Greater Toronto real estate buyers are returning, but the market has a long way to go. Toronto Regional Real Estate Board (TRREB) data shows that both sales and home prices climbed in November. The positive market news is overshadowed by the unusually lofty levels of inventory that continue to rise. Rising prices demonstrates FOMO is […]
The Greater Toronto real estate price boom continued to unwind last month. Toronto Regional Real Estate Board (TRREB) data shows the price of a composite benchmark (typical) home fell once again in October. Prices have now rolled back to where they were 3-years ago, falling nearly half the cost of a home just 10-years prior. […]
The Greater Toronto real estate rut continued last month. Toronto Regional Real Estate Board (TRREB) data shows the price of a typical home fell once again in September. Despite a mild improvement in sales, inventory climbed much faster helping to apply further downward pressure on prices. The benchmark is now within spitting distance of prices […]
Swing and a miss—strike two for interest rates boosting Greater Toronto real estate demand. Toronto Regional Real Estate Board (TRREB) data shows home prices slipped lower in July. Despite a narrative of rapid population growth, demand remains historically weak as sellers appear in near record high volumes for the month, only to find one of […]
Last month provided more evidence that Canadian real estate markets are credit driven. Toronto Regional Real Estate Board (TRREB) data shows home prices made a massive jump in March. Was it fewer listings and strong sales that drove a typical home’s price almost $20k higher in a single month? Nope, it was just good old […]
Greater Toronto real estate is unlikely to have a Christmas rally like some had hoped. Toronto Regional Real Estate Board (TRREB) data shows home prices fell further in November. Home sales continue to fall while inventory builds, easing market conditions. In fact, the erosion of market pressures is occurring at one of the fastest rates […]
Greater Toronto real estate agents have been dropping anecdotal evidence the market is firming. It might be true, according to the latest composite benchmark prices presented by the Toronto Regional Real Estate Board (TRREB). Home prices generally fell across the region, except in the most dense part—the actual City of Toronto. In the City, the […]
Toronto real estate was declared the world’s largest bubble by UBS just a few months ago, now prices are crashing.
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 […]
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 […]
