Market Update for July 31

Market Update for July 31

Toronto new condo sales fell to their lowest level as developers stopped launching projects when Covid shuttered the economy and slowed home building. There were only 1,385 new condo sales in April, May and June, the weakest activity since 2009 when the U.S. housing...

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July 24th Market Update

July 24th Market Update

The Ontario government has lifted the ban on public open houses effective today in regions entering Stage 3 and Toronto is expected to follow suit by the end of the month. But is this such a good idea? Will sellers allow them? And will buyers attend? And what about...

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July 10 Market Updates

July 10 Market Updates

Toronto home sales rebounded in June, with the average selling price up 12% from the same month last year to $1,022,138. (first time we have surpassed $1 million) For the GTA region, the average price of a home hit $930,869 also up 12%. Competition is heating up again...

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Market Update for June 19

Market Update for June 19

As with each passing year, 2018 was filled with its fair share of ups and downs. As we move forward into 2019, what will be in store for the real estate market in the GTA? Will there be calm and chaos? The big question now is how much will interest rates rise and will...

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June 12 Market Update

June 12 Market Update

Open houses have been suspended throughout the COVID-19 pandemic and while real estate services were declared essential and have continued uninterrupted, agents have innovating methods for home-showings like Facebook Live, 3-D video tours, Zoom and a good portion of...

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June 5 Market Update

June 5 Market Update

Home sales are showing signs of improvement in the Toronto real estate market, but economists say it's far too early to feel optimistic about the possibility of recovery from the devastating effects of COVID-19. Activity in the region improved in May compared with...

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