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Toronto Homes Sales Down Compared to January But This can be a Good Thing if you are Buying and Selling!

Thursday Mar 07th, 2019

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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]

Spring Market Approaching. Beat the Listing Rush!

Thursday Feb 21st, 2019

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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]

January 2019 Toronto Real Estate Sales Report

Thursday Feb 14th, 2019

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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]

Toronto Real Estate Report - January 2018 Market Update

Sunday Jan 06th, 2019

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The Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported a total of 77,426 residential transactions through TREB’s MLS® System in 2018. This result represented a 16.1 per cent decline compared to 92,263 sales reported in 2017. Total new listings entered into TREB’s MLS® System were down by 12.7 per cent over the same period to 155,823. The overall average selling price for 2018 transactions, at $787,300, was down by 4.3 per cent year-over-year... [read more]

November 2018 Toronto Real Estate Update

Saturday Dec 08th, 2018

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The Toronto Real Estate Board announced the continuation of moderate price growth in November 2018 compared to November 2017. The average selling price was up by 3.5 per cent year-over-year to $788,345.Greater Toronto Area REALTORS® reported 6,251 residential transactions through TREB's MLS® System in November 2018. This result was down by 14.7 per cent compared to November 2017. New listings were actually down more than sales on a year-over-year basis in November. This suggests... [read more]

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