Toronto Real Estate Market Update for August, 2022: Despite the recent softening of the real estate market due to rising interest rates and tougher mortgage stress tests, there was some renewed vitality last month.
Forma represents an opportunity to own a piece of history and dwell in an architectural masterpiece. Condominiums will offer bespoke finishes, sensational views and elevated amenities.
It’s so nice to be out and about in the city this summer. There’s lots of culture and community to appreciate. Here are some great ways to enjoy yourself in Toronto this season.
Toronto Real Estate Market Update for July, 2022: Following the Bank of Canada interest rate hike in mid-July (the highest single-day hike we’ve seen in over two decades), sales saw a significant decline. Even though new listings were down by 4 per cent on a year-over-year basis in July, buyers can benefit from the more balanced market and decent inventory at present.
Toronto Real Estate Market Update for June, 2022: In a departure from the typical high level of late spring activity in the real estate market, numbers have cooled off in both sales and prices, mainly due to higher borrowing costs. The bear market has likely affected buyer confidence and down payments. The summer may present somewhat of a holding pattern, with the possibility for inventory to increase substantially in September.
Toronto Real Estate Market Update for May, 2022: The recent balancing of the market has slowed bidding wars, giving buyers more negotiating power. Housing market conditions continued to shift in response to higher borrowing costs. Average home prices are currently considerably higher than this time last year, yet selling prices trended lower on a month-over-month basis.
MARKET UPDATE: After many months of similar news, there has been a significant shift. Sales activity made a considerable drop from the same time last year, with the overall MLS transactions on all housing types in the city of Toronto down 40 per cent.
The market is still going strong - there were nearly 11,000 home sales reported in March 2022 in the GTA. This represents the third-highest March on record, and caps off the second-best first quarter …
What the heck is hygge, you ask? Popularized in Denmark, hygge (pronounced “hoo-gah”), is way of appreciating life’s simple pleasures. The word hygge comes from a Danish word meaning "to give courage, comfort, joy".
Last week, Toronto City Council voted to expand permissions, giving the go-ahead for Garden Suites to be built on residential properties across the city. A Garden Suite is a detached housing unit, usually located in the rear yard, and is separate, or detached from the main house.
January 2022: Toronto Real Estate Market Update Market Update • January marked the second highest month in history for property sales recorded in the TRREB MLS system at 5,636, although the number was down 18.2% from the January 2021 peak.
Toronto Real Estate Market Update (December 2021 wrap-up): At the end of 2021, properties in the GTA reached an all-time high average selling price of $1,095,475 – an increase of 17.8 per cent compared to the previous 2020 record of $929,636.
A record 121,712 sales were reported through TRREB’s MLS® System in 2021 – up 7.7 per cent from the previous 2016 high of 113,040 and up 28 per cent compared to 2020.
The big story in September was the continuing lack of supply in the housing market. The month saw the third highest sales number on record, yet sales were down 18% from September 2020, mainly due to the lower number of new listings …
Year-over-year sales growth continues to outpace new listings growth. TRREB is revising the forecasted average selling price upward to $1,070,000 through 2021.
Big things are happening in Toronto Real Estate.