Price Growth, Low Inventory: September 2021 Market watch
Posted on Oct 07, 2021 in Blog
September marked the transition from the slower summer market to the busier fall market in the in the Greater Toronto Area (GTA) which we usually see every year.
Sales increased relative to August and were also at the third-highest mark on record for the month of September. The average selling price was up in all categories.
There were 9,046 sales th...
Toronto Market Watch: Key Highlights
Posted on Sep 14, 2021 in Blog
The City of Toronto Market continues to experience growth in home selling prices, according to the Toronto Real Estate Board (TRREB) report for August 2021.
The demand for most home types in the city continued to increase, while the number of active listings dropped by 10-25% percent month-over-month.
Selling prices for detached homes have reached $1...
Toronto Market Watch: July 2021 Update
Posted on Aug 11, 2021 in Blog
The Toronto Regional Real Estate Board (TRREB) report for July 2021 indicates that the market has hit its lowest month in home sales this year with a 15% decline in the number of sales and a 5.9% decrease in the average selling price in the city of Toronto.
Year-over-year dynamics were also negative with an 8.6% drop in the number of sales. While th...
MARKET UPDATE JUNE 2021: KEY INSIGHTS FOR THE CITY OF TORONTO
Posted on Jul 15, 2021 in Blog
There was a slight cool-down of the market in June, however, the heated start of the year still resulted in year-over-year growth.
In June, a total of 3,850 properties were sold in the city of Toronto with an average price of $1,079,749.
The average selling price of a detached home was $1,699,881, which is an 11.6% increase over the year and a 0.9% d...
May 2021: Market Watch Update for City of Toronto
Posted on Jun 09, 2021 in Blog
The month of May continued to showcase the decrease in home sales in Toronto. According to the TRREB report, there was a 12.3% drop in the number of sales as well as a decrease in sales in each particular home type compared to April 2021. The average sales price, however, continued to grow with a 2.6% increase reported this month.
The year-over-year...
April 2021 Toronto Market Watch: Key Insights
Posted on May 12, 2021 in Blog
Don’t let the numbers confuse you!
The April 2021 market watch report by TRREB released last week is the first time we could make a year-over-year comparison in a pandemic-hit market. The lockdown started in April 2020 resulting in a massive drop in sales numbers. As a result, this year we see over 300% sales increase in most home types.
For a better...
