TRREB: High Interest Rates Impacting the Market, but...
Posted on Oct 25, 2023
... Population Growth Will Soon Spur Demand
However, despite the market being better-supplied with listings...
Higher Borrowing Costs Continue to Impact Housing Market in August
Posted on Sep 19, 2023
TORONTO, ONTARIO, September 6, 2023 - 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 August 2023 compared to August 2022. The average selling price remained virtually unchanged over the same period. On a seasonally adjusted mo...
TRREB: GTA Real Estate Market More Balanced in July
Posted on Aug 10, 2023
TORONTO, ONTARIO, August 3, 2023 – 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 balance in July compared to June, with sales trending lower while new listings were up.
“Home sales continued to be above last year’s level...
TRREB: GTA Sales & Price Continue to Improve While Listings Remain Constrained
Posted on May 03, 2023
TORONTO, ONTARIO, May 3, 2023 – The Greater Toronto Area (GTA) housing market continued to tighten in April 2023. On a year-over-year basis, sales edged lower compared to April 2022, but new listings were down by more than one-third. Fewer listings relative to sales meant there was more competition between buyers, supporting an improvement in selli...
Tight Market Conditions Push Up Competition in the GTA
Posted on Apr 05, 2023
Greater Toronto Area (GTA) Housing Market Conditions Tightened
in March 2023
TORONTO, ONTARIO, April 5, 2023 – Sales accounted for an increased share of listings in comparison to March 2022, suggesting that competition between buyers is on the rise.
The average sale price was above the average list price for the first time since May 2022. “As we move...
GTA Real Estate Market Starts the New Year the Same as it Ended Last Year
Posted on Feb 10, 2023
TORONTO, ONTARIO, February 3, 2023 - As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. On a year-over-year basis, both sales and prices were down markedly, continuing to highlight the impact of higher b...