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Tag: TREB

Toronto

Toronto Condo Sales Are Unusually Weak, Investors Capture A Larger Share

January 31, 2023

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 […]

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Toronto

Toronto Real Estate Prices Are Down $245k, City Fell Nearly 2x Faster Than Burbs

December 6, 2022

Greater Toronto real estate prices continue to fall, but City prices may have just taken a nosedive. Toronto Regional Real Estate Board (TRREB) data shows composite home prices fell in November 2022. The price of a typical home has dropped nearly a  quarter-million dollars since peaking earlier this year. With higher interest rates still to […]

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Canada | Toronto

Toronto Real Estate Prices Fell An Average of $1k/Day, Down Over 15% From Peak

September 3, 2022

Greater Toronto real estate prices continued to fall in August, with the cost of a typical home now back to October 2021-levels.

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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

Toronto Real Estate Prices Increased Another $50,000, Up Over $314,000 In A Year

February 3, 2022

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 […]

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Canada | Toronto

The Toronto Real Estate Bubble Now Has 1 In 59 Workers Selling Homes

December 30, 2021

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 […]

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Toronto

Toronto Real Estate Prices Soared $44,000 Higher Last Month As Growth Goes Parabolic

December 3, 2021

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 […]

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Toronto

Toronto Real Estate Is In A “Melt Up” As Frenzied Buyers Push Prices $46,000 Higher

November 4, 2021

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 […]

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Toronto

Toronto Real Estate Reverses Course Post-Election, and Jumps $23,000

October 5, 2021

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, […]

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Toronto

Toronto Detached Home Prices Drop Over $11K In A Month, Everything Else Soars

July 6, 2021

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 […]

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