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August 2023 Real Estate Market Update

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…

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July 2023 Real Estate Market Update

Greater Toronto Area home sales, listings and prices were up in July, in comparison to the same month last year; however, the market experienced more balance than in June, with sales edging lower for the second straight month while active…

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June 2023 Real Estate Market Update

After month-over-month home price increases, the Greater Toronto Area (GTA) real estate market is displaying mixed signals, indicating a potential impending shift. In June, the average price of properties in the GTA decreased by $13,972, resulting in a final price…

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May 2023 Real Estate Market Update

The housing market in the Greater Toronto Area (GTA) continued its upward trajectory in May, displaying an impressive rally in home prices. The average price surged by $42,832, marking the second consecutive month of substantial gains exceeding $40,000. This is…

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March 2023 Real Estate Market Update

Home prices are trending upward once again due to a tightening in market conditions. With the return of a more stable interest rate environment, previously sidelined buyers have released their pent-up demand on the market. Since many sellers are still…

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January 2023 Real Estate Market Update

The Greater Toronto Area (GTA) housing market unfolded as expected in January, with the number of sales and overall selling price similar to December 2022. Also unsurprisingly, both sales and prices were down markedly on a year-over-year basis, continuing to…

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