Archive for Market Update

July Toronto Real Estate Board Sales Lowest Since 2002

So is it just a traditional summer market slowdown or is it the harbinger of a long-term decline in Toronto real estate sales?  Only time will tell (hindsight is always 100%). Although the average Toronto house and condo sale price at $420,482 was up 6.3% over 12 months ago, it was down 3.5% from June [...]

July Toronto Real Estate Market Showing Signs Of A Traditional Summer (For A Change)

A combination of affordable mortgage rates and a plentiful real estate listing inventory make buying a Toronto house or condo now the best opportunity since March 2009.

Toronto’s Real Estate Market Slows In June… Continuing To Do So In July

As far as I’m concerned it had to happen sometime.  The foolishness of ‘manufactured’ multiple offers in Toronto had gone on for far too long and was hurting home buyers, not benefiting house or condo sellers and was wasting a lot of everyone’s time and energy. Motivated sellers will still get their homes sold and motivated [...]

Toronto Real Estate Home Sales In May Show Spring Market Is Over

The Toronto Real Estate Pendulum Is Swinging The Other Way Now Although sales of Toronto houses and condos were healthy in May, they dropped back to pre-2007 levels for the month.  The listing inventory hit above 25,000 for the first time since the fall of 2008. This now offers plenty of choice for buyers – [...]

Toronto Real Estate Market Peaked In April

As predicted last month, the May preliminary sales numbers show that we’ll have approx 9,330 Toronto houses and condos sales for the month.  This is the lowest number of sales for the month of May since 2005… remember the 11,146 sales we had in May of 2007? The listing inventory climbed about 13% to 25,490 [...]