Posts Tagged ‘Toronto luxury condos’
June 2022 Resale Statistics Released
Higher borrowing costs continued to impact home sales in June 2022. Sales totalled 6,474 – down by 41% compared to last year’s strong result. The number of transactions was also down compared to May 2022, but this is often the case due to t...
May 2022 Toronto Resale Market Statistics Released
Toronto housing market conditions continued to evolve in response to higher borrowing costs. Similar to April results, May 2022 sales were down on a monthly and annual basis. Conversely, active listings at the end of May were up on a month-over...
Q1 2022 Toronto Condo and Loft Market Report
Toronto condo and loft sales remained strong historically in Q1 2022. Seller’s market conditions remained in place with the average selling price increasing by more than 20% year-over-year. The Toromto Real Estate Board reported 7,932 sales...
April 2022 Resale Market Figures Released
The Toronto housing market continued its adjustment to higher borrowing costs, with the number of transactions down on a monthly and annual basis. As has been the case with previous rate tightening cycles, some home buyers have moved to the sid...
Toronto March 2022 Resale Market Statistics Released
There were almost 11,000 home sales reported in March 2022, capping off the third-best March and second-best first quarter on record. Tight market conditions continued to support a double-digit annual pace of price growth, with an average selli...
February 2022 Resale Market Statistics Released
February home sales were down compared to the all-time record in 2021, but represented the second-best result for the month of February in history. New listings dropped, but by a marginally lesser annual rate than sales, pointing to a modest mo...
Toronto Housing Market NOT in a Bubble, Says Bank of Canada
The Toronto housing market has been sizzling during the pandemic housing boom. Despite a tepid slowdown in the first couple of months of the COVID-19 public health crisis, Toronto has been soaring ever since. The word “bubble” has been wide...
January Resale Market Stats Released
Demand for ownership housing remained very strong from a historic perspective in January 2022. At the same time, listings remained in short supply, resulting in tight market conditions and very strong year-over-year price growth. There w...