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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 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, 2020September 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, 2020August 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, 2020August 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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Toronto

Toronto New Home Sales Doubled, Even With COVID-19 Pandemic Warnings

August 14, 2020

Greater Toronto real estate buyers rushed into the market, even amongst pandemic warnings. Altus Group data shows new home sales more than doubled in February. The impact on prices was mixed, as new single-family homes continued to fall. Condo apartment prices rallied to a new all-time high. The gap between the two narrowed to the […]

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Toronto

Toronto Real Estate’s Latest Problem Is Soaring Rental Inventory

August 12, 2020

Canadian real estate markets are about to see an explosion in rental inventory if Toronto is a sign. Toronto Regional Real Estate Board (TRREB) data prepared by real estate agent Daniel Foch shows an explosion of new listings for rental units in July. The number of new listings has reached a multi-year high, with a […]

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Toronto

Toronto Real Estate Joins The Flight To The Suburbs, As Inventory Rises In The City

August 6, 2020

Greater Toronto real estate is seeing a big jump in sales, and it’s mostly people fleeing to the burbs. Toronto Regional Real Estate Board (TRREB) data shows it was the most sales for July in at least a decade. The increase in sales was primarily driven by a surge in the 905, where inventory is […]

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Toronto

Greater Toronto New Home Sales Fall To Lowest Level In Over A Decade

July 29, 2020

Greater Toronto new home buyers are holding back, especially when it comes to condo apartments. Altus Group data shows prices increased in June, with new condos hitting a all-time high. The price increase was driven by low demand though, as sales almost completely halted. Fewer than one in five new homes were sold last month, […]

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Toronto

Toronto Condo Prices Fall From Peak As Inventory Rises To Highest Level In Years

July 27, 2020

Toronto real estate is seeing sales bounce, just not in the condo market. Toronto Regional Real Estate Board (TRREB) data shows condo apartment sales had the weakest June in over a decade. This led to prices falling from peak, as inventory went in another direction – hitting the highest level in almost four years. Greater […]

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