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January 2024 Real Estate Market Update

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…

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December 2023 Real Estate Market Update

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…

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November 2023 Real Estate Market Update

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…

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October 2023 Real Estate Market Update

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…

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September 2023 Real Estate Market Update

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…

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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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