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April 2023 Toronto Resale Market Statistics Released May 8, 2023 The Toronto condo and loft market continued to tighten in April 2023. On a year-over-year basis, sales edged lower compared to April 2022, but new listings were down by more than one-third. Fewer listings relative to sales meant there was more competition between buyers, supporting an improvement in selling prices since the beginning of this […] Read More
Q1 2023 Condo Market Statistics Released April 29, 2023 In line with the general market trends, Toronto condo and loft sales and the average selling price were lower in the first quarter of 2023 compared to the same period in 2022. However, strong population growth, tight rental market conditions and improved first-time buying intentions will result in renewed growth in condo sales moving forward. […] Read More
March 2023 Toronto Resale Market Statistics Released April 5, 2023 Toronto condo and loft market conditions tightened in March 2023. Sales accounted for an increased share of listings in comparison to March 2022, suggesting that competition between buyers is on the rise. The average sale price was above the average list price for the first time since May 2022. As we moved through the first […] Read More
February 2023 Toronto Resale Market Statistics Released March 23, 2023 February sales in Toronto were down substantially from the pre-rate hike levels of early 2022. However, the number of new listings also dropped substantially year-over-year. The result was that the average selling price and MLS® HPI continued to level off after trending lower through the spring and summer of last year. It has been almost […] Read More
Resale Market Statistics Released for January 2023 February 4, 2023 As we moved from 2022 into 2023, the Toronto condo and loft market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. On a year-over-year basis, both sales and prices were down markedly, continuing to highlight the impact of higher borrowing costs on affordability over […] Read More
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