Summary of October 2023 Toronto Real Estate Market Report Affordability, uncertainty affected GTA home buyers in Oct 2023; sales lower YoY Selling prices higher than last year Population growth, resilient GTA economy maintained housing demand Demand shifted to rental market due to high borrowing costs, interest rate uncertainty TRREB reported 4,646 GTA home sales in Oct 2023, down 5.8%...
Summary of August 2023 Vancouver Real Estate Market Report Residential property sales in Metro Vancouver have been affected by higher borrowing costs. Price gains in the housing market have cooled and sales have slowed. In August 2023, there were 2,296 residential home sales in the region, a 21.4% increase from August 2022. This was 13.8% below the 10-year seasonal average of 2,663 sales....
Summary of August 2023 Toronto Real Estate Market Report Higher borrowing costs, economic uncertainty, and Bank of Canada decisions led to fewer home sales in August 2023 compared to August 2022. The average selling price remained virtually unchanged over the same period. Sales and average prices decreased on a seasonally adjusted monthly basis. Solid demand for housing is expected in the...
Prices have risen as a result of historically low stocks and record-high sales in August. Thanks to a spike in the Calgary condominium market, August sales reached a record high with 2,729 purchases. Despite the high levels announced over the last few months, year-to-date sales are still 15% lower than last year. While new listings increased in comparison to this time last year, the...
In August 2022, there were 5,627 home sales reported through the Toronto Regional Real Estate Boards (TRREB) MLS® System, representing a 34.2 percent year-over-year drop and a slower annual rate of decline compared to the previous four months. The August sales result was also a month-over-month increase over July. When compared to the previous three months, sales represented a higher proportion of new...
In March 2022, nearly 11,000 home sales were reported in the Greater Toronto Area (GTA), closing off the third-best March and second-best first quarter on record. With an average selling price of $1.3 million, tight market conditions continued to support double-digit yearly price rise. Month over month, the average selling price fell marginally, contradicting the seasonal tendency. “Now...
February home sales were down from the all-time high set in 2021, but they were still the second-best February performance in history. New listings fell, although at a slower yearly rate than sales, indicating a gradual shift toward a more balanced market. However, buyer competition remained fierce enough to support double-digit price increases year over year. In February 2022, REALTORS®...
For the month of August, the Toronto Regional Real Estate Board (TRREB) reported the third-best sales performance on record. While the market has taken a break for the summer, it is apparent that demand for home ownership remains robust. At the same time, the number of listings available is decreasing. As a result, market conditions have tightened and buyer rivalry has increased, resulting in double-digit...
In Q2 2021, the number of condominium apartment rental transactions was more than double that of Q2 2020. In comparison to Q1 2021, the number of rentals increased by 13.3%. On a year-over-year and quarter-over-quarter basis, growth in rental transactions outpaced growth in the number of units advertised.  In Q2 2021, REALTORS® in the Greater Toronto Area (GTA) recorded 14,920 condominium apartment...
In the Greater Toronto Area, year-over-year growth in condominium unit sales far outpaced growth in listings in the first quarter of 2021. (GTA). With market conditions tightening, average condo prices in the regions surrounding Toronto were higher in Q1 2021 than they were in Q1 2020. The average condo sale price in Toronto stayed lower than the previous year. GTA REALTORS® reported...
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