Recent Posts
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. […]
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Toronto Luxury Real Estate Report (2023)
April 20, 2023
LUXURY REAL ESTATE SALES CLIMB AS PENT-UP DEMAND BUOYS ACTIVITY Limited inventory has placed upward pressure on values and prompted a new round of competitive offers on well-priced homes in desirable areas Heated home-buying activity is spilling into luxury segments in major Canadian housing markets as supply constraints spark new rounds of competition. Much […]
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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 […]
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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 […]
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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 […]
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