The real estate market in the Greater Toronto Area (GTA) is experiencing a surge in demand as buyers have come to terms with higher borrowing costs and are taking advantage of lower selling prices compared to this time last year.…
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…
Home sale prices for all property types saw a bump in February, up 5.4% from January, following the regular seasonal trend. The detached market realized an impressive uptick of 7.2%, resulting in an average sales price of $1,439,735 — the…
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…
The Greater Toronto Area (GTA) housing market experienced a marked adjustment in 2022, compared to record levels the previous year. The average selling price for all home types was $1,051,216 in December 2022, down 9.2% from $1,157,837 the previous year.…
Greater Toronto Area (GTA) sale prices remained stable in November, at an average of just under $1.1 million — a number that has remained relatively unchanged since August. The persistent lack of inventory is primarily behind why the downward trend…
October marked the third straight month that prices held steady in the Greater Toronto Area (GTA), after values retreated following interest rate increases in spring and early summer. The average price of a home was just under $1.1 million, up…
Greater Toronto Area home prices stabilized in August, after the month-over-month free fall that began in spring. The average selling price for all home types was up slightly to $1,079,500, from $1,074,754 in July — an increase of 0.4%. Year-over-year,…
Buyers are poised to benefit from more choice and value for money as sales and home prices continue to trend downwards following the peak seen in the first quarter of 2022. In July, there were 4,912 sales in the Greater…
Higher borrowing costs continued to impact home sales in June, as well as prices. Sales were down by 41% year-over-year in the Greater Toronto Area (GTA). The number of transactions was also down compared to May, but this is often…
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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