Strong demand continues into the new year as listings remained in short supply.   The Toronto Regional Real Estate Board reported 5,636 sales through the MLS System which is a 18.2% decrease compared to January 2021, however, it still marks the second-highest number of sales for this month.   As sales numbers dip year-over-year, it is expected that active listings are down as well. TRREB reported a staggering 44% decrease to 4,140, making it the lowest level... [read more]

How will rising interest rates & continued shortage of housing impact the remainder of 2022?    Is the market balancing out? Find out below what experts are saying...   The Toronto Regional Real Estate Board reported 10,955 home sales this March 2022, marking a 29.9% decrease year-over-year. While home sales were down year-to-year, the condominium apartment transactions dipped by a much lesser annual rate.    Despite home sales declining, the... [read more]

  If you are THINKING of putting your moving plans on hold - DON'T DO IT!      Home sales are slowing down in response to higher borrowing costs.    As the Bank of Canada increases interest rates, home buyers are becoming hesitant as prices continue to trend downwards in the short-term.   This is coupled with a sharp decrease of 38.8% in home sales year-over-year at 7,283 according to the Toronto Regional Real Estate... [read more]

  ALL-TIME HIGHS!   Average selling prices reached a new all-time high in the month of November 2021!   The Toronto Regional Real Estate Board reported a 21.7% increase in average selling price for all home types year-over-year, making it $1,163,323.   So why did we reach new highs?   #1 Low Inventory #2 Short-Term Policies   Continued low inventory has been a significant factor in contributing to increased home prices.... [read more]

  Record-breaking sales reported in 2021!   The 2021 real estate market has been on fire, to say the least. We are constantly breaking all-time highs in sales and home prices and they just don't seem to be slowing down.   The Toronto Regional Real Estate Board reported record sales of 121,712 in 2021 which is up 28% from 2020!   What caused the rise in sales despite home prices continuing to increase?   TRREB President Kevin Crigger... [read more]