There were no surprises as to the market’s performance in July. There has been a consistent improvement both as to sales volumes and average sale prices since January. July saw the most dramatic year-over-year improvement. As compared to last year, sales volumes in the greater...
Nasty year over year comparisons came to an end in June. For the first time in more than a year we saw positive variances in the number of sales and average sale prices. It was unrealistic to compare the first few months of 2017 to...
There were no surprises in the May resale figures for the Toronto and area residential market. The three themes that emerge are that the city of Toronto resale market continues to strengthen (416 regions); the 905 region continues as a drag on the overall market,...
MAY 22nd, 2018 • Recapping the weeks in April: - First week $727k⠀ - Second week $824k⠀ - Third week $857k⠀ - Fourth week: $865k • Recapping the weeks in May: - First week: $893k - Second week: $887k • What does this mean? We’re starting to see the market stabilize (!) and plateau...
The Toronto and area residential resale market continued its recovery in April. For the fourth consecutive month, the market has shown improvement in both the growth of average sale prices and the number of properties reported sold. In April 7,792 residential properties were reported sold,...
• Be prepared for a strengthening market in the months to come • The average sale price in the 416 right now is $865,000. That is only a marginal spread between the $918k sale price we saw at this time last year. Average sale price...
• The average sale price continues to increase in the 416, now at $855k. It’s been rising steadily since the beginning of the year and this month in particular. Six weeks ago the average price was $750k. ⠀ ⠀ • Condo prices are soaring to new all...
In just 5 weeks, we’ve had a huge boost in the average sale price in the 416. It has reached $850k, only $100k off from the $950k that we peaked at last year. ⠀ Things should regularize. Interest rates will go up again, but...
The average sale price in the GTA has climbed within the last month. In the 2nd week of April it’s now at $825,000, approaching what we saw last year at this time.⠀ Sale prices in B.C. are also breaking records again. Will we follow...
In March the Toronto residential real estate market clearly demonstrated its resilience. Notwithstanding the provincial government’s attempt to engineer the market, it continues to respond to forces that have nothing to do with the Ontario Fair Housing Plan. That’s due primarily to the fact that...
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