Housing Market and Trends
Surplus in condo apartment inventory has caused pressure on the average sales prices. Prices have been flat to lowering the last several months.
This November's home sales increased by a whopping 24.3% compared to November 2019. Primarily, this growth was in large part due to annual single family homes.
Toronto Regional Real Estate Board reported 10,563 sales in October 2020 - a new record. This is a 25.1 per cent increase from October 2019. For all home types, the average selling price in October 2020 was $968,318 -- up by 13.7 per cent year-over-year.
Toronto Regional Real Estate Board reporte 11,083 sales in September - new record. This is a 42.3 per cent increase from September 2019. For all home types, the average selling price in September was $960,772 -- up by 14 per cent year-over-year.
New condo apartment listings are reaching new highs, which is causing pressure on the average sales prices. Prices have been flat the last several months.
Average prices in August reached $951,404, surpassing the previous average of $792,134 back in August 2019. Detached home prices in Toronto increased by 19.9% to $1.172 million.
One-bedroom condo Apartment prices are currently quite flat week to week. There is just enough demand for condo apartments to match the current supply. This may be the right time to get into Toronto's condo market.
Average prices in June reached $931,000, surpassing the previous record of $920,791 back in April 2017. Detached home prices in Toronto increased by 14.3% to $1.52 million, while semi-detached home prices were up 22% to $1.29 million.
One-bedroom condo Apartment prices are currently quite flat week to week. There is just enough demand for condo apartments to match the current supply. This may be the right time to get into Toronto's condo market.
Semi-detached and townhouses reported annual average price growth above the rate of inflation. Condo apartment and detached homes reported year-over-year price declines on average.
IMPORTANT TIME SENSITIVE UPDATE about condo apartments across the GTA. Take this information with a bit of precaution as we have only recently started a province wide shutdown. The next few weeks will gauge how the rest of the year may go.
IMPORTANT TIME SENSITIVE UPDATE about condo apartments across the GTA. Take this information with a bit of precaution as we have only recently started a province wide shutdown. The next few weeks will gauge how the rest of the year may go.
Homes sold in March 2020 increased by 12.3% compared to March 2019. Despite this strong increase, there has been a clear break since the COVID 19 period. TRREB has defined that the start of this break began on Sunday Mar. 15th.
IMPORTANT TIME SENSITIVE UPDATE about condo apartments across the GTA. Take this information with a bit of precaution as we have only recently started a province wide shutdown. The next few weeks will gauge how the rest of the year may go.
You will be amazed at how much you can save by buying in specific key areas in the GTA versus downtown. What does this mean for you? Read this to find out
You will be amazed at how much you can save by buying in specific key areas in the GTA versus downtown. What does this mean for you? Read this to find out
You will be amazed at how much you can save by buying in specific key areas in the GTA versus downtown. What does this mean for you? Read this to find out
In late November, the Ontario government introduced Bill 145: the Trust in Real Estate Services Act, 2019, which proposes changes to the Real Estate and Business Brokers Act, 2002 (REBBA).
You will be amazed at how much you can save by buying in specific key areas in the GTA versus downtown. What does this mean for you? Read this to find out
