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How Do You Win a Bidding War? July 13, 2020 Up until mid-March 2020, Toronto real estate was on track for a busy spring market. As the pandemic hit and social distancing measures took effect, the resulting business closures and greater economic uncertainty lead to a dramatic (albeit temporary) downturn for home sales across the country and around the world. Interestingly, Toronto’s decline in transactions […] Read More
June 2020 Resale Market Statistics Released July 9, 2020 The Toronto Regional Real Estate Board reported 8,701 sales in June 2020. This result represented a very substantial increase over the May 2020 sales result, both on an actual (+89 per cent) and seasonally adjusted basis (+84 per cent), and was only down by 1.4% compared to June 2019. Year-over-year growth in sales was reported […] Read More
Toronto Real Estate | Growing Population and Low Inventory Persist June 29, 2020 Toronto real estate is in high demand, and pressure on existing housing supply is expected to continue mounting as people flock to the city in search of home. For the second year running, Toronto’s population has been ranked as the fastest growing in all of North America. This is according to a new report by Ryerson University’s […] Read More
April 2020 Resale Market Figures Released May 5, 2020 The Toronto Regional Real Estate Board reported 2,975 residential transactions, this result was down by 67% compared to April 2019. Weekday sales remained within a relatively steady range during the month, averaging 130 per day. New listings amounted to 6,174 in April 2020 – down on a year-over-year basis by a similar rate compared to […] Read More
What is Happening in the Toronto Real Estate Market? May 2, 2020 As the coronavirus pandemic unfolds, it continues to change the way people work and live. The outcomes of the situation have affected the Toronto real estate market. Due to the market lag effect we likely won’t know how much the market will be affected until further down the line. The real estate industry is considered […] Read More
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