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 federal government is extending the amortization period on insured mortgages to 30 years for first-time homebuyers. The addition of five years will help more young Canadians to afford a monthly mortgage payment. Currently, if a down payment is less…
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) 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…
The Greater Toronto Area (GTA) housing market experienced some turbulence throughout 2023, but its enduring resilience remains the standout feature. Commencing the year with an average sales price of $1,038,668, properties saw a remarkable 15% surge by May, reaching an…
November saw little change in the average Greater Toronto Area home price year-over-year, ending the month at $1,082,179, up just 0.3%. Examining individual asset classes, the semi-detached market remains stalwart in price stability, maintaining a sales price within a $42,000…
Lack of affordability and uncertainty remained issues for many would-be homebuyers in October, resulting in a dip in sales compared to last year. However, prices remained higher, up 3.5% or $36,500, putting the average Greater Toronto Area home value at…
Home prices maintained their resilience in September, with most property segments showing positive year-over-year trends. But a shift has emerged in the housing market: the resurgence of properties for sale. In September, inventory reached 18,912 active listings, the highest level…
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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