Winning When You Lose

Toronto’s November real estate market was weaker than a year ago.  Higher interest rates eroded affordability leading to 11% fewer transactions as new listings increased by 17%.  Prices remained stable due to underlying demand from population growth. Prices will likely soften in the coming months as interest rates will not decline until Spring 2024 at…

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Mercury Rising

As the temperature rises, Toronto’s real estate market is following suit. Toronto’s February 2021 sales transactions increased by 51% compared to same time year ago.  On the pricing side, there was double-digit price growth for detached and semi-detached properties while condo prices on average dipped by 6% over this same period. It’s become common for…

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