FROM THE DESK OF DIMITRI
Posted on Feb 23, 2023 in Blog
So every month, my team asks me for my take on the most current, frequently searched topics of Toronto real estate. This month, they wanted me to talk a little bit about the foreign buyers ban, and whether or not 2023 will be a buyer or sellers’ market. So here it goes, here is my 2 cents – I simply don’t know. Disappointing answer? Sure. But unfor...
November home prices reach an all record high, listings down
Posted on Dec 07, 2021 in Blog
Home sales reached a new record for the month of November and the
average selling price also reached a new all-time high. New listings were down substantially compared to last year for all
market segments – further highlighting the inherent supply issue across all home types in GTA.
There were 9,017 reported home sales through TRREB’s MLS® System in N...
Average price for a home in Toronto is now $1,155,345
Posted on Nov 11, 2021 in Blog
October 2021 market update is out and prices continue to rise while inventory remains low. Home sales reached the second-highest level on record for the month of October. Toronto is not providing enough housing inventory to balance out the market by any means, the average price for a home in the GTA has increased by 19.3% year over year and sits at...
Price Growth, Low Inventory: September 2021 Market watch
Posted on Oct 07, 2021 in Blog
September marked the transition from the slower summer market to the busier fall market in the in the Greater Toronto Area (GTA) which we usually see every year.
Sales increased relative to August and were also at the third-highest mark on record for the month of September. The average selling price was up in all categories.
There were 9,046 sales th...
Toronto Market Watch: Key Highlights
Posted on Sep 14, 2021 in Blog
The City of Toronto Market continues to experience growth in home selling prices, according to the Toronto Real Estate Board (TRREB) report for August 2021.
The demand for most home types in the city continued to increase, while the number of active listings dropped by 10-25% percent month-over-month.
Selling prices for detached homes have reached $1...
Toronto Market Watch: July 2021 Update
Posted on Aug 11, 2021 in Blog
The Toronto Regional Real Estate Board (TRREB) report for July 2021 indicates that the market has hit its lowest month in home sales this year with a 15% decline in the number of sales and a 5.9% decrease in the average selling price in the city of Toronto.
Year-over-year dynamics were also negative with an 8.6% drop in the number of sales. While th...