Toronto Residential Realtors. Service Beyond The Status Quo
The Toronto market continued to rebound in May. Sales transactions increased for the first time on a monthly basis with 23% more transactions in May 2023 compared to May 2022. Prices are slightly down from a year ago, but month-on-month sales have increased since the beginning of the year. The average price of $1,197,021 in…
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Toronto’s November real estate market continued to be sluggish. Prices dropped across the different market segments as anticipation of a seventh interest rate increase in 2022 came to fruition last week. Total transactions in Toronto fell by 50% compared to a year ago. This trend is concerning as highlighted in last month’s newsletter when we showed Toronto’s 2022 second half…
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If you’ve been keeping up with our recent newsletters, it should come as no surprise that Toronto’s November real estate results continued the trend that started mid-year. Limited supply of freehold properties and strong demand for more indoor and outdoor space are driving price growth for ground-oriented properties. The following table shows how sales of freehold properties…
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