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Broadly speaking, increased competition between buyers for available properties has resulted in relatively strong price growth above the rate of inflation for semi-detached houses, townhouses and condominium apartments. However, the single-detached market segment, which has arguably been impacted most by…
Read more“The condominium apartment rental market also remained quite tight in the second quarter, with average rents for one-bedroom and two-bedroom apartments increasing above the rate of inflation on a year-over-year basis. However, we have seen an acceleration in the number…
Read more“Buyers started moving off the sidelines in the spring, as evidenced by strong year-over-year price growth throughout the second quarter. However, because we saw virtually no change in the number of new listings, market conditions tightened and price growth picked…
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Toronto Market Report – Sales Commentary The head line from TREB’s Report was over 9,000 sales in April – up 17% over April of last year. This was the biggest sales month since May of 2017. In our previous Report,…
Read moreThe OSFI stress test continues to impact home buyers’ ability to qualify for a mortgage. TREB is still arguing that the stress test provisions and mortgage guidelines generally, including allowable amortization periods for insured mortgages, should be reviewed. – Garry…
Read more“Market conditions have remained tight enough to support a moderate pace of price growth. Despite sales being markedly lower than the record levels of 2016 and early 2017, the supply of listings has also receded. This means that in many…
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Toronto Market Report – Sales Commentary February sales as reported by The Toronto Real Estate Board were disappointing. At just over 5,000 units, that was 2.4% lower than February of last year. The uptick from January was 26%, versus a…
Read more“Home sales reported through TREB’s MLS® System have a substantial impact on the Canadian economy. A study conducted by Altus for TREB found that, on average, each home sale reported through TREB resulted in $68,000 in spin-off expenditures accruing to…
Read moreThis year’s report is all about envisioning housing options and supply for liveable communities. In addition to sharing the latest Greater Toronto Area housing market and commercial real estate data, TREB worked with several partners to contribute insightful research on…
Read more“Home types with lower average price points have been associated with stronger rates of price growth over the past few months. Given the impact of the OSFI-mandated mortgage stress test and higher borrowing costs on affordability, it makes sense that…
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