After more than two years of elevated borrowing costs, interest rates finally dropped in June, but it has not yet translated into increased sales. Many buyers kept their home purchase decisions on hold, resulting in sales falling in the Greater…
Like April, May home sales were slower than average, especially in comparison to last spring’s short-lived pick-up in market activity. Just over 7,000 homes traded hands in May, down 21.7% or nearly 1,950 transactions from May 2023. With new listings…
Home sales in the Greater Toronto Area (GTA) were down in comparison to April 2023, when there was a temporary resurgence in market activity. With new listings strongly up year-over-year, there was increased choice for homebuyers and little movement in…
The Greater Toronto Area (GTA) saw increases in sale prices, inventory levels and buyer activity in March. The average price of a home is now $1,121,615, a gain of 1.2% from the same month last year. Toronto proper experienced a…
The Greater Toronto Area (GTA) is expected to surpass Vancouver as Canada’s most expensive housing market. This is according to Royal LePage’s latest survey in which the brokerage said it’s upgrading its national year-end home price forecast based on stronger…
The Greater Toronto Area (GTA) housing sector witnessed a strong surge in activity throughout February, setting an optimistic tone for the region’s real estate market heading into spring. With a total of 5,607 homes sold, representing an impressive 33% increase…
Tighter market conditions have returned to the Toronto-area housing market suggesting 2024 is gearing up to be a considerably busier year than its predecessor. Home sales were higher in January, reaching 4,223 — an impressive 36% yearly growth — as…
After years of unprecedented irregularity, Canadians may see the real estate market return closer to normal in 2024. According to Royal LePage’s newly released market forecast, Canadian home prices are predicted to see modest gains in the first two quarters…
The Bank of Canada’s decision to raise interest rates in March 2022, and to do so 10 times in a 17-month timespan to tame inflation, has sent shockwaves through the Canadian real estate market, eroding housing affordability and hurting existing…
Higher borrowing costs, continued uncertainty about the economy and Bank of Canada decision-making, and the constrained supply of listings resulted in fewer home sales in August compared to the same month last year. On the price front, more balanced market…
Clare Tattersall
Sales Representative
Direct: 647.625.3282
Office: 416.762.8255
Email: clare@realtorontowest.com
Royal LePage Real Estate Services Ltd., Brokerage
2320 Bloor St. W., Toronto, ON M6S 1P2
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