Toronto Real Estate Board President Garry Bhaura announced year-over-year increases in home sales and average sale prices reported through TREB’s MLS® System in October 2018. Greater Toronto Area REALTORS® reported 7,492 sales through TREB’s MLS® System in October 2018 – a six per cent increase compared to October 2017. On a preliminary seasonally adjusted basis, sales were down by one per cent compared to September 2018. The average sale price for October 2018 was up 3.5 per cent on a year-over-year basis to $807,340. After preliminary seasonal adjustment, the average selling price was up one per cent compared to September ...
Condos & Stress On Supply Continue To Drive Prices Higher in October Across The GTA
November 5, 2018
CREA Announces It Will Post Sold Data on Realtor.ca but it Will Take Time
October 4, 2018
With the Toronto Real Estate Board’s appeal being denied by the Supreme Court, there has been a rush of news and confusion among Realtors about how to change their business model to accommodate this open data share. The Toronto Real Estate Board’s stand has always been to protect the information of homeowners, and so continue to allow the data to be shared through a password protected VOW “Virtual Office Website”. In keeping with the change, CREA “Canadian Real Estate Association”, announced that they will publish Sold Data on the national site Realtor.ca with out password protection (Read ...
Sales & Prices Up In September But Market Feeling the Lack of Supply Across the GTA
October 3, 2018
Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 6,455 sales through TREB’s MLS® System in September 2018 – up 1.9 per cent compared to September 2017. The average selling price for September 2018 sales was up by 2.9 per cent over the same period to $796,786. The MLS® HPI composite benchmark price was up by two per cent year-over-year. New listings entered into TREB’s MLS® System in September 2018 amounted to 15,920 – down by 3.1 per cent compared to September 2017. With sales up year-over-year and new listings down, market conditions became tighter ...
Resurgence In Demand For Housing Continues in August Across Greater Toronto
September 12, 2018
Toronto Real Estate Board President Garry Bhaura announced sales and price increases on a year-over-year basis in August. Greater Toronto Area REALTORS® reported 6,839 sales through TREB’s MLS® System in August 2018 – an 8.5 per cent increase compared to August 2017. Both the average selling price, at $765,270, and the MLS® Home Price Index Composite Benchmark for August 2018 were up compared to the same month in 2017, by 4.7 per cent and 1.5 per cent respectively. The average selling price increased by more than the MLS® HPI Composite due, at least in part, to a change in the ...
Boomers in Ontario are the most likely in Canada to consider downsizing as they approach retirement
August 14, 2018
More than 1.4 million boomers across Canada expect to buy a home in the next five years 56 per cent of boomers consider their local housing market unaffordable for retirement 9 per cent of boomer parents do not expect their kids to move out until after the age of 35 32 per cent of boomers looking to buy in the next five years most likely to purchase a condo The Royal LePage Boomer Trends Survey, released today, found that 17 per cent of Canadian baby boomers (born between 1946-1964) are planning to purchase a new home in the next five ...
Prices & Sales Continue To Rise in July Across the GTA
August 8, 2018
Toronto Real Estate Board President Garry Bhaura announced strong growth in the number of home sales and the average selling price reported by Greater Toronto Area REALTORS® in July 2018. “Home sales result in substantial spin-off benefits to the economy, so the positive results over the last two months are encouraging. However, no one will argue that housing supply remains an issue. The new provincial government and candidates for the upcoming municipal elections need to concentrate on policies focused on enhancing the supply of housing and reducing the upfront tax burden represented by land transfer taxes, province-wide and additionally in ...
Average Condo Price Continues to Climb in Q2 '18
July 18, 2018
Toronto Real Estate Board President Garry Bhaura announced that the average selling price for condominium apartments sold through TREB’s MLS® System in the second quarter of 2018 was up by 5.4 per cent year-over-year to $561,338. The highest average selling price was in the City of Toronto, at $603,480 – up 6.5 per cent compared to Q2 2017. “Condominium apartments have outperformed other housing types over the past year, in terms of price growth. It has been a seller’s market in many neighbourhoods for this home type, which is why we have continued to report average price growth more than ...
Greater Toronto Area (GTA) expected to post third quarter price gains after price declines in the second quarter
July 17, 2018
The Greater Toronto Area Real Estate Market Posts Price Declines in Second Quarter of 2018 Home prices in the GTA forecast to increase 2.1% in the next three months According to the Royal LePage House Price Survey1 and Market Survey Forecast released today, sales activity and price appreciation across the Greater Toronto Area (GTA) continued to slow in the second quarter of 2018, compared to the heightened pace witnessed during the same time last year. Most notably, Markham and Richmond Hill saw home values depreciate 8.8 per cent and 12.4 per cent, respectively. During the second quarter, the aggregate price ...
Prices & Sales up in June Across the GTA
July 9, 2018
Toronto Real Estate Board President Garry Bhaura, in his first market release as TREB President, is pleased to announce some positive signs with respect to the housing market. Greater Toronto Area REALTORS® reported 8,082 home sales through TREB’s MLS® System in June 2018 – up 2.4 per cent compared to the low June 2017 result. After preliminary seasonal adjustment, sales were also up 17.6 per cent on a monthly basis between May 2018 and June 2018, continuing the trend of somewhat volatile month-over-month changes over the past year as home buyers reacted to various policy changes impacting the market. “Home ...
Market conditions tighten across Greater Toronto
June 6, 2018
Greater Toronto Area REALTORS® reported 7,834 sales through TREB’s MLS® System in May 2018. This result was down by 22.2 per cent compared to May 2017. While the number of sales was down year-over-year, the annual rate of decline was less than reported in February, March and April, when sales were down by more than 30 per cent. On a month-over-month basis, seasonally adjusted May sales were basically flat compared to April. Supply of homes available for sale continued to be an issue. New listings were down by 26.2 per cent. The fact that new listings were down by more ...