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Market Update for June 25

Market Update for June 25

Is the real estate market slowing down? We are getting asked that question a lot these days. A summer slowdown is normal for the real estate market as we transition from the intensity of the spring market into the summer market, and this shift happens almost every...

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Market Update for June 11

Market Update for June 11

Toronto-area home sales showed a slight cooling in May, which is traditionally the hottest month on the real-estate calendar. But home buyers were still feeling the heat last month as the average price for all types of houses and condos hit a record of $1.11 million —...

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Market Update for May 28

Market Update for May 28

What will downtown Toronto look like when the pandemic is over? Will the core regain its former glory? Among those who could work remotely, many swapped their micro-condos for houses with big backyards in small towns. The question is not whether downtown Toronto will...

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May 14 Market Updates

May 14 Market Updates

According to a May 7, 2021, report by the Canada Mortgage & Housing Corp. (CMHC), the agency predicts home prices could rise as much as 14% during the second year of the pandemic, as low interest rates continue and fuel demand across the country. The prediction is...

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Market Update for May 7

Market Update for May 7

Home sales in the GTA set a new record for April and more than quadrupled that from April 2020, the first full month of the pandemic. There were 13,663 sales through the MLS system for April up a staggering 362% compared to April of 2020. New listings followed a...

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Market Update for April 30

Market Update for April 30

There are early signs that the rental market may be starting a comeback. In the first quarter of 2021, average condominium apartment rents were down on a year-over-year basis, however growth in rental transactions outstripped growth in the number of units listed over...

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Market Update for April 23

Market Update for April 23

Toronto’s condo sales recovery began in December and is continuing to build momentum with significant volume and strong double-digit sales growth. While the condo market was slower to recover compared to the freehold sector, there has been a marked increase in condos...

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