➕‘the numbers’ for October are in - and there was continued growth in a number of key #torontorealestate market indicators.  Of particular note, new listings were up +57% vs. October 2019, and the year-over-year gain in average price is up +11% vs. October 2019, and finally sales were also up +7%.
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However the October data does reveal some variation in market segments. “Competition between buyers of single-family homes, and particularly detached houses, remained strong last month and continued to support double-digit annual rates of price growth in many GTA neighbourhoods. In contrast, Condo buyers have benefitted from much more choice compared to last year. Pre-COVID polling had already pointed to an increase in investor selling in 2020. The pandemic only added to this trend with a stall in economic growth and a halt to tourism impacting cashflows for many investors,” said Lisa Patel, TRREB’s President.     ​

Looking to buy a home in Toronto?  Average prices in October were as follows:

➕Detached  $1,470,857
➕Semi-detached  $1,154,087
➕Townhouse $828,090
➕ Condo $668,161

Data presented is for Toronto Only.

➕‘the numbers’ for September are in - and #torontorealestate once again realized strong growth in a number of key market indicators resulting from improving economic conditions, low borrowing costs, and pent up demand.  Of particular note, new listings were up +49% vs. September 2019, and the year-over-year gain in average price is up +12% vs. September 2019, and finally sales were also up +19%.  Looking to buy a home in Toronto?  Average prices in September were as follows:

➕Detached  $1,487,122
➕Semi-detached  $1,145,559
➕Townhouse $868,005
➕ Condo $686,191
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Data presented is for City of Toronto Only.

📍‘The Numbers’ for August are in - and #torontorealestate realized record growth in a number of key indicators.   Of particular note, new listings almost doubled at +98% vs. August 2019, and the year-over-year gain in average price is up +24% vs. August 2019, and sales are up +15%.  Looking to buy a home in Toronto?  Average prices in August were as follows:

🅾 Detached  $1,505,100
🅾 Semi-detached  $1,166,226
🅾 Townhouse $834,222
🅾 Condo $673,174

The Numbers for June are in and #torontorealestate has realized substantial growth in a number of key indicators.  Sellers have returned to the market with new listings up 14% vs. June 2019.  Of particular note is the year-over-year gain in average price, up +12% vs. June 2019 - largely driven by semi-detached and detached sales. With 2 months of sustained month-over-month growth behind us, we predict a busier than usual summer market.

The Numbers for May are in  + a cautious path to market recovery has emerged. We’re beginning to see buyers + sellers coming back into the #torontorealestate market.  Though he number of sales + new listings in Toronto continue to be down vs. May of 2019 - both have increased 40-45% vs. last month.  Interestingly, prices continue to hold + show reasonable gains vs. last year - largely attributed to the low levels of inventory.  We know that 1 month does make a trend, however given our office activity, we’re expecting June to show continued growth!