April was a good month for the Toronto Real Estate Market. Sales came in with a substantial year-over-year increase. The number of residential transactions jumped by 16.8 per cent to 9,042 compared to 7,744 in April 2018. On a preliminary seasonally adjusted basis, sales were up 11.3 per cent compared to March 2019. New listings were also up year-over-year by eight per cent. However, the annual growth rate for new listings was much lower than that reported for sales. This suggests that... [read more]

The Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB's MLS® System in March 2019. This result was inline with 7,188 sales reported in March 2018. For the first quarter of 2019, sales were down by one per cent compared to Q1 2018. The OSFI stress test continues to impact home buyers' ability to qualify for a mortgage. TREB is still arguing that the stress test provisions and mortgage lending guidelines... [read more]

The Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 5,025 homes sold through TREB’s MLS® System in February 2019. This sales total was down by 2.4 per cent on a year-over year basis. Sales were also down compared to January 2019 following preliminary seasonal adjustment. The mortgage stress test has left some buyers on the sidelines who have struggled to qualify for the type of home they want to buy.  The stress test should be reviewed and... [read more]

With the winter months coming to an end and the spring months approaching, the real estate market is starting to pick up again. Sales throughout the Toronto area are up by 3.4% compared to last years sales. The condominium apartment segment led the way in terms of average price growth and sales on a year over year basis.  It is encouraging to see the increase in sales even though the weather has been difficult throughout the past few weeks. The current market is very low on inventory and... [read more]

Greater Toronto Area REALTORS® reported 4,009 home sales through TREB's MLS® in January 2019, up by 0.6 per cent compared to January 2018. On a preliminary seasonally adjusted basis, sales were up by 3.4 per cent compared to December 2018. It is encouraging to see the slight increase in January transactions on a year-overyear basis, even with the inclement weather experienced in the GTA region during the last week of the month. The fact that the number of transactions edged... [read more]