toronto real estate News and Articles | My Blog
12/5/2024 | Posted in Toronto Real Estate by Paul DeAdder
While the Greater Toronto Area is expected to see a bump in home prices in 2025, condo prices will not recover next year, according to a new report by Royal LePage.
... MoreGTA Home Sales Up Substantially in November
12/4/2024 | Posted in GTA Real Estate by Paul DeAdder
Greater Toronto Area (GTA) home sales increased strongly on a year-over-year basis in November 2024. Many buyers benefitted from more affordable market conditions brought about ... More
TRREB: Sales and Average Selling Price Increases in October
11/6/2024 | Posted in GTA Real Estate by Paul DeAdder
Greater Toronto Area (GTA) home sales increased strongly year-over-year in October 2024. Over the same period, new listings were up, but by a lesser annual rate. The result was ... More
TRREB: September Home Sales Improve Over Last Year
10/3/2024 | Posted in GTA Real Estate by Paul DeAdder
Greater Toronto Area (GTA) home sales increased year-over-year in September. Buyers were starting to take advantage of more affordable market conditions brought about by ... More
Rate cuts have yet to budge GTA housing market: RBC
9/10/2024 | Posted in Canadian Housing Market by Paul DeAdder
While the Bank of Canada may be lowering interest rates, the move is not having an immediate effect on Canada‘s housing market, an economist at one of Canada’s ... More
TRREB: GTA Housing Market Becoming More Affordable
9/5/2024 | Posted in GTA Real Estate by Paul DeAdder
Greater Toronto Area (GTA) home sales were down on a year-over-year basis in August 2024. New listings were up slightly over the same period. While the region’s housing ... More
TRREB: Buyer Activity Increases Slightly in July
8/6/2024 | Posted in GTA Real Estate by Paul DeAdder
Greater Toronto Area (GTA) home sales in July 2024 were up compared to July 2023. While sales were up from last year, buyers continued to benefit from more choice in the GTA ... More
TRREB: June Home Buyers Eying Further Interest Rate Relief
7/4/2024 | Posted in GTA Real Estate by Paul DeAdder
June 2024 home sales in the Greater Toronto Area (GTA) were lower compared to the same month last year, according to the Toronto Regional Real Estate Board (TRREB)
... MoreHome Buyers Experience Less Competition in May
6/5/2024 | Posted in GTA Real Estate by Paul DeAdder
May home sales continued at low levels, especially in comparison to last spring’s short-lived pick-up in market activity as home buyers are still waiting for relief on ... More
Toronto will allow townhomes, small apartments on major streets
5/25/2024 | Posted in Toronto Real Estate by Paul DeAdder
Move will open up housing options and build density
... MoreTRREB: More Choice for Home Buyers in April
5/3/2024 | Posted in GTA Real Estate by Paul DeAdder
April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant ... More
Selling Prices Up In March and Set to Accelerate This Spring
4/3/2024 | Posted in GTA Real Estate by Paul DeAdder
Greater Toronto Area (GTA) REALTORS® reported 6,560 sales through TRREB’s MLS® System in March 2024 – down by 4.5 per cent compared to March 2023.
... MoreTRREB: Buyers Re-Enter the GTA Housing Market in February
3/5/2024 | Posted in GTA Real Estate by Paul DeAdder
Greater Toronto Area (GTA) home sales and new listings were up on an annual and monthly basis in February 2024. Selling prices also edged upward compared to a year earlier. ... More
Toronto home sales up in February from last year as consumers eye rate cuts: TRREB
3/5/2024 | Posted in GTA News by Paul DeAdder
Greater Toronto home sales and listings were up in February from last year, but adjusted sales were down from a month earlier, the region's real estate board said ... More
Toronto home prices up 42 per cent over last five years, cost of living up 17 per cent: report
2/29/2024 | Posted in Canada Living by Paul DeAdder
The cost of living in Toronto went up nearly 20 per cent between 2017 and 2022 – but that’s less than half the increase seen in the city’s housing prices over ... More
Housing prices expected to hit 'bottom' in Toronto this spring: RBC report
2/12/2024 | Posted in GTA Real Estate by Paul DeAdder
Canada is seeing “early signs” of a housing market upturn and Toronto could see prices bottom out this spring, a recent report from the Royal Bank of Canada ... More
GTA REALTORS® Release January 2024 Stats
2/6/2024 | Posted in GTA Real Estate by Paul DeAdder
Home sales were up in January 2024 in comparison to January 2023. This annual increase came as some homebuyers started to benefit from lower borrowing costs associated with ... More
TRREB Releases 2023 Q4 Rental Market Statistics
1/31/2024 | Posted in Rental Market by Paul DeAdder
Condominium apartment leasing activity continued to be strong in the fourth quarter of 2023 according to the latest data released by TRREB. The number of lease transactions ... More
The 2023 GTA Housing Market: High Borrowing Costs and Growing Affordability Challenges
1/4/2024 | Posted in GTA Real Estate by Paul DeAdder
While the overall demand for housing remained buoyed by record immigration in 2023, more of this demand was pointed at the rental market. The number of Greater Toronto Area ... More
Here is what may be in store for Toronto's housing market in 2024
1/3/2024 | Posted in Toronto Real Estate by Paul DeAdder
If history is any guide, once people buy into the notion that interest rates are going to be declining, you will start to see noticeable movement back into the market… ... More
Elevated Borrowing Costs Taking a Toll on Housing Affordability
12/5/2023 | Posted in GTA Real Estate by Paul DeAdder
High borrowing costs and uncertain economic conditions continued to weigh on Greater Toronto Area (GTA) home sales in November 2023. Sales were down on a year-over-year basis, ... More
Higher Borrowing Costs See Buyers Remain on Hold
11/2/2023 | Posted in GTA Real Estate by Paul DeAdder
Lack of affordability and uncertainty remained issues for many would-be home buyers in the Greater Toronto Area (GTA) in October 2023. As a result, sales edged lower compared ... More
Home resales fall by 1.9 per cent across Canada, new listings on the rise: RBC
10/17/2023 | Posted in Canadian Housing Market by Paul DeAdder
Home resales fell by 1.9 per cent across Canada in September, the third month in a row that resale rates have dropped, according to a new report by RBC.
... MoreHigh Rates Impacting Market, but Population Growth Will Soon Spur Demand
10/4/2023 | Posted in GTA Real Estate by Paul DeAdder
The impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth continued to weigh on Greater Toronto ... More
Council votes to permit multiplexes in all Toronto neighbourhoods
9/19/2023 | Posted in Toronto Real Estate by Paul DeAdder
Multiplexes will now be permitted to be built across Toronto after being approved by councillors on Wednesday in a bid to create more housing options.
... MoreHigher Borrowing Costs Continue to Impact Housing Market in August
9/6/2023 | Posted in GTA Real Estate by Paul DeAdder
Higher borrowing costs, continued uncertainty about the economy and Bank of Canada decision making, and the constrained supply of listings resulted in fewer home sales in ... More
Toronto housing market would stay unaffordable even in deep recession: report
9/5/2023 | Posted in Toronto Real Estate by Paul DeAdder
Housing affordability in Toronto would remain strained even in the event of a deep economic recession, a new Desjardins analysis has found, highlighting the challenge ahead in ... More
Detached home prices declined in all but four of Toronto's neighbourhoods last quarter: report
8/22/2023 | Posted in GTA Real Estate by Paul DeAdder
Fuelled by a drop in prices, there was a “short burst of home-buying activity” in the Greater Toronto Area (GTA) during this year’s second quarter, but it was ... More
GTA Real Estate Market More Balanced in July
8/3/2023 | Posted in GTA Real Estate by Paul DeAdder
Greater Toronto Area (GTA) home sales, new listings and home prices were up in July 2023 in comparison to July 2022. On a seasonally adjusted basis, the market experienced more ... More
Home sales up 25% from last year, but supply remains low: Toronto real estate board
6/3/2023 | Posted in GTA Real Estate by Paul DeAdder
The slowdown in Toronto's housing market continued to slip away last month as home sales came in higher than they were a year ago and prices edged closer to pandemic ... More
