The November 2021 Toronto real estate trends broke all Records, once again setting new highs and one not-so-surprising low. The highest volume ever was achieved for the month of November with 9,017 homes sold. That was +3.3% over the previous November. We reached the highest volume ever for a Calendar year with 115,716 homes sold and that does not include December.  So with 11 month...Read More

 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 ...Read More

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

  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

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 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...Read More

  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

  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 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

  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