By: Zan Molko

Covid-19 impacted 2020 Toronto Real Estate Sales

Tags: WHAT WOULD HAVE HAPPENED TO THE TORONTO REAL ESTATE MARKET IF COVID-19- NEVER HAPPENED?

    Things would have been different for the Toronto Real Estate Market if Covid-19 never happened! Since I have been tracking the Toronto Real Estate Market and trends for the past 28 years, I cannot help but wonder…had COVID-19 not happened, would this year have ended the same way with 6 record-breaking months in a row?? My answer is... probably not. The ...Read More

By: Zan Molko

Covid-19 impacted 2020 Toronto Real Estate Sales

Tags: What would have happened to the Toronto Real Estate Market if Covid-19- never happened?

Things would have been different for the Toronto Real Estate Market if Covid-19 never happened! Since I have been tracking the Toronto Real Estate Market and trends for the past 28 years, I cannot help but wonder…had COVID-19 not happened, would this year have ended the same way with 6 record-breaking months in a row?? My answer is... probably not. The year 2020 began the same as 201...Read More

By: Zan Molko

Toronto Real Estate Sales and Trends by Zan Molko - September 2020

Tags:

Real estate trends, statistics, september 2020

  Even in this strangest of all years, there have been some surprises...or have there? Toronto 11 October 2020. The fourth record month in a row. 11,083 homes sold, the highest volume ever, for a September. This is up +42.3% versus 2019. Following a record third quarter, sales through the first nine months of 2020 were up by approximately one per cent compared to the sam...Read More

By: Zan Molko

Toronto Real Estate Sales and Trends by Zan Molko - July 2020

Tags: Highest Average Price Ever!

Toronto 11 August 2020. July just became the new May. At the beginning of this year, almost historic lows in inventory were already pushing us along a record trashing trajectory. Then along came COVID and we were almost frozen waiting and watching what to do next. The usual spring Market of April and May saw volumes decline upwards of 60%. June arrived with record-breaking numb...Read More

Toronto Real Estate Sales and Trends by Zan Molko February 2020

By: Zan Molko

Toronto Real Estate Sales and Trends by Zan Molko February 2020

Tags: A scary start as Toronto Real Estate prices spike...

Toronto 9 March 2020. February real estate listings in the GTA were at the 2nd lowest level of inventory for a February since we have been keeping record. In February 2017 when we witnessed the lowest inventory ever, prices skyrocketed.  Similarly, last month Buyers emboldened with ever declining mortgage interest rates and the upcoming reduction in the stress test value, were in many cases f...Read More

By: Zan Molko

Toronto Real Estate Sales and Trends by Zan Molko - 2019 Year-End

Tags: Average Real Estate prices up +4.07%

  Toronto, 14 January 2020. Although the Toronto Real Estate Market in 2019 had a slow start, it ended quite strongly achieving, 87,825 units sales up +13.4% more than 2018 but still off -27.3% from the record year in 2016. Lack of affordability, the mortgage stress test and low inventory all contributed to volumes being lower than perhaps originally forecast. The declining interest rat...Read More

By: Zan Molko

Toronto Real Estate Sales and Trends by Zan Molko - November 2019

Tags: Up and down... What next?

  Toronto, 10 December 2019: It is no surprise that with 11 months of the year behind us, The Greater Toronto Area (GTA) 2019 Real Estate trends look just like most of the previous 20 years. After a slightly slower start to the year, sales and prices picked up in pace commencing April and during November we witnessed the average selling price rise +7.1% year-over-year to $843,637 and Sa...Read More

Toronto Real Estate Sales and Trends by Zan Molko

By: Zan Molko

Toronto Real Estate Sales and Trends by Zan Molko

Tags: GTA for March 2019 - More of the same - Prices up or down?

  Toronto 9 April 2019:  At first glance, the 2019 first-quarter sales trends for the Greater Toronto Area appear to be almost the same as the first quarter of 2018. However, on closer examination, there are some indications for potential future change. On closer examination by price, category and area indications are there is still a divide in the marketplace and it may be gr...Read More

By: Zan Molko

December 2018 - Year End

Tags: TORONTO REAL ESTATE MARKET TRENDS DECEMBER 2018

  Toronto, 8 January 2019. As I welcome the new year, I feel that the winds of change are blowing as many pundits (I admit to being one) are touting the coming of the next industrial revolution or as it may become known as the “dawn of big data and Artificial Intelligence (A.I.).” Our industry, like many others, is undergoing fundamental change brought upon by technology and...Read More

By: Zan Molko

G T A Real Estate Sales and Inventory - OCTOBER 2018

Tags: Inventory down, prices up... can't say I didn't tell you

  Toronto, 6 November 2018. The stats are in for October, and in the slow summer, if you recall I said this fall will be the same as it has been for the past 19 years. Decreased supply, increased demand means higher prices. Of course, without the drama of 2016 and 2017.   Several buyers who I had encouraged to buy in the late summer held off and are now faced with slightly higher intere...Read More

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