March 2021 - Market Report
Posted on Apr 08, 2021 in Market Reports
Just when you think the Toronto residential resale market can’t reach new heights, it surprises us again. March was not only strong but it shattered records, something that is becoming a common occurrence. In March 15,652 homes were reported sold, an all-time monthly record and 97 percent more than the 7,945 properties sold last March. Even consider...
January 2021 - Market News
Posted on Feb 08, 2021 in Market Reports
Once again, the Toronto and area resale market delivered eye-popping results. As compared to last January sales were up by over 52 percent and the average sale price increased by almost 16 percent. In absolute numbers January produced an unprecedented 6,928 sales – there were only 4,546 last year – and the average sale price came in at $967,885 for...December 2020 - Market Report
Posted on Dec 31, 2020 in Market Reports
December’s Toronto and area residential marketplace exhausted all the superlatives that we would normally apply to a robust resale market. Not only was December’s housing market strong by historical standards, but it dramatically exceeded historic norms, performing more like a spring market than what we have come to expect of property sales during...November 2020 - Market Report
Posted on Nov 30, 2020 in Market Reports
The Toronto and area residential resale market continued its torrid pace in November, defying all expectations and forecasts. It wasn’t, however, homogenous in its performance, with different housing types and areas performing at dramatically different levels. Overall, reported sales for the greater Toronto area were up a scorching 24.3 percent comp...
October 2020 - Market Report
Posted on Oct 31, 2020 in Market Reports
It was no surprise that October’s resale market results continued the record pace that began in June. Reported sales hit a new high in October, with 10,563 residential properties trading hands during the month, a 25 percent increase compared to last year. Not only were sales volume at record levels, but average sale prices also continued their stea...September 2020 - Market Report
Posted on Sep 30, 2020 in Market Reports
We have run out of superlatives to describe the greater Toronto residential resale marketplace. Records have been broken consistently for the last few months, and September was no exception. Two records were shattered in September: most sales ever recorded for the month, and the highest average sale price for all properties reported sold. In Septemb...