Market Updates
By: Anuja Kumarasamy

December 2019 MARKET UPDATE

Tags: December 2019 MARKET UPDATE

The Toronto real estate market continued its positive trend, with November's 7,090 sales being up 14.2% compared to November 2018. The increased sales, coupled with new listings being down 17% year-over-year and active listings down 27.2% year-over-year, resulted in an increase in the average selling price to $843,637, 7.1% over November 2018. On a city wide basis, sales were up year-over-year...Read More

By: Anuja Kumarasamy

November 2019 MARKET UPDATE

Tags: MARKET UPDATE, GTA, MORTGAGE, REAL ESTATE,TORONTO,HOUSE PRICES

Another strong month of sales as Toronto realtors sold 8,491 residential homes through TREB’s MLS System in October 2019. Sales numbers were up 14% over the 7,448 sales reported in October 2018. Fewer new listings brought to market, a lower inventory of homes available for sale and continued demand drove the average price higher as it rose 5.5% to $852,142, compared to $807,538 in October 20...Read More

By: Anuja Kumarasamy

OCTOBER 2019 MARKET UPDATE

Tags: market update, GTA, mortgage, real estate

The strong and upward trend in real estate sales in the GTA continued last month with sales increasing by a hefty 22.0% to 7,825. This reflects the continued and renewed confidence in the market due to lower interest rates and strong employment in the GTA. Discounted five (5) year fixed mortgage rates can be as low as 2.6% right now! What can a lower mortgage rate mean for you? First, if you hav...Read More

By: Anuja Kumarasamy

SEPTEMBER 2019 MARKET UPDATE

Tags: TORONTO, MARKET, HOUSE PRICES

Dear Friend, The GTA real estate market continued its strong trend as Toronto Realtors sold 7,711 residential properties in August 2019. This result represented a 13.4 % increase compared to 6,797 sales reported in August 2018.  Sales were up on a year-over-year basis for all major market segments, with annual rates of sales growth strongest for low-rise home types including detached houses...Read More

By: Anuja Kumarasamy

August 2019 Market Update

Tags: TORONTO, MARKET, HOUSE PRICES

July was an extremely busy month for the Toronto real estate market, and all of the factors highlighted the “hot” market we are experiencing.      With the total number of sales YTD being up 10.7 % over last year and the number of homes available for sale down 9.1%, multiple offer situations and homes selling at asking price or over and quicker were and are the natural ...Read More

By: Anuja Kumarasamy

JULY 2019 MARKET UPDATE

Tags: TORONTO, MARKET, HOUSE PRICES

Dear Friend, Sales in June were up 10.4% over June of last year as the Toronto Real Estate Board reported 8,860 sales through TREB’s MLS System. The overall average selling price in June 2019 was $832,703 up by 3% compared to the average of $808,066 in June 2018 and up 7.9% from the start of 2019! The continuing increase in prices are a direct result of continued demand as well as a shorta...Read More

By: Anuja Kumarasamy

JUNE 2019 MARKET UPDATE

Tags: TORONTO, MARKET, HOUSE PRICES

Dear Friend, 9,989 listings sold through TREB's MLS® System in May 2019, a substantial increase of 18.9 % over May 2018. Prices also increased bringing the year to date average price to $805,098, up 3.6 % since the start of the year. The year-over-year increase in sales activity reflects polling results that indicated that more home buyers in the Greater Toronto Area were likely to purcha...Read More

By: Anuja Kumarasamy

MAY 2019 MARKET UPDATE

Tags: TORONTO, MARKET, HOUSE PRICES

Dear Friend, As the comedian said, “There’s good news and there’s bad news”. The good news There was a huge year over year jump in home sales in April, up 16.8 % to 9,042 compared to 7,744 in April 2018, with a significant 1.9 % price increase. Price growth continued to be driven by the condominium apartment segment which is up 5% since the start of the year, followed b...Read More

By: Anuja Kumarasamy

APRIL 2019 MARKET UPDATE

Tags: TORONTO, MARKET, HOUSE PRICES

Dear Friend, Toronto Real Estate Board members reported 7,187 residential sales through TREB’s MLS System in March 2019, almost the same amount as the 7,188 sales reported in March 2018. While the number of sales remain the same, the number of new listings, homes available for sale, was down by 5.1 % year-over-year.  This lack of inventory has created a shortage of homes available for ...Read More

By: Anuja Kumarasamy

MARCH 2019 MARKET UPDATE

Tags: TORONTO, MARKET, HOUSE PRICES

No real surprises in the market, approximately the same number of sales as last February, 5,025, with approximately the same number of listings, 13,284, which is less than 3 listings for every sale, making it an overall “sellers” market as buyers have few choices when purchasing a home. While this is an average number, the reality is that homes over $1,000,000 are experiencing a balan...Read More

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