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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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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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December 2022 Real Estate Market Update

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.…

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GTA Condo Rental Rates Hit Record High

Condominium apartment vacancy rates across the Greater Toronto Area have fallen dramatically since last year, resulting in ballooning rent prices. Average condo rents were up by double-digits annually for all bedroom types in the second quarter of 2022, surpassing record…

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