Market Updates
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

By: Anuja Kumarasamy

FEBRUARY 2019 MARKET UPDATE

Tags: TORONTO, MARKET, HOUSE PRICES

Despite the harsh January weather, Toronto Realtors sold 4009 homes through the Toronto Real Estate Board MLS system, slightly more than the same period last year. This bodes well for a very active market in 2019. While the average selling price was up by 1.7 % on a year-over-year basis, it really does not represent what is happening in the marketplace, as not all housing sectors are experiencing...Read More

By: Anuja Kumarasamy

JANUARY 2019 MARKET UPDATE

Tags: TORONTO, MARKET, HOUSE PRICES

The Toronto Real Estate Board finished off 2018 with 3,780 sales, a little bit less than the 4,500 we predicted, and that was accompanied by 31.5% fewer new listings than December 2017, a sign that tight market conditions will continue in many neighborhoods. Sales & Average Price By Major Home Type The Toronto market remains price segregated, with luxury properties, those over $1,500,000, b...Read More

By: Anuja Kumarasamy

December MARKET UPDATE

Tags: TAGS: TORONTO, MARKET, HOUSE PRICES

Not too many surprises in the real estate market as 2018 winds down. 6,251 homes sold, down from last year’s record number, as buyers were pushed to buy earlier than planned due to the new mortgage regulations that were going into effect in the new year. The average selling price was up by 3.5% year-over-year to $788,345. We believe that we have gone back to a more traditional market, witho...Read More

By: Anuja Kumarasamy

October Market Update

Tags: Toronto, Market, House prices

  Experts predicted that October 2018 would have fewer sales and more homes available for sale than October 2017. It came as a surprise when the opposite occurred! The 7,492 homes sold by Toronto Real Estate Board members was 6% more than October 2017, and prices increased by 3.5% year over year. 14,431 homes were listed on the MLS system, down 2.7 % compared to October 2017. The fact that s...Read More

By: Anuja Kumarasamy

September Market Update

Tags: Toronto,Market, House prices

It has been another good month for sales in Toronto, as Toronto Real Estate Board members sold 6,839 homes, 8.5% more than last August with the average price also being up 4.7% over the same month last year. With only 21/2 months of homes in inventory in Toronto, by definition, it would appear to be a sellers’ market. It is in many areas, with well-priced homes selling quickly. In other are...Read More

By: Anuja Kumarasamy

Market Update: July

Tags: STATISTICS, SUCCESS, SUCCESS STATISTICS, JULY, RE/MAX

    Ontario might be suffering from a shortage of rain, but there was certainly no drought of buyers when it came to home sales in Toronto. July saw almost 7,000 transactions, up 18% over last July and prices rose 4.6% in July 2018 over July 2017. The average price now stands at $788,822. At Re/Max Realtron, our sales were up by 19% and we sold 941 homes from our inventory of 1,543. &...Read More

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