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Why Are Toronto Real Estate Prices Still So High? September 20, 2020 It might be hard to believe, but it has already been six months since the coronavirus pandemic forced Canada into lockdown. Despite the progress that has been made in the wake of the public health crisis, COVID-19 has severely disrupted the national economy and the country’s finances. It might be a couple of years until […] Read More
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
Toronto Housing Market Outlook (Fall 2020) August 30, 2020 Buyers have returned to the Toronto housing market after a brief but dramatic decline in activity at the start of the pandemic. The lockdown measures that began in mid-March put an abrupt hold on what was primed to be a busy spring market, but this “pandemic pause” proved to be temporary. Activity resumed in May […] 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
2020 Q2 Toronto Condo Market Statistics Released August 6, 2020 Toronto Regional Real Estate Board President announced that second quarter 2020 Toronto condo and loft sales amounted to 3,459 – down 50.8% compared to 7,024 sales in Q2 2019. The number of new Toronto condo and loft listings amounted to 8,717 in Q2 2020 – down 21.6% compared to 11,114 new listings entered in Q2 […] Read More
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