Approximately 1.2 million mortgages will renew in 2025, the vast majority of which were secured when the Bank of Canada’s key lending rate was at or below 1%. While interest rates have trended down since June 2024, from their two-decade…
The year started off with Greater Toronto Area (GTA) sales down by 7.9% and listings up by 48.6% compared to January 2024. The average selling price for all home types saw little change over the same time period, increasing slightly…
Despite a sluggish year, Toronto-area real estate prices ended 2024 just 1.6% lower than December 2023, with an average sale price of $1,067,186. Breaking sales prices down by segment, the average price of a detached home was $1,399,209, reflecting a…
Home sales across the Greater Toronto Area continued to rise in November, as more buyers jumped into the market due to lower borrowing costs. New listings were also up but by a much lesser annual rate. This meant market conditions…
After months of sluggish activity, the Greater Toronto Area real estate market saw sales surge across all asset classes in October. However, the number of properties that went under contract also swelled to 6,658, marking a 33% increase from September,…
Toronto-area home sales increased in September, indicating buyers are back house hunting and starting to take advantage of lower interest rates, but the kick-off month of the fall market performed more moderately than expected. Sales were up year-over-year by 8.5%,…
The malaise that has hung over the Greater Toronto Area (GTA) housing market since spring lingered in August, with the last full month of summer ending the selling season on a low note. Sales activity was sluggish compared to the…
The Greater Toronto Area real estate market saw a rise in buyer activity in July. Sales increased 3.3% compared to the same period last year. However, month-over-over, home sales fell 1.7% as buyers remained unmotivated, despite two consecutive interest rate…
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…
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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