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August 2020 Resale Housing Statistics Released September 3, 2020 The Toronto Real Estate Board announced that the strong rebound in Toronto home sales continued with a record result for the month of August. TREB reported 10,775 residential sales in August 2020 – up by 40.3% compared to August 2019. Sales were up on a year-over-year basis for all major home types, both in the […] Read More
July 2020 Resale Market Report Released August 8, 2020 The Toronto Regional Real Estate Board reported 11,081 sales in July 2020 – a 29.5% increase over July 2019 and a new record for the month of July. On a preliminary seasonally adjusted basis, sales were up by 49.5% compared to June 2020. Year-over-year sales growth was driven by low-rise home types, particularly in the […] Read More
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
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