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Category: Toronto

The hottest news and analysis on Toronto real estate. Here’s where you’ll find the latest home prices, and trending issues on housing in the Six.

Toronto

Toronto Condo Prices Down Over $20k From Peak, As Inventory Doubles

November 25, 2020

Greater Toronto real estate is on fire… just not condo apartments, which is seeing a lot of sellers. Toronto Regional Real Estate Board (TRREB) data shows condo apartment prices slid for a fifth month in October. Condo sales are fairly in line with last year’s numbers, except in the city. However, inventory has more than […]

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Toronto

Toronto Real Estate Prices Made A Massive Monthly Drop, While 905 Gets A Boost

November 4, 2020

The Greater Toronto real estate market divide is becoming more clear as city prices drop. Toronto Regional Real Estate Board (TRREB) data shows real estate prices in October were flat from a month before. While suburban 905 prices climbed, the City saw prices inch lower. This trend was amplified in Condo apartments, where City units […]

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Canada | Toronto

RE/MAX Turns Bearish On Toronto Condo Prices, Expects Declines Soon

October 21, 2020

One of the world’s largest real estate brokerages sees near-term risk for Toronto condos. RE/MAX weighed in on the recent market, and observed what a lot of people are seeing – a booming detached market, and a lot of condo apartment supply. The brokerage cites 3 drivers for this trend – urban flight, lower interest […]

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Toronto

Toronto Detached Real Estate Prices Rise, While Condos Slip Lower

October 6, 2020

Greater Toronto real estate continued its suburban winning streak. Toronto Regional Real Estate Board (TRREB) data shows aggregate price measures soared in September. The market isn’t quite so clear cut when dissected though. Most of the hot activity is in the detached home segment, which is seeing prices and sale volumes rip higher. Condo apartments […]

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Toronto

Toronto Condo Rental Inventory Is Soaring, and It Might Be Driving People To Sell

October 1, 2020

Toronto condo rentals are seeing the most inventory in recent memory. Toronto Regional Real Estate Board (TRREB) data prepared by Toronto Realtor Daniel Foch shows rental inventory is still much higher than usual in September. Meanwhile absorption is failing to keep up, potentially explaining the abrupt rise of condos for sale.  Toronto Condos For Rent […]

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Toronto

Toronto Condo Prices Have Fallen Over $12,000 From Peak, Despite Booming Sales

September 17, 2020

Greater Toronto’s condo market is booming, but prices slipped from all-time highs. Toronto Regional Real Estate Board (TRREB) data shows sales reached a multi year high for August. The rise in sales was nothing compared to the increase of inventory though. The rate at which inventory grew was 10x that of sales, knocking prices lower […]

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Toronto

Toronto Detached Prices Rise At The Fastest Pace Since 2017

September 10, 2020

Greater Toronto real estate has seen sales surge, and the detached market is leading the way. Toronto Regional Real Estate Board (TRREB) data shows detached sales nearly reached a record high in August. Most of the activity surge has been in the 905 suburbs, but the City’s buyers don’t seem to have noticed. The City […]

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Toronto

Toronto Real Estate Prices Rip Higher, As Inventory In The City Keeps Piling Up

September 3, 2020

Greater Toronto real estate’s brief pandemic lull is over, and the market is picking up where it left off. Toronto Regional Real Estate Board (TRREB) data shows prices reached a new all-time high in August. The increase comes even as sellers hit the market at a much faster pace than buyers. The suburbs are still […]

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Toronto

Toronto New Home Sales Drop Over 40%, But 905 Demand Surges Higher

August 26, 2020

Greater Toronto new home sales are on fire, everywhere but in the actual city. Data from Altus Group and BILD GTA shows new home sales had the biggest July in over a decade. Surprisingly, this trend is driven almost exclusively by suburban home sales. In the City of Toronto, new home sales have dropped by […]

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Toronto

Toronto Condo Sellers List At The Fastest Pace In Over 5 Years, New Listings Rise 57%

August 24, 2020

Toronto real estate has seen pent up demand drive sales higher, but the impact on condos has been limited. Toronto Regional Real Estate Board (TRREB) data shows a fairly large uptick for condo sales in July. The increased sales volume has been met with sellers hitting the market at the fastest pace in at least […]

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