Pent-up Demand Pushes Prices Dramatically Higher   According to the Toronto Regional Real Estate Board (TRREB), sales activity was extremely strong for the first full month of summer. Normally we would see sales dip in July relative to June as more households take vacation, especially with children out of school. This year, however, was different with pent-up demand from the COVID-19-related lull in April and May being satisfied in the summer, as economic recovery takes firmer hold, including the Stage

Prices remain stable in April as sales begin to rise The average selling price for April 2020 transactions was $821,392 – up very slightly by 0.1 per cent compared to the average price of $820,373 reported for April 2019. Greater Toronto Area REALTORS® reported 2,975 residential transactions through TRREB’s MLS® System. This result was down by 67 per cent compared to April 2019. The industry expected a deep decrease due to COVID 19, however based on the transactions per day,

Prices remain stable in March as inventory continues to be in short supply For the Greater Toronto Area (GTA), the average home price of $902,680 is up 14.5% from March of 2019.  The average price is down just under one percent from February 2020 when average price was $910,273. 8,012 homes traded hands and represents an increase of 12.5% from March 2019.  This increase should be prefaced with an explanation; the high activity of the first two weeks of March

After a very strong February for prices and homes sold, the number of transactions in March could moderate The real estate market in the Greater Toronto Area (GTA) continued to strengthen in February.  Strong sales up against a constrained supply resulted in an accelerating rate of price growth as many properties continued to see multiple offers. Average price reported through TREB’s MLS® System by GTA REALTORS® increased by 16.7% to $910,290 and residential sales were up by a dramatic 45.6%

GTA Real Estate Prices Rise 5.8% in September   The Greater Toronto Area (GTA) real estate market is showing resilience.  Prices continue to rise steadily this year and increased 5.8% since September of 2018.  The upward pressure on price is a direct reflection of the very tight supply of homes available for sale.  During September, only 2.2 months of inventory were available for sale.  Industry insiders view anything under 4 months as tight supply and a sellers’ market, 4 to

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The tighter, but more stable conditions developed by balanced inventory and driven by increase of employment rates sets us up for a predictably even summer market. We are still seeing strong improvement from the slower first quarter, but we don’t expect a spike of growth reflective if this trajectory. Again, we see there’s considerably disparity between the 905 and 416 regions regarding pricing averages. Semi-detached prices are being pushed up in the 905 due to demand and low inventory pushing

TREB analysts successfully contributed to the government discussions regarding stress test revisions and we will see the results of those discussions later on this year.   We continue to see buyer competition between listings due to low inventory. These tight conditions are enough to maintain adequate price growth, keeping the market stable. Some more considerable increases for the month of April are more likely to be a catch up period reflective of the slow first quarter, than indicative of rises

For the first quarter of 2019, sales are down by merely 1% compared to 2018’s first quarter. As TREB analysts are pushing for a review of the current stress test provisions, we’ll soon see what their participation in the discussion for City of Toronto’s Housing Action Plan will yield long term for the GTA as a whole. We continue to see buyer competition between listings due to low inventory. These tight conditions are enough to maintain adequate price growth, keeping

It's March and that's usually when people's tolerance for the winter condition is at an all-time low. It's supposed to be Spring, but we all know that March is unofficially the fourth winter month. We're done with dreary; we're done with cold, but with Spring comes chores! Especially in preparation for listing or showing your home, everyone is aching for handy tips to get a handle on things. Let's get started!   The KonMari Method The KonMari method was developed