens. Despite the relative weakness in the first 8 months of 2019, total year sales… Read More

Hot Fall Market Continues

Condominium apartments once again led the way in October, with prices at yet another all-time high, up 10% over last October and 4% higher than last month.   Prices for freehold properties were flat versus last month, but still well above last year – the breakout that started last month seems to be holding. Freehold… Read More

Toronto Prices Surge Upward in September

Prices in the Toronto area were almost 6% higher in September than in August, and slightly higher than the peak reached in the spring. This was nothing new for condominium prices, which have been hitting new all-time highs with great regularity over the past two years, and printed yet another one last month. What was… Read More

Toronto Market Getting Steadily Stronger

Prices for all property types continued the typical summer pattern in August, with prices for both freehold homes and condominiums lower than in July. Compared with last year, there are some definite positive signs: Prices were higher than last August for both freehold and condo properties. In fact, for the first time this year, prices… Read More

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