Toronto Real Estate Blog
September 2021 Real Estate Market Update
TIGHT GTA HOUSING MARKET CONDITIONS SUSTAIN STRONG PRICE GROWTH TORONTO, ONTARIO, October 5, 2021 – September marked the transition from the slower summer market to the busier fall market in the Greater Toronto Area (GTA). Every year, we generally see an uptick in...
August 2021 Real Estate Market Update
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 2021 Real Estate Market Update
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...
June 2021 Real Estate Market Update
TORONTO, ONTARIO, July 6, 2021 – June home sales were up compared to last year, but remained below the March 2021 peak and were lower than the number of transactions reported for May 2021, consistent with the regular seasonal trend. The average selling price in June...
May 2021 Real Estate Market Update
TORONTO, ONTARIO, June 3, 2021 – Residential transactions reported through TRREB’s MLS® System remained high in May 2021, but fell short of the 2016 record and were below this year’s March peak. Despite a slight ebb in sales over the last two months, market conditions...
Federal Government Announces Changes to the Qualifying Rates for Mortgages
Today the Office of the Superintendent of Financial Institutions (OSFI) announced it will move forward with a proposed new qualifying rate for uninsured mortgages, reinforcing the mortgage underwriting principles outlined in Guideline B-20. As of June 1, 2021, the...
April 2021 Real Estate Market Update
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...
Q1 GTA CONDO SALES RISE SUBSTANTIALLY
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...
Q1 RENTALS IN THE GTA REACHED A NEW RECORD DUE TO PENT-UP DEMAND
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...
March 2021 Real Estate Market Update
CONSUMER CONFIDENCE AND LOW INTEREST RATES DRIVE UP HOMES SALES IN GTA TORONTO, ONTARIO, April 6, 2021 - For the third straight month of 2021, record home sales continued in March across the Greater Toronto Area (GTA) with buyers taking advantage of favourable...
