TRREB Forecasts Current Market Conditions to Remain Over Summer
Posted on Jul 07, 2022
TORONTO, ONTARIO, July 6, 2022 - Higher borrowing costs continued to impact home sales in June 2022. Sales totalled 6,474 – down by 41 per cent compared to last year’s strong result. The number of transactions was also down compared to May 2022, but this is often the case due to the seasonal nature of the market. The average selling price, at $1,14...
Market Continues to Balance Out as Borrowing Costs Trend Higher
Posted on Jun 09, 2022
TORONTO, ONTARIO, June 3, 2022 - Greater Toronto Area (GTA) housing market conditions continued to evolve in response to higher borrowing costs. Similar to April results, May 2022 sales were down on a monthly and annual basis. Conversely, active listings at the end of May were up on a month-over-month and year-over-year basis. More balanced market...
Market Adjusts to Higher Borrowing Costs in April
Posted on May 09, 2022
TORONTO, ONTARIO, MAY 4, 2022 – The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs, with the number of transactions down on a monthly and annual basis. As has been the case with previous rate tightening cycles, some home buyers have moved to the sidelines to determine how they will reposition themselves...
Looking Back at 2020
Posted on Feb 08, 2021
Average Home Price Sets All-Time Record in 2020!
Despite an unprecedented year due to COVID-19 and the uncertainty surrounding the economy, Greater Toronto Area recorded over 95,000 home sales in 2020 – the third-best result on record. The average selling price reached a new record of almost $930,000.Following the steep COVID-induced drop-off in dem...