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Tighter Market Conditions in January 2024 When Compared to the Previous Year February 8, 2024 Home sales were up in January 2024 in comparison to January 2023. This annual increase came as some homebuyers started to benefit from lower borrowing costs associated with fixed rate mortgage products. New listings were also up year-over-year but by a lesser annual rate compared to sales. The resulting tighter market conditions when compared to […] Read More
Better-Supplied Condo Market in Q4 2023 February 4, 2024 Fourth quarter 2023 condominium apartment sales in the Greater Toronto Area (GTA) remained low historically, as the demand for ownership housing continued to be hampered by affordability concerns brought about by high borrowing costs. Buyers who were active in the market benefitted from a substantial amount of choice. This meant that average selling prices were […] Read More
Toronto Resale December and Year-End 2023 Statistics Released January 22, 2024 While the overall demand for housing remained buoyed by record immigration in 2023, more of this demand was pointed at the rental market. The number of Toronto home sales in 2023 came in at less than 70,000 due to affordability issues brought about by high mortgage rates. High borrowing costs coupled with unrealistic federal mortgage […] Read More
Happy Holidays from Casey Ragan December 25, 2023     If you want to buy or sell a Toronto condo or loft, contact Casey Ragan at 416-486-5588 or by email at casey@remaxhallmark.com Casey Ragan “Toronto’s Condo Authority” Toronto Condos and Lofts Like Me on Facebook Follow Me on Twitter Link to Me on LinkedIn Read More
November 2023 Toronto Resale Market Statistics December 21, 2023 High borrowing costs and uncertain economic conditions continued to weigh on Toronto home sales in November 2023. Sales were down on a year-over-year basis, while listings were up from last year’s trough in supply. With more choice in the market, selling prices remained basically flat year-over-year. Inflation and elevated borrowing costs have taken their toll […] Read More
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