Toronto Real Estate Prices Fell An Average of $1k/Day, Down Over 15% From Peak
Greater Toronto real estate prices continued to fall in August, with the cost of a typical home now back to October 2021-levels.
Toronto Real Estate Prices Are $90,000 Lower But There’s A Catch
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 […]
Toronto Real Estate Prices Increased Another $50,000, Up Over $314,000 In A Year
Greater Toronto home prices are surging even faster after the central bank’s warning. Toronto Regional Real Estate Board (TRREB) data shows home prices soared in January. Low inventory and a long warning for interest rates, helped to drive demand to send prices to a new record. Warning people rates will rise months in advance appears […]
The Toronto Real Estate Bubble Now Has 1 In 59 Workers Selling Homes
The Canadian real estate boom has produced a gold rush, and now everyone is trying to sell you a home. It’s a country-wide phenomenon, as people see a low barrier of entry and large commissions. However, nowhere has taken to the trend like Toronto, which now has more Realtors than teachers. A lot more. Not […]
Toronto Real Estate Prices Soared $44,000 Higher Last Month As Growth Goes Parabolic
Greater Toronto real estate prices are moving at one of the fastest rates in history. Toronto Regional Real Estate Board (TRREB) data shows home prices hit a new record in November. The result was home prices soared by tens of thousands, printing a fifth of annual gains in just 30 days. Excess demand, driven by […]
Toronto Real Estate Is In A “Melt Up” As Frenzied Buyers Push Prices $46,000 Higher
Greater Toronto real estate prices were cooling but have reversed course post-election. Toronto Regional Real Estate Board (TRREB) data shows prices surged higher in October. Not a little either, but a typical home saw a monthly increase of nearly a year’s pay at the median wage. Stimulus driven pandemic demand met typical October inventory to […]
Toronto Real Estate Reverses Course Post-Election, and Jumps $23,000
Greater Toronto real estate prices are once again soaring after a post-election boom. Toronto Regional Real Estate Board (TRREB) data shows composite home prices climbed in September. Price growth had been decelerating after peaking in the summer, but accelerated suddenly. Only one month of acceleration is too early to say the slowdown has reversed. However, […]
Toronto Detached Home Prices Drop Over $11K In A Month, Everything Else Soars
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 […]
Canada’s Real Estate Industry Tells Agents It Will “Shut Down” Capital Gains Tax Talk
The Canadian government hasn’t discussed a capital gains tax on real estate, but the industry is already fighting it. Toronto Regional Real Estate Board (TRREB) sent a memo to their members this week. In the memo, they explain why they’ve taken an aggressive position against the yet to be proposed tax. It also happens to […]
Toronto Real Estate Prices Slip In December, But Suburban Prices Soar To Lift Index
Greater Toronto real estate prices had a really big finish to the year, just not in the City of Toronto. Toronto Regional Real Estate Board (TRREB) data shows home prices made a sharp increase in December. The monthly jump was only across the Greater region though, while the City’s index slipped lower. Almost all of […]
