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...
August 2020 - Market Report
Posted on Aug 31, 2020 in Market Reports
Another astounding month for the Toronto and area residential resale market place. August broke two records: one for most sale ever recorded for the month of August and two, the highest average sale price for all properties sold in the history of record keeping for the Toronto and area market place. Toronto and area realtors reported 10,775 sales in...
July 2020 - Market Report
Posted on Jul 31, 2020 in Market Reports
July’s residential resale market performance was record breaking. Almost 11,100 properties were reported sold, a 28 percent increase compared to the 8,679 properties sold a month earlier. Compared to July 2019, sales improved by almost 30 percent. There were 8,555 residential properties reported sold last year. July’s numbers are the clearest indic...May 2020 - Market News
Posted on May 31, 2020
The residential resale market recovered dramatically from the lows experienced in April. In April only 2,975 properties were reported sold for the entire greater Toronto area. A typical April market would produce 9,000 plus sales. April’s decline compared to April 2019 was a shocking 67 percent. In May the resale market demonstrated its resiliency...
April 2020 - Market Report
Posted on Apr 30, 2020 in Market Reports
The Toronto and area resale market performed as expected in April. As reported in our March report, the implementation of the emergency lockdown measures had a crushing impact on the resale housing market. With most businesses closed and more than three million Canadians unemployed there was no reason to believe that the resale market would miracul...