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September 2023 Toronto Condo and Loft Resale Report October 10, 2023 The impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth continued to weigh on Toronto condo and loft sales in September. However, despite the market being better-supplied with listings, the average selling price was up year-over-year. The short and medium-term outlooks for the Toronto condo and […] Read More
Toronto Condo and Loft August Resale Statistics Released September 13, 2023 Higher borrowing costs, continued uncertainty about the economy and Bank of Canada decision making, and the constrained supply of listings resulted in fewer Toronto condo and loft sales in August 2023 compared to August 2022. The average selling price remained virtually unchanged over the same period. On a seasonally adjusted monthly basis, sales and average […] Read More
Interest Rate Hikes Off The Table With Weak Q2 GDP Growth In Canada September 5, 2023 Here is some positive news in the mortgage world that will be well received (especially for the variable rate mortgage holders). Rate Hikes Are Definitely Off The Table The Canadian economy weakened surprisingly more in the second quarter than the market and the Bank of Canada expected. Real GDP edged downward by a 0.2% annual […] Read More
July 2023 Toronto Condo and Loft Resale Market Statistics Released August 7, 2023 Toronto condo and loft sales, new listings and home prices were up in July 2023 in comparison to July 2022. On a seasonally adjusted basis, the market experienced more balance in July compared to June, with sales trending lower while new listings were up. Toronto condo and loft sales continued to be above last year’s […] Read More
Q2 2023 Toronto Condo and Loft Market Statistics Released July 20, 2023 Market conditions in the Toronto condo and loft market segment tightened markedly in the second quarter of 2023. Sales were up strongly on a year-over-year basis, whereas the number of new listings was down sharply. With more competition between buyers, average Toronto condo and loft selling prices should climb above last year’s levels in the […] Read More
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