Toronto Residential Realtors. Service Beyond The Status Quo
The recent deep freeze mirrored Toronto’s January real estate market. Transactions declined 23% year-over-year, with prices softening across all segments. New listings also decreased, as properties remained unsold and many prospective sellers chose to wait for the spring market in hopes of improved conditions. With the sales-to-new-listings ratio at 24% for condominiums and 32% for…
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Toronto’s April sales volumes and prices are down from April 2022 which should come as no surprise as 2022 prices were at all-time highs. As mentioned in the last 3 monthly newsletters, the market continues to strengthen as average prices increased for the fifth consecutive month. Buyers who were on the sidelines are coming back…
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Toronto’s June transaction volume was 37% lower than June 2021. While prices were higher by 7% compared to last year, the month-on-month prices have been slipping. Part of this is due to seasonality as June prices are typically lower than May but the increase in interest rates (combined with food and energy prices) is making…
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