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Sales Commentary August sales on TRREB were 10,775. This represented a 40% increase over August of last year. Some are reading too much into these numbers, trying to explain a ‘pandemic real estate boom’. The real story can be found…
Read more“Generally speaking, market conditions remained very tight in the GTA resale market in August. Competition between buyers was especially strong for low-rise home types, leading to robust annual rates of price growth. However, with growth in condominium apartment listings well-outstripping…
Read moreTREB MLS SALES Monthly with three previous years for comparison TREB MLS NEW LISTINGS Monthly with three previous years for comparison TREB MLS SALES-TO-NEW LISTINGS RATIO Monthly with three previous years for comparison TREB MLS AVERAGE RESALE HOME PRICE Monthly…
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Sales Commentary July was the biggest sales month of 2020 but also the biggest sales month ever for a July according to TRREB. This is the Spring market coming late. We also expect August numbers to be strong, with a…
Read more“Following very tight market conditions in 2018, we have seen a consistent trend toward balance in the GTA condominium apartment rental market over the past year-and-a-half. Accelerating growth in rental listings were at the root of this trend, but the…
Read more“It will be important to watch the relationship between condominium apartment sales and new listings as we move through the second half of 2020. If economic recovery is sustained, the demand for condo apartments will improve. However, the prospect of…
Read more“Competition between buyers continued to increase in many segments of the GTA ownership housing market in July, which fueled a further acceleration in year-over-year price growth in July compared to June. On top of this, we also experienced stronger sales…
Read moreTREB MLS SALES Monthly with three previous years for comparison TREB MLS NEW LISTINGS Monthly with three previous years for comparison TREB MLS SALES-TO-NEW LISTINGS RATIO Monthly with three previous years for comparison TREB MLS AVERAGE RESALE HOME PRICE Monthly…
Read moreYear-over-year growth in sales was reported in some areas and market segments. Especially notable were the detached and townhouse market segments in the GTA regions surrounding the City of Toronto. Average and benchmark selling prices were up year-over-year for all…
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