Toronto Market Update for August 2019

11 September 2019
Life and the City

Last month in August, the Toronto market saw a surge in sales and a drop in inventory, leading to the largest price growth in 18 months. There was a flurry of activity at a time of year when the market typically slows down, and data shows that there were improvements for most sales numbers in August, year-over-year. Here's your Toronto Market Update for August 2019!


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 February 2018

14 March 2019
Life and the City

Toronto home sales were down last month in February, while selling prices continued to rise, as a result of very low inventory available on the market. Now, with the weather finally becoming more mild and spring-like, it's about that time of year when we begin we see more properties listed for sale - great news for inventory, and for buyers who have been waiting for the opportunity to find their perfect home.


Toronto Market Update for January 2018

19 February 2019
Life and the City

Last month in Toronto, we saw detached home prices decrease by 8.5% and townhome prices were down 9.9% from the same time last year. Meanwhile, sales prices for Toronto condos continued their upward trajectory with an increase of 8.8%, and semi's were up by 6% year-over-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!