Market Gifts

Toronto’s real estate market showed continued signs of recovery in November, following slower sales during the first three quarters of the year. Transactions in November were 39% higher compared to November 2023, with detached properties leading the way. Prices for freehold properties increased by approximately 5%, while condominium prices experienced a slight decline. The real…

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It’s Broke, Fix It

Toronto’s September real estate market was slow.  Hopes of a strong fall market following a sluggish summer did not transpire as sales came in only 4% higher than a year ago and 5% higher than Aug 2024.  Prices were resilient following 3 interest rate reductions since the beginning of the summer.  September saw the surge of new…

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All Quiet on the Home Front

Toronto’s July real estate market was weak.  Although transactions were up 2% from last July and average prices were similar, the year-over-year comparison is against a soft July 2023 market.  Average prices were down for the second month after seeing monthly increases from January through to May 2024.  The July 2024 average price was 8.8%…

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Please Mind The Gap

Toronto’s May real estate market was sluggish.  While average prices remained stable, sales transactions were 18% lower than a year ago.  Buyers had choice last month as new listings were 28% higher than May 2023. While the monthly real estate stats are helpful to understand year over year comparisons, by looking back over a longer…

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