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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More Choice For Buyers

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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