Recent Posts
Toronto March 2022 Resale Market Statistics Released
April 6, 2022
There were almost 11,000 home sales reported in March 2022, capping off the third-best March and second-best first quarter on record. Tight market conditions continued to support a double-digit annual pace of price growth, with an average selling price of $1.3 million. The average selling price dipped slightly month-over-month, bucking the regular seasonal trend. Now […]
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February 2022 Resale Market Statistics Released
March 9, 2022
February home sales were down compared to the all-time record in 2021, but represented the second-best result for the month of February in history. New listings dropped, but by a marginally lesser annual rate than sales, pointing to a modest move to a slightly more balanced market. Competition between buyers, however, remained tight enough to […]
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Toronto Housing Market NOT in a Bubble, Says Bank of Canada
March 3, 2022
The Toronto housing market has been sizzling during the pandemic housing boom. Despite a tepid slowdown in the first couple of months of the COVID-19 public health crisis, Toronto has been soaring ever since. The word “bubble” has been widely used by the media when reporting on the red-hot Canadian real estate market. This is […]
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January Resale Market Stats Released
February 6, 2022
Demand for ownership housing remained very strong from a historic perspective in January 2022. At the same time, listings remained in short supply, resulting in tight market conditions and very strong year-over-year price growth. There were 5,636 sales reported by the Toronto Real Estate Board in January 2022 – down by 18.2% compared to 6,888 […]
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Record Toronto Condo and Loft Sales in Q4
January 27, 2022
A record fourth quarter capped off a record year for Toronto condo and loft sales in 2021. While condo and loft listings were high from a historic perspective, it was not a record year on the supply side of the market. In fact, condo and loft buyers experienced some of the tightest market conditions in […]
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