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Toronto Housing Market: Fall 2021 Outlook October 13, 2021 The housing supply shortage is the prevailing theme in the Toronto housing market, much like the rest of Canada, where seller’s market conditions are present in 26 of 29 regions analyzed. These conditions are expected to continue in the fall, particularly as COVID-19 restrictions continue to ease. Young families are expected to continue driving demand […] Read More
September 2021 Resale Market Figures Released October 5, 2021 September marked the transition from the slower summer market to the busier fall market in Toronto. Every year, we generally see an uptick in sales, average selling price and listings after Labour Day, and September 2021 was no different. Sales increased relative to August and were also at the third-highest mark on record for the […] Read More
How Much is a Down Payment? September 22, 2021 How Much You Need For a Down Payment Down payment vs. deposit Calculating your minimum down payment Saving for a down payment Rising housing prices are putting some homebuyers into a tough spot. A 2021 RE/MAX report reveals some key barriers impacting personal housing affordability in Canada, according to consumers: a shortfall in salary (26%) the fear […] Read More
August 2021 Resale Market Figures Released September 5, 2021 The Toronto Real Estate Board reported the third-best sales result on record for the month of August. While the market has taken its regular summer breather, it is clear that the demand for ownership housing remains strong. At the same time, the supply of listings is down. The result has been tighter market conditions and […] Read More
July 2021 Resale Market Statistics Released August 6, 2021 With almost 9,400 sales reported in July 2021, demand for ownership housing remained well-above average for the time of year despite being below the record July result set a year earlier. Market conditions actually tightened relative to July 2020, with sales accounting for a greater share of new listings compared to last year. The sellers’ […] Read More
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