📢In April 2024, the Greater Toronto Area (GTA) experienced a decline in home sales compared to the same month in 2023. However, there was a substantial increase in new listings, providing more options for home buyers. As a result, the average selling price remained relatively stable year-over-year. Here are the key points from the Toronto Regional Real Estate Board (TRREB)'s report:   📌Home Sales: There were 7,114 home sales in April 2024, down by five percent from April... [read more]

We are experiencing a buyer-friendly market in terms of prices and the number of listings in Toronto right now, especially in the downtown Toronto condo sector. In Mississauga, there's also a choice, to say the least. We anticipate that sales may remain steady throughout the winter, with a listings-to-sales ratio ranging from 30-40%. Sellers can expect their properties to be on the market for around 30 days. If the Bank of Canada lowers interest rates in 2024, activity will likely... [read more]

Greater Toronto Area (GTA) home sales and new listings were up on an annual and monthly basis in February 2024. Selling prices also edged upward compared to a year earlier. Population growth and a resilient regional economy continued to support the overall demand for housing. Higher borrowing costs kept home sales below the February sales record reached in 2021. “We have recently seen a resurgence in sales activity compared to last year. The market assumption is that the Bank of... [read more]

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-month basis. The seasonally adjusted average selling price and the MLS® Home Price Index (HPI) Composite benchmark were up compared to the previous month. “The demand for ownership housing is stronger than last year, despite higher borrowing costs. With this said, home sales were hampered last... [read more]

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 price remained virtually unchanged over the same period. On a seasonally adjusted monthly basis, sales and average price edged lower.   “Looking forward, we know there will be solid demand for housing – both ownership and rental – in the... [read more]