Market Momentum

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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The Market Needs Metamucil

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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