February results were expected to continue what we saw in the first month of 2019 -- modest growth in sales and average sale prices. That didn’t materialize. I have generally not regarded the weather as having a material impact on the residential resale market, but...
$748,328: Average selling price Be prepared for a strengthening market in the months to come. A strong market showing in January, beating expectations. The improved year-over-year results were driven by a moderately resurgent 905 marketplace. A small increase in available inventory will be welcomed by buyers...
📈QUICK HIGHLIGHTS $750,180: Average selling price 🏡 AVERAGE SALE PRICES by HOME TYPE $1,145,892 (340 sales) - Detached $989,859 (116 sales) - Semi-detached $594,381 (848 sales)- Condo ✔ OTHER FACTS +2.1% : Sale price change Y/Y 31 : Average days on market 3,781 : Properties sold this month 4,308 : New Listings 📢 CONCLUSION Higher borrowing costs and mortgage stress testing are causing the Toronto...
📈QUICK HIGHLIGHTS👇 👉 $788,345: Average selling price 🏡 AVERAGE SALE PRICES by HOME TYPE: Detached- $1,301,382 Semi-detached- $1,060,359 Condo- $595,678 ✔ OTHER FACTS: Sale price change Y/Y +3.5% Average days on market: 27 Properties sold this month: 6,251 📢 CONCLUSION: Sales retracted in November while average sale prices increased. New listings retracted dramatically by more than 26 percent. These market...
The real surprise in October was that the Toronto and area market place was more buoyant than expected, especially with a further interest rate hike during the month coming from The Bank of Canada. After being at 0.5 percent for two years, the Bank’s rate...
The new normal in the Toronto residential real estate market has arrived. It has been finding its way for several months now, guided by the implementation of mortgage stress testing, the foreign buyer tax, and a number of mortgage interest rate hikes. It is now...
Market data for August came in as expected. Both the average sale price and the number of residential properties reported sold increased compared to August 2017. The average sale price for all properties sold came in at $765,270, or almost 5 percent higher than last...
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,...
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