Greater Toronto real estate took one step forward and two steps back last month. TRREB data shows home sales climbed in July, hitting a 4-year high for the month. Firming home sales are an improvement, but it was far from a market recovery. Any progress was overshadowed by a sharp price drop and a new […]
Greater Toronto real estate demand continues to collapse and new homes are not immune. BILD and Altus Group data reveals new home prices climbed in June, with both single-family homes and condo apartments seeing an increase. The move was somewhat unusual considering it was the weakest sales on record for the month, combined with the […]
Toronto real estate is finding out it’s not invincible, after all. New Equifax data reveals Toronto CMA’s mortgage delinquency rate surged in Q1 2025. While rising delinquencies are a national story, this is very different from the normalization seen in other Canadian markets. Over the past few years, Toronto’s delinquency rate has more than tripled […]
Greater Toronto’s real estate industry may be optimistic about “firming,” but buyers disagreed last month. TRREB data shows real estate prices made a sharp downtick in June, after months of waiting for the market to firm. Last month’s sales marked the weakest June sales in 25 years, and its highest inventory on record. The board’s […]
Greater Toronto real estate developers found no relief from the market rut in May. BILD GTA and Altus Group data shows new home sales hit a record low in May, marking an 8th month of historically weak demand. Even though just a handful of new homes sold in a city of millions, sellers have been […]
Greater Toronto real estate just had the worst May on record—but you wouldn’t know it from prices. TRREB’s composite benchmark price (i.e. a typical home) climbed in May. Yes, climbed. The increase was unexpected, given that record-high inventory and weak sales made it the worst-performing May market in history. Toronto Real Estate Prices Climb Despite […]
The Greater Toronto Area (GTA) real estate downturn continued with new homes last month. Altus Group data shows April was the worst month for new home sales on record. Lofty inventory and weak demand continue to apply downward pressure on prices, though they remain sticky at current levels. With demand at a record bottom, that […]
Greater Toronto real estate just had its slowest start to the Spring market in more than a decade. Toronto Regional Real Estate Board (TRREB) data shows the typical home (composite benchmark) saw prices fall further in March. Last month saw a sharp decline in home sales, printing the weakest demand for the month in well-over […]
Greater Toronto real estate demand further eroded last month, but buyers likely didn’t notice. Toronto Regional Real Estate Board (TRREB) data shows home prices climbed in February. It wasn’t due to a lack of inventory, which hit the highest level since the 2008 Global Financial Crisis. Nor was it due to sales, which fell to […]
Greater Toronto real estate’s bad year ended even worse. Altus Group data showed Greater Toronto Area (GTA) developers saw demand slip further in December, as new home buyer incentives failed to stimulate new demand. As a result, the market accumulated the most year-end inventory in nearly a decade—nearly 2.5x the amount available in 2021’s tight […]
