Toronto Residential Realtors. Service Beyond The Status Quo
Toronto’s March 2024 transactions were lower despite more listings compared to a year ago. Condo apartment sales saw the biggest drop as investor appetites waned. Prices for detached properties fell as interest rates kept these properties out of reach for most households, while semis saw an increase in price as they’re more affordable freehold options…
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Toronto’s February market was more active than a year ago. Transactions increased on average by 13% with freehold properties leading the way reporting double digit sales growth as condo apartment sales increased by 7%. Prices stayed at similar levels as more listings came on the market. More importantly, momentum from January continued into February as…
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The following is a public service announcement: If you have a property in Toronto, you must complete your 2023 Vacant Home Tax Declaration of Occupancy Status by February 29, 2024. – Let us know if you have questions. Toronto’s January real estate market showed signs of emerging from hibernation. Transactions were 16% higher than December…
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Toronto’s real estate market went out with a whimper. Although December transactions were higher than a year ago, last December’s sales volumes were ghastly. Properties took on average 49 days to sell when factoring in that 25% of properties were re-listed. Prices remained steady as many sellers chose to sell first before buying. With less…
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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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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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Toronto’s August real estate market saw a dip in freehold sales and a small uptick in condo sales compared to a year earlier. Average prices for semi-detached increased which bucked the trend (although this segment is a very small part of the Toronto market) in the detached and condo apartment segments. Despite higher levels of…
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Toronto’s real estate market had higher sales and prices compared to a year ago. Sales increased modestly by 3% as the average price rose on the relative strength of detached properties. Despite a more active July market, there are headwinds on the horizon. As housing prices accelerated in Q2 2023, the Bank of Canada raised…
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Toronto’s June real estate market was more active than a year ago. Transactions increased by 17%. Average prices increased for freeholds while prices remained flat for condo apartments. The market cooled from May 2023 to June 2023 with prices dropping by 4% as the June 2023 interest rate increase caught some buyers by surprise coupled…
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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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