RECORD GTA HOME SALES AND AVERAGE PRICE IN 2021

Friday Jan 7th, 2022

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A record 121,712 sales were reported through TRREB’s MLS System in 2021 – up 7.7 per cent from the previous 2016 high of 113,040 and up 28 per cent compared to 2020. Record demand last year was up against a constrained supply of listings, with new listings up by 6.2 per cent – a lesser annual rate than sales. The result was extremely tight market conditions and an all-time high average selling price of $1,095,475 – an increase of 17.8 per cent compared to the... [read more]

May 2021 Toronto Real Estate Market Report

Tuesday Jun 8th, 2021

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Sales Remain Strong in May 2021 with a slight cool down in Market Activity compared to March 2021   Residential transactions reported through TRREB’s MLS® System remained high in May 2021, but fell short of the 2016 record and were below this year’s March peak. Despite a slight ebb in sales over the last two months, market conditions remained tight enough to push the average selling price to an all-time record in May. Greater Toronto Area REALTORS®... [read more]

February 2021 Another Record Breaking Month for Toronto Real Estate

Wednesday Mar 3rd, 2021

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  Record home sales in the Greater Toronto Area continued in February as buyers remained confident in their employment situations and took advantage of ultra-low borrowing costs. With multiple buyers continuing to compete for many available listings, double-digit annual price growth was the norm throughout the GTA, with stronger rates of growth in the suburbs surrounding the City of Toronto. GTA REALTORS® reported 10,970 sales through TRREB’s MLS® System... [read more]

The Toronto Real Estate Board Forecasts Strong Demand for Real Estate in 2021

Wednesday Feb 10th, 2021

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The outlook for the GTA real estate market is healthy with strong buying intentions, a near-record sales forecast of more than 100,000, and a record average selling price over $1 million. The Toronto Regional Real Estate Board (TRREB) has just released its must-read Market Year in Review & Outlook 2021 Report and eagerly awaited digital digest containing TRREB’s annual market outlook, up-to-date Ipsos consumer polling results, the most recent Altus new home and commercial statistics,... [read more]

April 2020 Toronto Real Estate Sales Down Due to Covid 19 Social Distancing Measures

Tuesday May 5th, 2020

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Greater Toronto Area REALTORS reported 2,975 residential transactions through TRREB’s MLS System in April 2020. This result was down by 67 per cent compared to April 2019. Weekday sales remained within a relatively steady range during the month, averaging 130 per day.  New listings amounted to 6,174 in April 2020 – down on a year-over-year basis by a similar rate compared to sales. The necessary social distancing and economic impacts associated with COVID-19 clearly... [read more]

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