Greater Toronto condo owners holding out for the monetary easing cycle got some bad news last month—it didn’t matter. Toronto Regional Real Estate Board (TRREB) data shows the benchmark (typical) condo apartment price plunged lower in September. The declines aren’t softening either, instead picking up pace and making one of the largest monthly drops on […]
Greater Toronto real estate didn’t get a boost from the rate cut cycle that kicked off last month, as the industry hoped. TRREB data shows home prices dropped further as June sales printed the lowest level in decades. Condo demand has become so weak that one bank warned investors that frustrated sellers are canceling listings at […]
Greater Toronto real estate has seen new home sales collapse, but prices have been sticky. That’s beginning to turn, according to February data provided by Altus Group. Falling sales and rising inventory are finally chipping away at prices. However, recent gains since 2020 remain significant despite doubling inventory and halving sales. Greater Toronto New Home […]
The Greater Toronto real estate downturn has only had a limited impact on the condo market. That was the view in the condo market report shared by the Toronto Regional Real Estate Board (TRREB). In general, easing inventory and higher interest rates have resulted in relatively stable prices. The market is also significantly better supplied […]
Greater Toronto real estate is doing some soul searching after soaring mortgage costs. Data from Altus Group and developer-group BILD GTA show new home sales cratered in March. Demand dropped across segments, but so did inventory. Despite scarce inventory, single-family home prices still saw the benchmark price drop. Toronto Single-Family Home Prices Slip, But Condos […]
More Canadians are looking to buy condos, but they’re being warned not all are equal. The Canadian Institute of Actuaries (CIA) released a study on condo reserves this week. In the 140-page report, the organization warns low reserves often create misleading overvaluations. Over the long run those values may not benefit the current owners though. […]
Toronto condo prices are falling, according to the country’s biggest real estate board. Though people are bidding over ask, and inventory is tightening, paradoxically. That’s what the Toronto Regional Real Estate Board (TRREB) data shows for July. The mix of indicators all adds up to a balanced market, but the picture of where it’s heading […]
Greater Toronto real estate may be approaching its peak. Toronto Regional Real Estate Board (TRREB) data shows the benchmark price generally climbed in June. Instead of moving all in one direction like the past few months though, it broke into segments. The 905 is doing much better than the City, which continues to underperform. So […]
Canadian condo prices had a slow start compared to detached homes, but they’re now ripping higher. Canadian Real Estate Association (CREA) data shows prices hit a record high in April. The typical condo apartment has seen prices advance by double digits just last month. Some markets have now produced annual gains well into the six […]
Greater Toronto new home prices slipped, as inventory helped to ease pricing pressure. BILD GTA, a local developer group, said sales climbed in April, especially in the condo segment. Higher inventory helped to attract more buyers, but also contributed to lower prices. New home prices fell up to $48,000 in just one month. A hefty […]