Toronto Market Update for April 2019

16 May 2019
Life and the City

New listings rose 8.2% last month in April compared with the same month last year, but at 12.2%, the annual growth rate of sales outpaced the rise in new listings. This dynamic means that market conditions are tighter, so price increases may accelerate.


Toronto Market Update for March 2019

12 April 2019
Life and the City

Last month in March, the average sales price for all property types combined across the 416 was $830,043, representing an 11.6% year-over-year decline. A 2% jump in inventory on the market lead to slightly more options for buyers, which was a contributing factor in this sales price decline. Meanwhile, the overall number of sales for all property types declined by 9% over March of last year.


Toronto Market Update for December 2018

09 January 2019
Life and the City

Toronto home sales in December of 2018 were down by 14% year-over-year, while sale prices continued to moderately grow. This is due, in part, to higher borrowing costs coupled with the new mortgage stress test, as well as lower inventory. Keep reading our December 2018 Toronto Market Update to learn more!


RE/MAX 2019 Housing Market Outlook Report

08 January 2019
Life and the City

Modest price increases are expected in 2019, as the RE/MAX 2019 Housing Market Outlook estimates the average sales price to increase by 1.7%. Housing markets across the country have stabilized in 2018, after the unprecedented increases in average sales price that many markets experienced in 2017. Continue reading to learn more about where the market is headed this coming year!


Toronto Market Update for November 2018

12 December 2018
Life and the City

Toronto largely remains a seller’s market as home sales fell nearly 14% in November, compared with a year ago, as sale prices continued to see moderate growth. This year-over-year decrease is likely the result of a temporary upward shift in demand that we experienced in November 2017, just before the new stress-test rules for federally regulated lenders came into effect in January of this year. Keep reading our November 2018 Toronto Market Update to learn more!


Toronto Market Update for October 2018

16 November 2018
Life and the City

Toronto home sales climbed in October as new listings fell, pushing prices higher and signalling the city's real estate market is tightening. TREB reported that 7,492 homes sold in the Greater Toronto Area last month, a 6% increase over October of last year. The average sale price for all types of homes climbed 3.5% on a year-over-year basis to $807,340. Keep reading our October 2018 Toronto Market Update to learn more!


RE/MAX Hallmark Q3 Toronto Housing Market Report

13 November 2018
Life and the City

The housing market in Toronto has been stabilizing over the course of the third quarter, following a sharp drop in the first two quarters after the implementation of various government regulations. Gradual improvements in prices since the second quarter with increased sales activities in suburbs, fall in Toronto and inventory increase in both areas. Continue reading to learn more about the Toronto housing market in the 3rd quarter of 2018!


August 2018 Toronto Market Update

25 September 2018
Life and the City

The Toronto real estate market last month in August performed better than a typical summer market, with an increase of 8% year-over-year in the average sale price for all property types across Toronto, and a 4.7% year-over-year increase in the average sale price for all markets across the GTA. Overall sales were down by 1.5% in Toronto last month, but GTA markets saw an increase of 8.5% year-over-year. Keep reading our August 2018 Toronto Market Update to learn more!


July 2018 Toronto Market Update

07 August 2018
Life and the City

There was strong growth for resale properties in Toronto last month in July, with sales up 18.6% year-over-year to 6,961 units. The Toronto Real Estate Board (TREB) reports that the average sales price was up 4.8% to $782,189, including a moderate rise for detached home types. Keep reading our July 2018 Toronto Market Update to learn more about the current market!


June 2018 GTA Market Update

18 July 2018
Life and the City

Last month in June, the Toronto real estate market saw a 4.9% increase in the average sale price year-over-year. Meanwhile, there was a 1.3% decrease in the number of sales, which is typical for this time of year. Looking at the GTA market as a whole, there were a number of interesting stats that emerged last month. Have a look at our summary to learn more...