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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

Greater Toronto Detached Real Estate Prices Dropped As Much As $178k Last Month

August 9, 2022

The Greater Toronto rollercoaster might be giving detached sellers that sinking feeling. Toronto Regional Real Estate Board (TRREB) data shows detached prices fell in July. The benchmark for single-family units fell by tens of thousands in the month. Some markets even saw prices fall over $100,000 in the 31 day period — yikes. But it’s […]

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Canada | Toronto

Ontario Consumer Insolvencies Jump Higher With The Lion’s Share In Toronto

August 5, 2022

Canada’s debt problem hit the pause button on consequences for the past couple years, but it’s back. Office of the Superintendent of Bankruptcy Canada (OSB) data shows a sharp uptick for consumer insolvencies in Q2 2022. The province’s biggest cities carried most of the growth, even making up for the drops seen in some smaller […]

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Canada | Toronto

Greater Toronto Real Estate Prices Fall Another $47,000, 2022 Gains Are Gone

August 4, 2022

Greater Toronto real estate is proving the old adage — risk happens fast. Toronto Regional Real Estate Board (TRREB) data shows the price of a typical home fell sharply in July. It was the fourth consecutive drop, coming in large enough to roll back all of 2022’s gains. Experts see the market experiencing challenges in […]

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Toronto

Toronto Real Estate Developers Sold Zero New Single-Family Homes Last Month

July 26, 2022

Toronto real estate is suddenly so cold zero new single-family homes sold in June, but inventory has yet to bounce.

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Toronto

How Slow Is Toronto Real Estate? Developers Only Sold 2 Single-Family Homes In May

July 18, 2022

Greater Toronto’s new housing market is slowing just as fast as existing-homes. Altus Group data shows new home sales fell sharply in May, while inventory levels have improved. New home inventory is still low compared to historical levels, but the drop in sales has been so sharp that it’s starting to erode price gains. Just […]

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Canada | Toronto

Toronto Real Estate Prices Dropped $56k Last Month, Down $130k From Peak

July 6, 2022

It feels like it was just a few weeks ago that we were writing about Toronto real estate’s massive gains. Oh, it was just a few weeks ago — price drops are just happening really fast. Toronto Regional Real Estate Board (TRREB) data shows home prices fell in June. Prices fell even faster than they […]

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Toronto

Greater Toronto Real Estate Has Seen Sale Prices Drop Up To $190,000 In Some Regions

June 15, 2022

Greater Toronto real estate sellers are learning a lot can change in just one month. Toronto Regional Real Estate Board (TRREB) data shows the median sale price dropped in May. The majority of cities across the board are now seeing price declines as rates normalize.  The Median Sale Price of Greater Toronto Real Estate Fell […]

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Toronto

Toronto Real Estate Prices Are $90,000 Lower But There’s A Catch

June 3, 2022

Canada’s largest real estate market is cooling down at a blinding speed. Toronto Regional Real Estate Board (TRREB) data shows home prices fell in May as sales tapered to more historic levels. Falling sales and rising inventory have officially pushed the market into a “buyer’s market,” where prices traditionally begin to drop.    Greater Toronto Real […]

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Toronto

Greater Toronto New Home Prices Fell Over $50k Last Month As Sales Cool

May 31, 2022

Greater Toronto new home prices are finally starting to cool. Data from Altus Group and BILD GTA shows new home prices fell in April. Fewer sales and more inventory definitely contributed to softer prices. However, inventory is still very tight compared to historic levels. More likely, the threat of rising rates deflated exuberance, driving prices […]

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Toronto

Greater Toronto Real Estate Prices Fell $22,000 Over Just A Few Days

May 4, 2022

Easy come, easy go. Greater Toronto real estate prices have been booming, but are suddenly changing course. Toronto Regional Real Estate Board (TRREB) data shows prices pulled back in April. Home sales plummeted much faster than inventory, easing the pressure driving prices higher. Greater Toronto homes went from rising tens of thousands per month to […]

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