Although the year-over-year listing and sales are down, the month-over-month numbers are showing increased activity in the real real estate market.  But why?  Hint, hint --- supply and demand.      GTA REALTORS® Release April 2023 Stats  The Greater Toronto Area (GTA) housing market continued to tighten in April 2023. On a year-over-year basis, sales edged lo...Read More

  The real estate market in February saw interesting trends, particularly with the Bank of Canada announcing a pause in foreseeable interest rate hikes, resulting in bidding wars for homes priced under $1,000,000. However, other homes and condos continued to take longer to sell.  The lack of inventory persisted, resulting in buyers competing for homes and driving up prices compared to J...Read More

In 2022 many were predicting a housing market crash however, what we have experienced in the past 11 months is a healthier market correction. The Bank of Canada’s 8 consecutive rate increases resulted in many buyers deciding to place their decision to purchase a home on hold and many sellers also decided to delay selling their homes. On a year-over-year basis, both sales and prices are down ...Read More

The past three years have been marked with unprecedented changes and uncertainties, and the housing market has been no exception. Despite the onset of the pandemic, the housing market saw a surprising surge instead of the expected slowdown. The current slowdown in the market is a result of the medical pandemic's impact, not an economic slowdown  During the pandemic, demand for housing con...Read More

2022 has definitely been an interesting year from an economic and interest rate perspective.  We experienced crazy demand for real estate in the first two months of the year that resulted in aggressive bidding wars.  But as mortgage rates started to increase the real estate market started to cool off and we have experienced sale price drops since the high of February 2022 due to buyers j...Read More

The rental market in the GTA literally collapsed during the pandemic. After many years of a huge demand for rentals, the market dramatically shifted during the pandemic in favour of tenants. Many tenants decided to move during this time as the shift in the market gave tenants an opportunity to rent a better property at much lower rental rates. This happened because many renters left the downtown ...Read More

In April the Greater Toronto Area (GTA) continued to see an adjustment due to the higher interest rates of borrowing.  Buyers appear to have slowed down their home search and moved to the sidelines to determine the impact on the market and also to assess the impact on affordability.  We have noted a decrease in the number of showings and are receiving fewer if any offers on offer present...Read More

  Are we finally seeing the real estate market balancing off?  We kicked off 2022 with historically low listing inventory that resulted in increased pressure on sale prices.  Low listing inventory continued right through mid-February but in the last 2 weeks of February, we finally started to see an increase in new listings coming on the market.  Greater Toronto Area (GTA) Feb...Read More

  We kicked off the year with a very hot housing market and there appear to be no signs of it slowing down.  In January 2022 demand for housing remained at an all-time high while the supply of new listings was at record low levels.   The record low number of new listings resulted in a drop of 18.2% of the number of properties that sold in January 2022 compared to January 2021...Read More

  Although we saw a dip in the number of residential properties that sold in the month of December 2021 compared to December 2020 – but 2021 overall experienced a record number of sales.  In 2021 residential real estate sales were 121,712 which was 7.7% higher than the previous high of 2016 when we had 113,040.  However, for the entire year 2021, the number of sales and in co...Read More