The Toronto Real Estate Area (GTA) experienced the second-highest home sales level on record for the month of October.  The number of new listings is not keeping up with sales and as a result, putting upward pressure on sale prices.  The number of new listings was down 34.1% in comparison to October 2020.  Hence, we continued to experience aggressive bidding wars for many homes.&nb...Read More

  The Greater Toronto Area is not seeing any signs of the real estate market slowing down.  The month of September is the transition month from the slower summer market to the busier fall market. Every year we see a jump in sales, average sale price, and listings after the Labour Day weekend, and this year September was no different.  Sales increased in comparison to August and thi...Read More

The Toronto Real Estate Board reported that August 2021 was the third-best sales record for the month of August.  Sales volumes have definitely slowed down compared to the earlier part of this year which is completely normal (the real estate market has historically always slowed down in July and August with the exception of 2020 due to the pandemic and a non-existent spring market). ...Read More

  We are starting to hear rumblings that the housing market is finally cooling off after 4 months of reduced sales volumes compared to 2020.  If you recall we did not have a spring market in 2020 due to the pandemic and as a result, the spring market got pushed out into the summer and fall months in 2020.  It is not unexpected for us to experience a cooling down of the housing mark...Read More

  After the frenzied activity of the first 3 months of 2021 in the Greater Toronto Area  (GTA) housing market, the number of sales has decreased for the third month.  June sales were up by 28.5% compared to June 2020 but lower than May 2021 suggesting that the recent demand surge may have settled down a bit ...for now.   While year-over-year sales activity is up home sales act...Read More

  After the frenzied activity of the first 3 months of 2021 in the Greater Toronto Area  (GTA) housing market, the number of sales has decreased for the second month.  Despite a decrease in sales in May 2021, we had 11,951 sales which are dramatically up from May 2020 just after the onset of the pandemic.  Though monthly property sales fell below the May 2016 record sales of 1...Read More

Once again we experienced record sales volumes in the month of April.  The demand for real estate has continued to outpace new listings supply but we did, however, experience a surge of new listings in March and April of this year but increased supply was still not enough to meet demand as active listings are not sufficient to meet months demand so we continue to be in a seller’s market...Read More

We continued to experience record real estate sales volumes in the month of March 2021.  The demand for real estate has continued to outpace new listings supply.   Although listings are up 57.3% compared to March 2020 the last 2 weeks of March 2020 experienced a dramatic decrease in listing and sales.  However, if we compare the first two weeks of March 2021 sales are stronger...Read More

We continued to experience record real estate sales volumes in the month of February 2021.  The demand for real estate has continued to outpace new listings supply.    Buyers continued to feel confident with their employment situation and are taking advantage of the record low-interest rates.   There appears to currently be overall confidence that the economy will continu...Read More

The real estate market has no signs of slowing down despite the second wave of the pandemic.  In January we saw a strong real estate market once again and the sales volumes outperformed January 2020 by 50% with an average price increase on an average of 15.5% compared to the same month in 2020. What is driving the Demand for Housing? The good news is that the demand for real est...Read More