April 2020 Market Watch The Covid-19 virus has had numerous impacts on our lives and it has also affected the real estate market.  The impact on the real estate market can best be described as having dramatically been slowed down, somewhat like our lives have been slowed down.  While market activity has slowed down, the good news is that selling prices have remained fairly steady. Here is a summary of the Great Toronto Area (GTA) for you, comparing April 2020 to April 2019 year... [read more]

May 2019 Market Watch Data from the Toronto Real Estate Board reported 9,989 homes sold in May.  This resulted in a substantial increase of 18.9% over the 15-year low in May 2018.  This is still below the average for the month of May sales for the previous 10 years.     Population growth from immigration remains strong and jobs are being created in the region.  However, sales activity continues to be below the longer-term mostly due to the mortgage... [read more]

March 2019 Market Watch Data from the Toronto Real Estate Board reported 7,187 homes sold in March, just 1 sale less than reported in March 2018 (7,188), indicating a flat market.  Sales were not flat across all the GTA.  Sales in the suburbs were up by 5% while sales in Toronto were down by 9%.  The year-over-year drop in sales in Toronto could be blamed on the condo market which had sales drop 14%. March new listings were down by 5.1% year-over-year. The average price for... [read more]

February 2019 Market Watch  Data from the Toronto Real Estate Board reported 5,025 homes sold in February, down by 2.4 % on a year-over-year basis.   New listings also declined by a greater annual rate.  The average selling price was up modestly on a year-over-year basis.  The average selling price for all home types combined was up by 1.6% year-over-year.  Price growth was driven by the condominium apartment segment and higher density low-rise home types.... [read more]

January 2019 Market Watch Data from the Toronto Real Estate Board shows that the number of new listings increased by 22 (4,099 to 3,987) over January 2018.  The stronger sales performed shifted from the city to the suburbs.  The city of Toronto saw sales drop 6% YOY, and the rest of TREB saw sales increase by 3.5%. The average selling price of a home was up by 1.7% to $748,328, however, this gain was not realized by all regions and housing types.  The average price of... [read more]

Martket Watch – June 2018   June 2018 Home Sale and Price data are out! GTA                                                       June... [read more]

May 2018 Home Sale and Price data are out! GTA                                       May 2018                             May... [read more]

April 2018 Home Sale and Price data are out! GTA                                       April 2018                            April... [read more]