March Market Watch

Wednesday May 4th, 2022

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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 case with previous rate tightening cycles, some home buyers have moved to the sidelines to determine how they will reposition themselves in the marketplace given the higher rate environment and related impact on affordability.   “Based on the trends observed in the April housing market, it certainly... [read more]

Rent Prices In Toronto Expected To Get Worse

Tuesday May 3rd, 2022

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According to real estate market experts, the housing market will continue to thrive as supply is in short supply compared to demand. Therefore, rental prices will continue to rise. Things will get worse as more immigrants are expected to come to the area and more offices will encourage their staff to return to their offices within the next few months. Think about investment property for rent. [read more]

Ontario to Allow Buyers to See All Bids on Real Estate Sales, But Only if the Seller Agrees

Wednesday Apr 20th, 2022

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Home-sellers in Ontario will soon have the option of allowing their real estate agents to share the contents of competing offers with the buyers bidding on their properties.   The current system of blind offers leads to bidding wars that some say contribute to soaring home prices in the Toronto region because buyers don’t know how much more they need to exceed the next highest offer.   The Ontario government is introducing new real estate regulations that will allow... [read more]

TRREB Forecast Update

Thursday Jul 15th, 2021

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TRREB released its initial forecast for 2021 at the beginning of February in conjunction with its annual Market Year in Review and Outlook report. The outlook for 2021 called for 105,000 transactions reported through TRREB’s MLS® System with an average selling price of $1,025,000. The reasoning underlying the sales forecast was that an improving regional economy and very low borrowing costs would continue to fuel strong demand, but this demand would ebb somewhat in 2021 because of... [read more]

TRREB RELEASES MAY RESALE HOUSING MARKET REPORT

Friday Jun 5th, 2020

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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 TRREB’s MLS® System in May 2020. This result was down by 53.7 per cent compared to May 2019. • While the number of sales was down substantially on a year-over-year basis due to the continued... [read more]

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