Toronto Market Report - October 2023
Posted on Oct 19, 2023 in Market Report
SALES SUMMARY
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Sales on the Toronto Real Estate Board continued their downward trend. In September there were just 4,642 sales – 7.1% lower than last September and 12.1% lower than August. Last month we said prices (which have been supported by a lack of listings) are about to drop further. Active listings are now 40% higher than this time last year...Toronto Market Report - September 2023
Posted on Sep 26, 2023 in Market Report
SALES COMMENTARY
Sales on TREEB have continued to weaken. For August there were 5,294 sales. This was 5.2% lower than in August of last year and even in July. Usually, sales in August are higher than July. So far prices have remained steady, but we believe that is about to change. A lack of new listings kept prices from falling. But in August, new l...
Toronto Market Report - August 2023
Posted on Aug 24, 2023 in Market Report
SALES SUMMARY
Sales for July were 5,250 on TRREB which are weak. They are 29% lower than for June (but 8% higher than July of last year). What to take away from these numbers? Not much. August sales are usually higher than sales for July. When we look at daily showings both on TRREB, and for our own Brokerages, the monthly changes from July to Augus...Toronto Market Report - July 2023
Posted on Jul 20, 2023 in Market Report
SALES COMMENTARY
Sales on the Toronto Regional Real Estate Board were 7481 in June. We are supposed to be excited that they were 16% higher than June of 2022. But they were also down 17% from May. In fact, June sales are lower than the previous 4 years. At the mid-point of the year, we are now forecasting 73,000 sales for the year. This is based on...
Toronto Market Report - June 2023
Posted on Jun 16, 2023 in Market Report
SALES COMMENTARY
Sales for May on TRREB were 24% higher than in May of 2022. This is the first month this year that sales were higher than the same month in 2022. At 9,012 sales this will be the biggest sales month in 2023. How do we know? April, May, or June are normally the biggest sales months of the year. But in early June the Bank of Canada rai...Toronto Market Report - May 2023
Posted on May 24, 2023 in Market Report