Toronto real estate news. 3% compared to last May, with detached homes down by 26.
Toronto real estate news The number of new listings entered into TREB’s MLS® System amounted to 16,469 in September – up by 9. The average selling price fell 1. According to sales data from the Toronto Regional Real Estate Board (TRREB), the average sale price for all dwelling types combined in Canada’s biggest city in August was $1,005,945. Complete coverage of top commercial real estate stories, market conditions & opinion. Find the latest on housing markets across the country and real estate information. 3 days ago · said the Toronto Regional Real Estate Board (TRREB) President Elechia Barry-Sproule. The Latest Real Estate Market News, Trends & Advice For Toronto GTA and Surrounding areas Halton, Peel, York, & Durham. m. 6 per cent compared with a year earlier to $1,067,186, as the composite benchmark price, meant to represent the typical 3 days ago · Real estate sale signage is shown on a street in Oakville, Ont. Tips for first-time home buyers, property sellers, renters and mortgage news. Oct 15, 2024 · The Canadian Real Estate Association’s (CREA) sales and price forecast shows a more stable real estate market next year after a sluggish 2023 and 2024. The Building Industry and Land Development Association (BILD) reported on Thursday that 1,885 new home sales were recorded across the GTA region last month, marking a year-over-year rise of 303% and “reversing three months of decline. Sep 18, 2024 · Tentative buyers in the Toronto-area real estate market appear more willing to approach the bargaining table as the fall market kicks off, but they are quick to back away when sellers seem immovable. Jul 6, 2017 · Bosley Real Estate Ltd. ca your source for the latest news on Toronto Real Estate . Tips on buying and selling a home. 1 million was down by one per cent compared to the same time last year, according to the Toronto Regional Real Estate Board, with condos and townhomes Dec 18, 2024 · Condominium under construction on Queen Street in downtown Toronto/Shutterstock. *Have you seen Steven’s newest site Houseporn. Real Estate Toronto. Members Online 5. Aug 12, 2024 · Condo ‘Catch-22’ Ensnares Toronto Real Estate Investors Investors battered by high interest rates and rent pressure Biggest test for the condo market since 1991, economist says Aug 7, 2024 · A 37th-floor luxury condo in the heart of Toronto’s entertainment district that sold for a $320,000 loss is an example of a condo market that hasn’t been this tough in decades, Realtors and Dec 10, 2024 · Toronto’s real estate industry faced big challenges and, at the same time, made important progress in 2024. 849 million, relisted for $100,000 less and ultimately sold in October 2022 for $1. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. 2 days ago · Toronto's real estate market may finally be seeing progressively more sales after a months-long slump, but the industry is still nowhere close to its usual frenzied pace — and it's buyers who Welcome to Toronto real estate forum where we share the latest trends, positive and negative factors affecting the real estate market in Toronto and the surrounding areas Jul 4, 2024 · Despite Bank of Canada rate cut, prices and sales were down across the board in June over this time last year, according to the Toronto Regional Real Estate Board. Sales were up from August on a seasonally adjusted basis. Adagio, a new luxury boutique condominium is designed to stand 26-storeys Dec 10, 2024 · Find the latest on housing markets across the country and real estate information. As of today, Toronto housing data shows median days on market for a home is 39 days. 4 per cent from the same period a year ago, according to data released Thursday from the Toronto Real Estate Board. That’s about 3. Oct 4, 2023 · The sputtering Toronto-area fall real estate market is seeing a steady rise in inventory as October begins but skittish potential buyers are looking for more clarity in the outlook for the Dec 6, 2024 · A Toronto couple contested a demand from their condominium corporation for tens of thousands of dollars in repairs and removals. Jan 3, 2024 · CBC News interviewed three experts on the real estate market to find out what they expect to happen in 2024. According to the latest report by the Toronto Real Estate Board (TREB), overall sales were down by 20. Buyers benefited from substantial negotiating power on price, especially in the condominium apartment market. Becky Robertson. Members Online Scarborough Detached House sold for a loss of $475,000 (32. , Brokerage – (416) 322-8000 *Like what you’ve read? Consider signing up in the box below to receive our FREE monthly newsletter on housing, culture and design, including our love for unique urban homes and other Toronto real estate. The Bank of Canada (BoC) began raising its benchmark interest rate — which commercial banks use to set mortgage rates — in March 2022. 1 per cent from 92,263 sales in 2017. This will take us back to February 2020 prices. This result was down by 34. 3%. Real Estate News Cities Toronto Other (Canada) Featured. Create a free account to access the largest B2B CRE platform in the world. Read the latest headlines on Canada's condo real estate market. Home sales in the GTA took a nose dive in May. 2 per cent in May to $1. 6 per cent from 65,877 sales in 2023. ” Zillow has 6140 homes for sale in Toronto ON. This result was down by 35 per cent compared to September 2016. Nestled in behin John Pasalis is President of Realosophy Realty, a Toronto real estate brokerage which uses data analysis to advise residential real estate buyers, sellers and investors. Last month was one the weakest for sales in the past decade, while inventory climbed to one of the highest levels over the same period. THE CANADIAN PRESS/Richard Buchan 5 days ago · Despite a sluggish year especially for condos, Toronto’s real estate board sees sales improving ‘across the board’ this year. 3% annually, while the median Toronto home price has decreased 1. Real Estate news from the GTA . 5 days ago · The Toronto Regional Real Estate Board said 3,359 homes were sold in December throughout the Greater Toronto Area, down 1. Nathan Denette/The Canadian Press We got you covered on the Canadian real estate industry. 8 per cent drop in price Aug 21, 2023 · The tightening of market conditions that unfolded in the spring is “unwinding rapidly” and Toronto is now the closest it has been to a so-called buyer’s market since last winter, a new Jan 17, 2024 · The average price in the Greater Toronto Area stood at $1,084,692 in December, according to the Toronto Regional Real Estate Board. Read our stories and tips on the housing market, mortage rates, homebuyer planning and more. 4 per cent. New listings, at 166,121, were up by a greater annual rate of 16. 4 per cent compared with 4,611 in the same month last year. 7, 2025 5 days ago · The Greater Toronto Area (GTA) housing market experienced a transitionary year in 2024. Nov 2, 2023 · Toronto-area buyers are walking away from deposits on new homes — some losing as much as $300,000 Feb 6, 2024 · Toronto housing market videos and latest news articles; GlobalNews. , on May 24, 2023. 7 per cent year-over-year. The board said 6,658 homes changed hands last month in the Greater Toronto Area, up 44. the Toronto Region Real Estate Board had reported 23,128 condo sales in 2023 — a Jul 31, 2024 · Construction starts are trending less than 10,000 for the current year as developers abandon projects, but Toronto needs 30,000 to 40,000 a year to satisfy population growth. There are reasons to be hopeful — new policies were approved, and there has been more focus than ever on housing a Jul 5, 2018 · Sales in June rose 2. Annual 2024 home sales amounted to 67,610 – up by 2. 1 million, according to the latest Toronto market report. In a recent episode of BuzzBuzzNews’ weekly Facebook Live broadcast, 15-year Toronto market veteran Chris Borkowski, a broker with Re/Max Hallmark, said he believes market conditions are going to Original, data-driven analysis and insights into Toronto real estate market - Realosophy's John Pasalis and other expert views on real estate market, data, mortgage, policy, finance, and law. As the year ends, it’s a good time to reflect on what worked and what didn’t. Information about Real Estate properties to buy or sell in Toronto. 6-per-cent less than October’s average price Nov 15, 2024 · Seasoned members of the Toronto Regional Real Estate Board (TRREB), faced with a tough year of higher professional fees, lower transactions and an increasingly complex market are leaving the Nov 24, 2023 · Real estate sales and prices have plummeted across most of the Greater Toronto Area since interest rates started rising in the first quarter of 2022. Oct 26, 2023 · Opportunistic buyers returned to the Greater Toronto Area’s new home market in September, new data suggests. 8 per cent year-over-year, while the suburbs saw a 4. Property evaluation services. Jan 3, 2025 · Real estate news and articles from the Spec. ” “We’re heading for the bottom of the market, but we don’t know when it will be, and buyers are hesitant to move too soon and miss out on a Oct 5, 2023 · Listings were up 44 per cent in September, while sales dropped 7. Clarrie Feinstein is a Toronto-based Nov 1, 2024 · A 46. ca? It’s his student mentorship Oct 3, 2024 · The average selling price in September of $1. We've got the latest on Toronto real estate, housing, transportation, architecture, urban planning & development, art, and more! May 3, 2023 · The number of homes trading hands in Canada’s largest city jumped 27% in April from March on seasonally adjusted basis, the Toronto Regional Real Estate Board said Wednesday. Aug 16, 2024 · A new report from the Canadian Real Estate Association says successive Bank of Canada interest rate cuts have yet to set off housing sales in the Greater Toronto Area, but rising inventory and Jun 2, 2023 · TRREB's numbers showed that the average price of a townhome moved up 2. , west of Toronto, on November 7, 2024. The number of new listings entered into TREB’s MLS® System, […] Sep 14, 2024 · “I’m seeing an uptick in interest from homebuyers for houses and condos,” said Sean Mayers, a realtor with Toronto-based Century 21 Regal Realty brokerage. Greater Toronto real estate failed to maintain momentum last month. 4 per cent decrease in sales and a slight 0. 6 per cent surge in condos listed for rent in Q3, according to the Toronto Regional Real Estate Board (TRREB) Unsold new condo inventory that’s 56 per cent above the latest 10-year average, per Urbanation; Surging days on market (up 43 per cent year-over-year) Diving rents as those who can’t sell try to generate cash flow Oct 28, 2024 · The Toronto Regional Real Estate Board (TRREB) has released its rental market statistics for the second quarter of 2024, highlighting significant trends in the condominium apartment rental sector compared to the same period in 2023. 5% monthly and down 7. 65 million, according to data from the real estate firm Sep 11, 2024 · Greater Toronto Area-real estate watchers say an uptick in condo completions and high interest rates have led to an oversupply in the market that will take time to balance out. 8% compared with 3,419 in the same month the previous year. 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. 8 Spadina Avenue, Suite 10A, Toronto, ON M5V 0S8 The complaint was the centre of a new motion by the development's court-appointed receiver, Alvarez & Marsal Canada, first reported on by real estate news publication Storeys. Members Online Canada's population grew to top 41 million in the first quarter: StatCan Dec 27, 2017 · The Canadian Real Estate Association (CREA), for instance, publishes the MLS ® Home Price Index, which is robust to monthly changes in housing mix. 4% year-over-year. 0 per cent increase in sales of homes between $7. Toronto Real Estate videos and latest news articles; GlobalNews. 7, 2025 at 8:00 a. ca? It’s his student mentorship 2019 real estate market statistics for the Greater Toronto Area, analysis and a summary of important 2019 real estate news affecting buyers and sellers. From Toronto mansions to secluded getaways, a look at the best homes of the week of 2024 Aug 1, 2024 · A person walks past multiple for-sale and sold real estate signs in Mississauga, Ont. 9%. Jan 6, 2021 · The average price for homes sold in Canada’s largest city last year hit $930,000, the highest on record and up 13. The MLS® Home Price Index (HPI) Composite Benchmark was up by 2. Nov 6, 2018 · 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. Sep 20, 2023 · Toronto real estate prices have plateaued somewhat in recent months, but the increase in prices over the past 10 years has been staggering. 4 per cent year-over-year in November 2017, whereas a naïve comparison between average sale prices between November 2016 May 3, 2023 · Toronto's housing market continued to tighten last month as prices edged up four per cent from March and sales moved closer to the level they were at last April, the Toronto Regional Real Estate Aug 3, 2017 · Bosley Real Estate Ltd. Real Estate News “A Transitionary Year”: Toronto Home Sales, Prices Flat In 2024 “All else being equal Toronto is building to new heights with Daily Hive Urbanized. Earlier this month, the Ontario courts granted formal approvals for the sales of Vandyk-affiliated sites across the Greater Toronto Area, includ Oct 8, 2024 · Real estate brokers have a vested interest in hyping up Toronto's housing market, but despite their assurances that a significant rebound is on the way, there are many indications that the region Lee & Associates Toronto Names Trish Manning Managing Director Amid Organizational Restructuring News & Insights. 3 per cent in the Greater Toronto Area compared to the same time last year. Real estate news in Toronto including market updates, featured listings and trends. Oct 3, 2024 · The Toronto Regional Real Estate Board says home sales in September rose as buyers began taking advantage of interest rate cuts and lower home prices. Aug 15, 2024 · Real estate markets will feel the downstream effects from a slowdown in Toronto’s condo market, according to one real estate expert who expects fewer completions of new units over the next few years. 250 The Esplanade Suite 408 Nov 6, 2024 · The Toronto Regional Real Estate Board says home sales in October surged as buyers continued moving off the sidelines amid lower interest rates. 4 per […] Oct 1, 2024 · There are three main factors that drive housing bubbles: rampant speculation, limited housing, and lowering rates. 5% and will be 7% by spring, assuming at least 1. Toronto Regional Real Estate Board (TRREB) data shows prices stalled in December. The problem with the 30% decline prediction 5-year fixed mortgage rates are currently 5. Toronto Real Estate Price Uncertainty: Will They Head […] STOREYS covers the latest on the housing and real estate markets in Toronto, Vancouver, and the rest of Canada. Read the latest Toronto housing market news. Oct 16, 2024 · Victor Tran, mortgage and real estate expert with RATESDOTCA, shares that sentiment, telling BNN Bloomberg in an emailed statement Wednesday that “buyers don’t want to catch a falling knife. Sep 6, 2017 · GTA REALTORS® Release August Stats September 6, 2017 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 6,357 home sales through TREB’s MLS® System in August 2017. 8 million new homes needed by 2030 in Canada Dec 4, 2024 · The average selling price for all home types increased by 2. Members Online A Brampton tenant has racked up $30K in unpaid rent and still won't leave, landlord says Dec 12, 2024 · Gucci's firsthand experience is reflective of what the data has been showing us over the last two months: buyers are returning to the market in mentionable numbers after months of unmentionable numbers led organizations like the Toronto Regional Real Estate Board (TRREB) and the Canadian Real Estate Association (CREA) to opt for looking to the Aug 3, 2017 · Not everyone in Toronto’s real estate community is convinced that the expected post-Labour Day boost in activity will come to fruition this year. The Globe and Mail is Canada's top source for real estate news, market analysis and housing data. Jan 7, 2025; Comments. That represented a 94 3 days ago · REM (Real Estate Magazine) is Canada’s premier magazine for real estate professionals. TRREB's chief market analyst, Jason Mercer, predicts a favorable market for homebuyers in the Greater Toronto Area (GTA) during the first half of 2025, particularly for those seeking condos. Aug 6, 2024 · While prices dropped, unit sales edged upwards, indicating the positive impact of the Bank of Canada's interest rate cuts, according to the Toronto Regional Real Estate Board. 14 million on a seasonally adjusted basis, the third straight monthly increase and the biggest since the market peaked in February 2022, according to data from the Toronto Regional Real Estate Board. 3% compared to last May, with detached homes down by 26. That’s the The Globe and Mail is Canada's top source for real estate news, market analysis and housing data. So, it's no surprise that Toronto just ranked fifth in the world for being at risk of a housing bubble, according to the 2024 UBS Global Real Estate Bubble Index report. Search real estate listings. Posted on December 21, 2023 the brokers at RE/MAX are now wondering if Toronto real estate is on the precipice of a crash. 8 per cent compared with 3,419 in the same month the previous year. His research has been shared with the IMF and cited by the Bank of Canada and CMHC. 5 million The article calls for a total of a 30% drop from the February 2022 peak of $1,334,544 (already down 18%). Dec 5, 2018 · Toronto Real Estate Board President Garry Bhaura announced the continuation of moderate price growth in November 2018 compared to November 2017. 5 per cent compared with 4,606 in the same month last year. 6% annually to $1. The Toronto Regional Real Estate Board says last month's 4,223 5 days ago · TORONTO REAL ESTATE,CONDO MARKET,HOUSING OUTLOOK. 1 per cent, according to the Toronto Regional Real Estate Board. Dec 10, 2024 · The Globe and Mail is Canada's top source for real estate news, market analysis and housing data. According to the Toronto Real Estate Board (TREB), sales were down by 37. 1 day ago · City of Toronto's home sales are down 47. 5 per cent from 2019, the Toronto Regional Real Estate Board said Wednesday in a release. From Scarborough to Etobicoke, Urbanize Toronto covers the latest on real estate development, construction, architecture, and urban planning in North America’s fastest growing city. REALTORS®, real estate agents, sales representatives, brokers, owners, administrators, and other real estate industry stakeholders read REM for news, analysis, and commentary on Canadian real estate. REALTOR - TORONTO REAL ESTATE REALTY, BROKERAGE*. The board says 4,996 homes were sold last month in the Greater Toronto Area, up 8. Jun 2, 2023 · Prices in Toronto' housing market increased 3. To illustrate, CREA’s benchmark for the Greater Toronto area increased 8. When they asked for proof they had been notified of these fees Nov 1, 2024 · Home sales expected to pick up with latest interest rate cut, the Home of the Week and more top real estate stories The Latest Real Estate Market News, Trends & Advice For Toronto GTA and Surrounding areas Halton, Peel, York, & Durham. Jan. 4 per cent more of this highest echelon of homes were sold last year than over the course of 2023 — not far behind the 18. ca your source for the latest news on Toronto housing market . Oct 4, 2017 · Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 6,379 sales through TREB’s MLS® System in September 2017. Nov 15, 2024 · Seasoned members of the Toronto Regional Real Estate Board (TRREB), faced with a tough year of higher professional fees, lower transactions and an increasingly complex market are leaving the Aug 1, 2024 · The malaise hanging over the Toronto-area real estate market appears set to linger into August, but signs are pointing to renewed vigour in the fall, according to one industry veteran. Read the Zoocasa blog for real estate market news. Storeys is your top source for Toronto real estate news offering insight & analysis on the latest developments. Get all the latest real estate news from across the country. Read the latest headlines on Canada's commercial real estate market. It marked a slowdown from the previous two months, which both saw GTA home sales rise more than 40% year-over-year. When they asked for proof they had been notified of these fees Nov 1, 2024 · Home sales expected to pick up with latest interest rate cut, the Home of the Week and more top real estate stories Dec 10, 2024 · Find the latest on housing markets across the country and real estate information. 3% last month compared to June 2016, meanwhile new listings were up by 15. A Oct 3, 2019 · Rents on one-bedroom condos in the Toronto area rose 4. 5 per cent from last year, but there was enough competition between Jan 2, 2024 · Commercial real estate news, events, recruiting solutions, and marketing services. 1% year-over-year to $830,000. The Toronto Regional Real Estate Board says Greater Toronto home sales in March were down 4. Real Estate. 2%) in a Power of Sale. Oct 12, 2024 · The average selling price for a Toronto-area home remained flat with an increase of one per cent in September according to the Toronto Regional Real Estate Board while 4,996 homes were sold, which Your source for real estate news, market updates, information on new home developments, and community news from across Greater Toronto. Jan 17, 2024 · Patrick Rocca, Toronto-based broker with Bosley Real Estate, says some shrewd buyers submitted offers towards the end of the fall market, when prices had weakened and pessimism pervaded the market. 2% month-over-month and 2. Sep 5, 2024 · In Toronto, condo prices dropped six per cent and sales plummeted 14. Aug 12, 2024 · One could argue that the latest market forecast from Oxford Economics is far more realistic than others given the real estate landscape in the city as of late: condo sales just hit a 27-year low More balanced market conditions are expected for the second half of the year after home sales slump in June. Over in Greater Vancouver and the Fraser Valley, the overall narrative of the year was similar to what was observed in the GTA: the new condo market started out 2024 quiet, pretty much in line with 2023, with room for, and the expectation of, improvement in the latter half of the year. Jan 8, 2025. Annual sales were up slightly compared to 2023, and new listings were up significantly year-over-year. Real estate news, opinion, Will Toronto’s real estate market boom or fizzle in 2025? Even the experts can’t agree. Visit us on Facebook Visit us on Instagram Visit us on Google Reviews Visit us on Yelp Visit us on Youtube Visit us on TikTok Florida Real Estate Uncovered: Insights on Growth and Challenges 11/28/2024 From Policy to Possibility: How Mortgage Reforms are Making Homeownership Attainable 10/31/2024 Unpacking Provincial Housing Commitments 09/30/2024 Current Toronto MLS® stats indicate an average house price of $952,776 and 2,350 new listings in the last 28 days. 8 per cent compared to August 2016. Meanwhile, the City of Toronto’s benchmark home price was $1,045,500, up 0. 3 days ago · A total of 17. THE ‘BULLWHIP EFFECT’ OF INDUSTRIAL REAL Nov 23, 2021 · Recent data suggests investors now make up the largest segment of residential real estate in Ontario, and it’s pushing the dream of ownership out of reach for many looking to buy a home simply Toronto Commercial Real Estate News. Read news and coverage of the real estate market in the Hamilton Region. Complete news coverage of top condo stories from Toronto, Vancouver & all across Canada. Photo by Ernest Doroszuk/Toronto Sun/Postmedia Network Jan 4, 2019 · The Toronto Real Estate Board says there were 77,426 residential transactions recorded through its Multiple Listing Service (MLS) system last year, down 16. 5% total interest rate increases by the BoC and Fed by spring. Mar 6, 2024 · The Toronto-area real estate market lost some steam in February after a burst of activity at the start of 2024 relieved a bit of pent-up demand. Dec 21, 2023 · Latest News; Places; More; Real Estate. A new condo construction site is reflected in the window on an ongoing condo construction site in downtown Toronto on Thursday, May 25, 2023. Updated Jan. Toronto sales were also up, but not May 3, 2023 · Toronto’s housing market continued to tighten last month as prices edged up four per cent from March and sales moved closer to the level they were at last April, the Toronto Regional Real Estate Sep 26, 2017 · September 6, 2017 -- Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 6,357 home sales through TREB's MLS® System in August 2017. Aug 28, 2024 · Real Estate Toronto area new home sales continue to plummet, hit all-time low in July Sales of new builds are down 70 per cent below the 10-year average, according to BILD. Seasonally adjusted sales climbed 18 per cent from May, the biggest monthly gain since 2004. THE CANADIAN PRESS/Chris Young Mar 19, 2024 · As the Vandyk Group of Companies continues to come apart at the seams, real estate investors will soon have their pick of the development group's portfolio. Commercial Property: Adagio. 5 per cent to $1,003,152 between May 2022 and 2023, while detached homes increased by under one per cent to $1,556,566. . 5 per cent year over year in the third quart to $2,262 on average, according to the latest figures from the Toronto Real Estate Board. Nov 5, 2018 · For the past five months, the GTA’s annual real estate sales growth has outstripped increases in new listings, which reaffirms the same narrative we’ve been examining for a few years now – lack of adequate housing supply continues to be a dire issue in the city! Here’s the Toronto Real Estate Board’s analysis for October 2018: Dec 20, 2020 · This past November, the Toronto Real Estate Board found that homes sales were up 24. A specialist in real estate data analysis, John's research focuses on unlocking micro trends in the Greater Toronto Area real estate market. Jan 2, 2023 · This home in Toronto's east end was first listed for $1. douvni dsy rmatn svmjz gnh whjmeiob odsqu bszxtko jrcmij hdtxde