Housing Market and Trends
GTA home sales in October were down 49% since last year. The market continues to adapt to a higher borrowing cost environment. But, how does the ongoing lack of inventory affect current home prices?
GTA home sales in September were down 44% since last year. However, prices were up 0.7% from last month. Will October be the peak of the fall real estate market?
GTA home sales were down 34.2% from last year, showing a lesser annual decline than seen in the last 4 months. Sales represented a higher share of new listings. Could this indicate some support for home sale prices?
Rapidly increasing mortgage rates continue to lead to more balance in the market. GTA home sales in July were down 47% from last year, while annual price growth moderates, and buyers benefit from greater choice.
With mortgage rates continuing to rise, buyers are taking advantage of greater selection, less competition and stabilizing prices. Home sales down 41% compared to last year.
It's "spring market" yet GTA home sales in May were down 39% from last year and prices up almost 10%. Here's what's happening in today's evolving market.
With higher borrowing costs and buyers moving to the sidelines to reposition themselves in a higher rate environment, the GTA housing market continues its adjustment with transaction numbers down.
Sales down across all major market segments. A slightly more balanced market and moderating price growth.
Home sales and new listings down. Signaling a modest move in the direction of a slightly more balanced market.
Strong demand continues. Listings remain in short supply. Active listings at the lowest level in more than two decades. What can we expect this year in 2022?
Average selling price breaks record with new all-time high. Supply continues to be an issue. Condo and townhouse segments remain popular.
Average selling price breaks record with new all-time high. Supply continues to be an issue. Condo and townhouse segments remain popular.
October home sales reached a second highest record with double digit percentage increases in average sale price. Demand continues to outnumber supply.
Significant Decrease in the Number of Listings Leave Lots of Buyers Still on the Hunt for Home Ownership
With a decrease of 34 per cent of new listings compared to the same time last year, purchasing a home may be tricky.
Nearly 10,000 sales in July --- that's a very strong result for a summer month despite being down from July 2020. It would appear that the market has started to calm and stabilize but prices still remain strong, especially in the 905.
Nearly 10,000 sales in July --- that's a very strong result for a summer month despite being down from July 2020. It would appear that the market has started to calm and stabilize but prices still remain strong, especially in the 905.
Extremely likely that condo apartment prices will fully rebound and surpass 2020 peak pricing during 2021.
2021 lockdown has not affected buyers the same way the 2020 lockdown did.
Annual rate of increase moderated compared to the previous three months. While this provides some relief for buyers, the doors for immigration are opening up in the near months and this could mean similar landscapes to that of the previous months.
May 2021 sets new record in with average selling price but slower than usual with number of sales. So too new listings have experienced a dip setting new competition amongst buyers.
April 2021 Sets New Record. GTA home sales more than quadrupled compared to April last year being the first full month of the pandemic. However there was a 12.7 per cent decline in sales month-over-month.
No slowing down with record sales for third straight month of 2021 with buyers taken advantage of favourable borrowing conditions. In comparison, we must remember the initial impact of COVID during the same month last year.
Homebuyers in the GTA better prepare to spend more than they ever have before as the Toronto Regional Real Estate Board reports the average selling price to be over $1 million.
Homebuyers in the GTA better prepare to spend more than they ever have before as the Toronto Regional Real Estate Board predicts that the average selling price for homes in the area will top $1 million for the first time later this year
No one knew what the year would bring with COVID-19, however despite these trying times, the real estate economy finished impressively. Highlights from 2020 include record breaking reports.