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Toronto MLS
Real Estate Statistics

In the City of Toronto (defined as the 416 area code), sales increased 117% compared to a year ago, with 1,343 transactions written.

Also in the City of Toronto, the average price was $460,828, representing a 20% increase from the $382,759 average recorded in mid-December 2008.

The Greater Toronto Area (GTA) reported 3,079 transactions in the first half of December, up 107% from the same period last year. The average price was $423,103, representing a 17% increase from the $360,652 recorded last year at this time.

Numbers related to inventory and Days On Market (DOM) will be available after month-end in my December 2009 Market Report.

Toronto Real Estate
Market Activity Summary

Once again, big jumps in both sales and average price year-over-year. Once again, no surprises. As reported by TREB, “we are comparing the recovery phase of the sales cycle this December with the contraction phase experienced last winter”.

So what’s ahead? Look for price growth relief in the spring as listings increase. However, a few new jolts to the market may be ahead as the Canadian government, concerned about increasing debt levels and the possibility of an over-heated housing market, MAY require higher mortgage downpayments as well as shorten the amortization period.

First-time home buyers, move-up sellers: It’s all about strategy and informed decisions in the Toronto real estate market. And, if it works for you, taking advantage of a favourable market that might, just might, be slipping away.

Thinking of buying or selling? Numbers are helpful, but a knowledgeable Toronto real estate agent is invaluable. Call Lauren at 416–550–6991, or send me an email.

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Toronto MLS
Real Estate Statistics

In the City of Toronto (defined as the 416 area code), sales increased 88% compared to a year ago, with 1,560 transactions written.

Also in the City of Toronto, the average price was $441,893, representing a 10% increase from the $400,305 average recorded in mid-November 2008.

The Greater Toronto Area (GTA) reported 3,666 transactions in the first half of November, up 84% from the same period last year. The average price was $415,066, representing a 10% increase from the $375,712 recorded last year at this time.

Numbers related to inventory and Days On Market (DOM) will be available after month-end in my November 2009 Market Report.

Toronto Real Estate
Market Activity Summary

Once again, big jumps in both sales and average price year-over-year. And that’s no surprise as we continue to make comparisons to market activity that occurred during a time when sales and average price experienced significant declines due to extreme market conditions.

Although TREB is projecting that sales and average price this winter will be above the numbers reported in the fourth quarter of 2008 and the first quarter of 2009, these increases can’t continue forever. Next year’s market is going to be very, very interesting.

Would-be sellers, today’s market is hot. Today’s. Don’t miss your market!

Thinking of buying or selling? Numbers are helpful, but a knowledgeable Toronto real estate agent is invaluable. Call Lauren at 416–550–6991, or send me an email.

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Toronto MLS
Real Estate Statistics

In the City of Toronto (defined as the 416 area code), sales increased 31% compared to a year ago, with 1,489 transactions written.

Also in the City of Toronto, the average price for a home is now $455,001, representing a 21% increase from the $375,804 average recorded in mid-October 2008.

The Greater Toronto Area (GTA) reported 3,631 transactions in the first half of October, up 34% from the same period last year. The average price was $414,479, representing a 17% increase from the $353,772 recorded last year at this time.

Numbers related to inventory and Days On Market (DOM) will be available after month-end in my October 2009 Market Report.

Toronto Real Estate
Market Activity Summary

Big jumps in both sales and average price year-over-year. But that comes as no surprise as we’re now comparing market performance against the fall of 2008 (read: factor in the hit the markets took due to the collapse of major investment institutions, etc.).

Nonetheless, the market’s got legs as we enter the fourth quarter as demand remains strong which continues to exert upward pressure on average price.

We await Tuesday’s rate announcement, but anticipate the Bank of Canada will keep interest rates steady (read: no rate hikes in the near future).

Thinking of buying or selling? Numbers are helpful, but a knowledgeable Toronto real estate agent is invaluable. Call Lauren at 416–550–6991, or send me an email.

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Toronto MLS
Real Estate Statistics

In the City of Toronto (defined as the 416 area code), sales increased 28.26% compared to a year ago, with 1,280 transactions written.

Also in the City of Toronto, the average price for a home is now $415,126, representing a 7.4% increase from the $386,524 average recorded in mid-September 2008.

The Greater Toronto Area (GTA) reported 3,361 transactions in the first half of September, up 23.29% from the same period last year. The average price was $393,818, representing a 7.55% increase from the $366,158 recorded last year at this time.

Numbers related to inventory and Days On Market (DOM) will be available after month-end in my September 2009 Market Report.

Toronto Real Estate
Market Activity Summary

Buyer confidence remains strong. Why? Low interest rates and positive reports pointing to economic recovery. Also, marking the one-year anniversary of the collapse of major investment institutions is certainly a psychological milestone. 

Tight market conditions (read: little supply, lots of demand) continue to push average price increases.

Thinking of buying or selling? Numbers are helpful, but a knowledgeable Toronto real estate agent is invaluable. Call Lauren at 416–550–6991, or send me an email.

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Toronto MLS
Real Estate Statistics

In the City of Toronto (defined as the 416 area code), sales increased 22.9% compared to a year ago, with 1,465 transactions written.

Also in the City of Toronto, the average price for a home is now $391,252, representing a slight 0.84% decrease from the $394,563 average recorded in mid-August 2008.

The Greater Toronto Area (GTA) reported 3,832 transactions in the first half of August, up 26.93% from the same period last year. The average price was $383,796, representing a 2.66% increase from the $373,844 recorded last year at this time.

Numbers related to inventory and Days On Market (DOM) will be available after month-end in my August 2009 Market Report.

Toronto Real Estate
Market Activity Summary

Buyer confidence rules the market. Sales are UP. Average price is holding its own. According to TREB, “demand will contribute to broader economic recovery as each transaction results in substantial spin-off benefits to other sectors of the economy”. Nice!

Thinking of buying or selling? Numbers are helpful, but a knowledgeable Toronto real estate agent is invaluable. Call Lauren at 416–550–6991, or send me an email.

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Toronto MLS
Real Estate Statistics

In the City of Toronto (defined as the 416 area code), sales increased 24.4% compared to a year ago, with 1,703 transactions written.

Also in the City of Toronto, the average price for a home is now $419,754, representing a (tiny!)0.13% increase from the $419,199 average recorded in mid-July 2008.

The Greater Toronto Area (GTA) reported 4,437 transactions in the first half of July, up 26.88% from the same period last year. The average price was $394,750, representing a 4.14% increase from the $379,072 recorded last year at this time.

Numbers related to inventory and Days On Market (DOM) will be available after month-end in my July 2009 Market Report.

Toronto Real Estate
Market Activity Summary

Demand remains in the driver’s seat, with historically low interest rates fuelling the ride. Multiple offers continue across the City of Toronto. No surprise that both sales and price averages are up year-over-year. According to TREB another record-breaking month is possible if the mid-month results carry forward.

Hot! Hot! Splat?? 

Thinking of buying or selling? Numbers are helpful, but a knowledgeable Toronto real estate agent is invaluable. Call Lauren at 416–550–6991, or send me an email.

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Toronto MLS
Real Estate Statistics

In the City of Toronto (defined as the 416 area code), sales increased 16.73% compared to a year ago, with 2,023 transactions written.

Also in the City of Toronto, the average price for a home is now $449,946, representing a 2.38% increase from the $439,469 average recorded in mid-June 2008.

The Greater Toronto Area (GTA) reported 5,185 transactions in the first half of June, up 18.54% from the same period last year. The average price was $407,716, representing a 2.3% increase from the $398,542 recorded last year at this time.

Numbers related to inventory and Days On Market (DOM) will be available after month-end in my June 2009 Market Report.

Toronto Real Estate
Market Activity Summary

Both sales and price have climbed. Affordability, due in part to “how low can they go?” interest rates, continues to make it possible for previously-hesitant buyers to return to the market, which in turn strengthens price.

According to TREB the “number of home buyers has been high relative to the number of listings, pushing the average price above last year’s level”.

No Jello In This Market!

Will the month finish strong? Yeah, it’s got legs (for now).

Thinking of buying or selling? Numbers are helpful, but a knowledgeable Toronto real estate agent is invaluable. Call Lauren at 416–550–6991, or send me an email.

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Toronto MLS
Real Estate Statistics

In the City of Toronto (defined as the 416 area code), sales increased 7.5% compared to a year ago, with 1,864 transactions written.

Also in the City of Toronto, the average price for a home is now $439,459, representing a 0.52% increase from the $437,205 average recorded in mid-May 2008.

The Greater Toronto Area (GTA) reported 4,561 transactions in the first half of May, up 3.14% from the same period last year. The average price was $399,811, representing a 0.25% decline from the $400,817 recorded last year at this time.

Numbers related to inventory and Days On Market (DOM) will be available after month-end in my May 2009 Market Report.

Toronto Real Estate
Market Activity Summary

Buyers found their Confidence, as this is the first mid-month increase for both sales and price since the wheels fell off the Toronto real estate bus last year.

What to expect: Interest rates that are at historic lows favour Toronto home buyers. The combination of more sales and fewer listings resulted in a return to last year’s prices. TREB anticipates an increase in new listings (read: inventory) as sellers respond to a good-news market.

The spring market has always been the best market. Will the month finish strong? Time will tell, and so will I!

Thinking of buying or selling? Numbers are helpful, but a knowledgeable Toronto real estate agent is invaluable. Call Lauren at 416–550–6991, or send me an email.

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Toronto MLS
Real Estate Statistics

In the City of Toronto (defined as the 416 area code), sales declined 1.32% compared to a year ago, with 1,494 transactions written.

Also in the City of Toronto, the average price for a home is now $412,987, representing a 9.08% decline from the $454,222 average recorded in mid-April 2008.

The Greater Toronto Area (GTA) reported 3,681 transactions in the first half of April, down 6.93% from the same period last year. The average price was $383,161, representing a 4% decline from the $399,117 recorded last year at this time.

Numbers related to inventory and Days On Market (DOM) will be available after month-end in my April 2009 Market Report.

Toronto Real Estate
Market Activity Summary

Decline in sales slowed dramatically compared to mid-month March 2009 sales. Average price appears to be stabilizing. TREB reports existing sales increased relative to new listings. There may be a bit of a squeeze about to happen on the inventory orange.

It DOES look like a good spring market is forming. Are prices about to bottom out?

Buyers who find their confidence and get back in the market will benefit from greater affordability due to lower house prices and lower interest rates.

Thinking of buying or selling? Numbers are helpful, but a knowledgeable Toronto real estate agent is invaluable. Call Lauren at 416–550–6991, or send me an email.

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Toronto MLS
Real Estate Statistics

In the City of Toronto (defined as the 416 area code), sales declined 19.95% compared to a year ago, with 987 transactions written.

Also in the City of Toronto, the average price for a home is now $395,428, representing a 3.4% decline from the $409,336 average recorded in mid-March 2008.

The Greater Toronto Area (GTA) reported 2,565 transactions in the first half of March, down 19.42% from the same period last year. The average price was $365,499, representing a 5.16% decline from the $385,405 recorded last year at this time.

Numbers related to inventory and Days On Market (DOM) will be available after month-end in my March 2009 Market Report.

Toronto Real Estate
Market Activity Summary

Although price and sales continue to drop, TREB reports the annual rate of sales decline was the smallest in five months. AND, mid-month March 2009 sales increased compared to mid-month February 2009 sales.

It looks like a traditional spring market is forming (read: a possible increase in sales as we head into the spring months). Will prices find their bottom?

Affordability continues to improve as buyers take advantage of near-record lows for mortgage rates and lower average prices for Toronto real estate.

Will buyers take advantage of plentiful inventory, low interest rates and a welcome break from multiple offers? Time will tell. And so will I!

Thinking of buying or selling? Numbers are helpful, but a knowledgeable Toronto real estate agent is invaluable. Call Lauren at 416–550–6991, or send me an email.

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