Toronto Real Estate Blog

September Home Sales Improve Over Last Year TORONTO, ONTARIO, October 3, 2024 – Greater Toronto Area (GTA) home sales increased year-over-year in September. Buyers were starting to take advantage of more affordable  market conditions brought about by interest rate...

TORONTO, ONTARIO, August 6, 2024 – Greater Toronto Area (GTA) home sales in July 2024 were up compared to July 2023. While sales were up from last year, buyers continued to benefit from more choice in the GTA marketplace, with annual growth in new listings...

TORONTO, ONTARIO, July 4, 2024 – June 2024 home sales in the Greater Toronto Area (GTA) were lower compared to the same month last year, according to the Toronto Regional Real  Estate Board (TRREB). Despite the Bank of Canada rate cut at the beginning of last month,...

TRREB: Home Buyers Experience Less Competition in May TORONTO, ONTARIO, June 5, 2024 – May home sales continued at low levels, especially in comparison to last spring’s short-lived pick-up in market activity. Home buyers are still waiting for relief on the mortgage...

April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant there was increased choice for home buyers and little movement in the average selling price...

TRREB: Selling Prices Up In March and Set to Accelerate This Spring TORONTO, ONTARIO, April 3, 2024 – March 2024 home sales reported through TRREB’s MLS® System were lower than the March 2023 result, due in part to the statutory holiday Good Friday falling in March...

TORONTO, ONTARIO, January 4, 2024 – While the overall demand for housing remained buoyed by record immigration in 2023, more of this demand was pointed at the rental market. The number of Greater Toronto  Area (GTA) home sales in 2023 came in at less than 70,000 due...

TRREB: Elevated Borrowing Costs Taking a Toll on Housing Affordability TORONTO, ONTARIO, December 5, 2023 – High borrowing costs and uncertain economic conditions continued to weigh on Greater Toronto Area (GTA) home sales in November 2023. Sales were down on a...

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TRREB: Higher Borrowing Costs See Buyers Remain on Hold TORONTO, ONTARIO, November 2, 2023 – Lack of affordability and uncertainty remained issues for many would-be home buyers in the Greater Toronto  Area (GTA) in October 2023. As a result, sales edged lower ...

TRREB: HIGH INTEREST RATES IMPACTING THE MARKET, BUT POPULATION GROWTH WILL SOON SPUR DEMAND TORONTO, ONTARIO, October 4, 2023 – The impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth...

TORONTO, ONTARIO, September 6, 2023 – Higher borrowing costs, continued uncertainty about the economy and Bank of Canada decision making, and the constrained supply of listings resulted in fewer home  sales in August 2023 compared to August 2022. The average selling...

LACK OF LISTINGS LED TO TIGHTER GTA MARKET CONDITIONS IN JUNE TORONTO, ONTARIO, July 6, 2023 – Home sales and the average selling price in the Greater Toronto Area (GTA) in June 2023 remained above last year’s levels. Seasonally adjusted sales dipped on a month-over-...

TRREB: STRENGTHENING DEMAND AND LACK OF HOUSING SUPPLY PUSHES UP PRICES IN THE GTA TORONTO, ONTARIO, June 2, 2023 – The Greater Toronto Area (GTA) housing market continued to improve from a sales perspective in May 2023. Unfortunately, the supply of homes for sale did...

GTA SALES AND PRICE CONTINUE TO IMPROVE WHILE LISTINGS REMAIN CONSTRAINED TORONTO, ONTARIO, May 3, 2023 – The Greater Toronto Area (GTA) housing market continued to tighten in April 2023. On a year-over-year basis, sales edged lower compared to April 2022, but new...

TIGHT MARKET CONDITIONS PUSH UP COMPETITION IN THE GTA TORONTO, ONTARIO, April 5, 2023 – Greater Toronto Area (GTA) housing market conditions tightened in March 2023. Sales accounted for an increased share of listings in comparison to March 2022, suggesting that...

TORONTO, ONTARIO, FEBRUARY 3, 2023 – As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling  price were similar to December 2022. On a year-over-year basis, both...

TORONTO, ONTARIO, January 31, 2023 – Selling prices for condominium apartments bucked the overall downward trend in the housing market during the fourth quarter of 2022. The average selling price in Q4 2022 stayed in line with the average in Q4 2021. “While condo...

A LOOK BACK AT THE 2022 GTA HOUSING MARKET TORONTO, ONTARIO, January 5, 2023 – The Greater Toronto Area (GTA) housing market experienced a marked adjustment in 2022 compared to record levels in 2021. Existing affordability issues brought about by a  lack of housing...

TORONTO, ONTARIO, December 6, 2022 – Homeownership market activity in November continued to be influenced by the impact of higher borrowing costs on affordability. Sales were down markedly compared to  the same period last year, following the trend that unfolded since...

GTA REALTORS Release October Stats TORONTO, ONTARIO, November 3, 2022 – Despite the continued housing market transition to a higher borrowing cost environment, the average selling price in the Greater Toronto Area (GTA) found some support  near $1.1 million since the...

SUPPLY REMAINS AN ISSUE DESPITE IMPACT OF HIGHER MORTGAGE RATES TORONTO, ONTARIO, October 5, 2022 – The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs in September 2022. Sales for the month reached 5,038, but were down by...

GTA HOME SALES AND LISTINGS TREND DOWNWARDS IN JULY TORONTO, ONTARIO, August 4, 2022 – There were 4,912 home sales reported through the Toronto Regional Real Estate Board (TRREB) MLS® System in July 2022 – down by 47 per cent compared to July 2021.  Following the...

TRREB FORECASTS CURRENT MARKET CONDITIONS TO REMAIN OVER SUMMER TORONTO, ONTARIO, July 6, 2022 – Higher borrowing costs continued to impact home sales in June 2022. Sales totaled 6,474 – down by 41 per cent compared to last year’s strong result. The number of...

MARKET ADJUSTS TO HIGHER BORROWING COSTS IN APRIL TORONTO, ONTARIO, MAY 4, 2022 – The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs, with the number of transactions down on a monthly and annual basis. As  has been the...

TORONTO, ONTARIO, April 5, 2022 – There were almost 11,000 Greater Toronto Area (GTA) home sales reported in March 2022, capping off the third-best March and second-best first quarter on record. Tight market conditions continued to support a double-digit annual pace...

January 2022 Home Sales Dip from Last Year’s Record Result The market outlook for 2022 is calling for strong home sales in the Greater Toronto Area (GTA) with the average selling price expected to hit a new record. The latest polling  conducted for the Toronto...

GTA REALTORS® Release December 2021 Stats A record 121,712 sales were reported through TRREB’s MLS® System in 2021 – up 7.7 per cent from the previous 2016 high of 113,040 and up 28 per cent compared to 2020. Record demand last year was up against a constrained supply...

GTA HOME SALES HIT NEW NOVEMBER RECORD WHILE LISTINGS DROP TORONTO, ONTARIO, December 3, 2021 – Home sales reached a new record for the month of November, and the average selling price also reached a new all-time high. New listings were down substantially  compared to...

NEAR RECORD HOME SALES, LOW INVENTORY SUSTAIN STRONG PRICE GROWTH TRREB Calls for Housing Solutions as Demand Outweighs Supply TORONTO, ONTARIO, November 3, 2021 – Home sales in the Greater Toronto Area (GTA) reached the second-highest level on record for the month of...

GTA HOUSING DEMAND REMAINS STRONG IN AUGUST TORONTO, ONTARIO, September 3, 2021 – The Toronto Regional Real Estate Board (TRREB) is reporting the third-best sales result on record for the month of August. While the market has taken its regular summer  breather, it is...

July numbers show strong demand continues for home ownership in GTA TORONTO, ONTARIO, August 5, 2021 – With almost 9,400 sales reported in July 2021, demand for ownership housing remained well-above average for the time of year despite being below the record July...

THE PACE OF GTA HOME SALES SLOWS IN APRIL TORONTO, ONTARIO, May 5, 2021 – Home sales in the Greater Toronto Area (GTA) set a new record for April and amounted to more than quadruple that from April 2020 – the first full month of the pandemic. Bucking the regular...

TORONTO, ONTARIO, April 22, 2021 – Year-over-year growth in first quarter 2021 condominium apartment sales well outstripped growth in listings over the same period in the Greater Toronto Area (GTA). With  market conditions tightening, average condo prices for Q1 2021...

TORONTO, ONTARIO, April 22, 2021 – In the first quarter of 2021, average condominium apartment rents were down on a year-over-year basis, continuing to reflect a supply imbalance in favour of renters. However, year-over-year growth in rental transactions outstripped...

GTA REALTORS® Release February 2021 Stats Record home sales in the Greater Toronto Area (GTA) continued in February as buyers remained confident in their employment situations and took advantage of ultra-low borrowing costs. With multiple buyers continuing to compete...

TRREB Reports Strong November Single-Family Home Resales in the GTA Condo Market More Balanced With More Choice and Lower Selling Prices TORONTO, ONTARIO, December 3, 2020 – The record pace of home sales in the fall continued with 8,766 sales reported in November by...

GTA REALTORS® Release October Stats Home sales in the Greater Toronto Area (GTA) were up again year-over-year for the fourth month in a row. Our Members made 10,563 sales as reported through the Toronto Regional Real Estate Board’s MLS® System in October 2020. This...

TORONTO, ONTARIO, June 3, 2020 – Toronto Regional Real Estate Board President Michael Collins released the following key housing market statistics for May 2020: TRREB MLS® System Sales and New Listings • Greater Toronto Area REALTORS® reported 4,606 sales through...

MARKET STATISTICS TORONTO, ONTARIO, April 3, 2020 – Toronto Regional Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,012 home sales through TRREB’s MLS® System in March 2020 – up by 12.3 per cent compared to 7,132...

TORONTO, MARCH 4, 2020 – In line with the forecast contained in the Toronto Regional Real Estate Board’s recently released Market Year in Review and Outlook Report, TRREB President Michael Collins announced a very strong year-over-year sales and price growth in...

TRREB President Michael Collins announced that Greater Toronto Area REALTORS® reported 4,581 home sales through TRREB’s MLS®  System in January 2020 was up by 15.4 per cent compared to January 2019. On a preliminary seasonally adjusted basis, sales were up by 4.8 per...

TREB RELEASES DECEMBER MARKET FIGURES AS REPORTED BY GTA REALTORS® Toronto, January 7th, 2020 - Toronto Real Estate Board President Michael Collins reported that December 2019 residential sales reported through TREB’s MLS® System by Greater Toronto Area REALTORS® were...

TORONTO, December 4, 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB’s MLS® System in November 2019 – a 14.2 per cent increase compared to November 2018. On a GTA-wide basis,...

Toronto, October 16, 2019 - Toronto Real Estate Board President Michael Collins announced that TREB Commercial Network Members reported 6,295,432 square feet of leased space in Q3 2019 for all lease transactions types across the industrial, commercial/retail and...

TORONTO, October 3, 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS®  reported 7,825 sales through TREB’s MLS® System in September 2019. This result represented strong year-over-year sales growth of 22 per cent...

TORONTO, SEPTEMBER 5, 2019 – Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,711 residential sales through TREB’s MLS® System in August 2019. This result represented a 13.4 per cent increase compared to...

TORONTO, August 6, 2019 – Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,595 sales through TREB’s MLS® System in July 2019. This result was up by 24.3 per cent compared to July 2018. On a month-over-month...

TREB RELEASES RESALE MARKET FIGURES AS REPORTED BY GTA REALTORS® TORONTO, ONTARIO, April 3, 2019 – Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB’s MLS® System in March 2019....

TORONTO, ONTARIO, March 5, 2019 – Toronto Real Estate Board President Gurcharan (Garry) Bhaura announced that Greater Toronto Area REALTORS® reported 5,025 homes sold through TREB’s MLS® System  in February 2019. This sales total was down by 2.4 per cent on a...