Toronto Residential Realtors. Service Beyond The Status Quo
Toronto’s October real estate market was weak. Transactions were 3% down from last year at a paltry 1,836 sales. Prices for freehold properties were resilient as they were higher than a year ago by ~7%. Meanwhile prices for condo apartments dropped by 2%. Although the price changes from this time last year don’t look dramatically different, October…
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Toronto’s September real estate market was as sluggish as it was a year ago – recording the same 1,744 sales. These volumes were 40% less than the 2018-2023 five-year average for September transactions. Compared to a year ago, prices were higher with freehold properties increasing 7% while condo apartment prices slid by 5%. Looking ahead, the market…
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September’s real estate results were down from the same month a year ago. Transactions decreased by 49% from last September as prices slumped in the detached and semi-detached markets. With higher interest rates, (the Bank of Canada increased the prime rate from 2.45% to 5.45% since the beginning of 2022) and the expectation of higher interest rates to…
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