Archive for Toronto Real Estate News And Trends
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 buyers [...]
What do first-time Toronto homebuyers want?
And the answer is: a lot, according to a new survey by TD Canada Trust. Toronto first-time buyers are looking for all of the extras like additional bedrooms and all of the nicest appliances, but they intend to stick around for a lot longer than first-time buyers have in previous years. Instead of moving repeatedly [...]
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 – something we [...]
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 homes available in [...]
Toronto Real Estate Board Market Report For April 2010
April was another record sales month for the Toronto Real Estate Board but I think we’ve hit the peak right now. The listing inventory across Toronto and the GTA has increased by almost 25% in the last 45 days and should peak by the end of June.
Hopefully the days of multiple offers on every listing [...]
Toronto’s Real Estate Market Shows Some Encouraging Signs
March may be the month where the almost year-long drought of listings finally changes. Although records were set in the month for a number of things, the trend line indicates good news ahead for many buyers.
Record Toronto Real Estate Sales In March AND In The First Quarter Of 2010
It must be the ’summer’ in the air! Sales in March totalled 10,430 Toronto houses and condos – these are numbers not typically seen until April or May. This makes March 2010 a record month for real estate sales in the city. The closest previous March was way back in 2004 where 9,076 homes changed [...]
Toronto Real Estate Board Posts Record Sales In February
Although the official Toronto Real Estate Board statistics haven’t been released yet, preliminary estimates show that February had record sales above 7,200 houses and condominiums.
The closest February to that previously was 6,772 sales in 2007.
The main problem is inventory… there were just over 14,400 listings on the market during the month – down 32% from one year [...]
Low Toronto Real Estate Inventory Levels Set Stage For Busy Spring Market
Toronto’s real estate market has been plagued by a lack of homes on the market since mid-2009. That trend is continuing and is prevelent all across Canada.
