Market Updates
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

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

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