The Toronto Real Estate Board reported 6,961 sales for July 2018 – up 18.6% compared to July 2017. Over the same period, the average selling price was up by 4.8% to $782,129, including a moderate increase for detached home types. New listings in July 2018 were down by 1.8% year-over-year. Preliminary seasonal adjustment pointed to strong month-over-month increases of 6.6% and 3.1% respectively for sales and average price. Seasonally adjusted sales were at the highest level for 2018 and the seasonally adjusted average price reached the highest level since May 2017. The MLS® Home Price Index (HPI) Composite Benchmark for July 2018 was down slightly compared to ...
July 2018 Resale Figures Released
August 6, 2018Market Reports Toronto Condo Buyers Toronto Condo Information Toronto Condo Market News Toronto Condo News Toronto Condo Sellers Toronto Real Estate News
Average Condo Price Continues to Climb in Q2 '18
July 22, 2018Market Reports Toronto Condo Buyers Toronto Condo Information Toronto Condo Market News Toronto Condo News Toronto Condo Sellers Toronto Real Estate News
The Toronto Real Estate Board announced that the average selling price for condos and lofts in the second quarter of 2018 was up by 5.4% year-over-year to $561,338. The highest average selling price was in the City of Toronto, at $603,480 – up 6.5% compared to Q2 2017. Condos and lofts have outperformed other housing types over the past year, in terms of price growth. It has been a seller's market in many neighbourhoods for this home type, which is why they have continued to report average price growth more than twice the rate of inflation. Condo and loft sales amounted to 6,837 in Q2 2018 ...
June Resale Market Figures Released
July 7, 2018Market Reports Toronto Condo Buyers Toronto Condo Information Toronto Condo Market News Toronto Condo News Toronto Condo Sellers Toronto Real Estate News
The Toronto Real Estate Board reported 8,082 home sales in June 2018 – up 2.4% compared to the low June 2017 result. After preliminary seasonal adjustment, sales were also up 17.6% on a monthly basis between May 2018 and June 2018, continuing the trend of somewhat volatile month-over-month changes over the past year as home buyers reacted to various policy changes impacting the market. Home ownership has proven to be a positive long-term investment. After some adjustment to the Fair Housing Plan, the new Office of The Superintendent of Financial Institutions (OSFI) stress test requirement and generally higher borrowing costs, home buyers ...
May 2018 Resale Statistics Released
June 4, 2018
The Toronto Real Estate Board reported 7,834 sales through in May 2018. This result was down by 22.2% compared to May 2017. While the number of sales was down year-over-year, the annual rate of decline was less than reported in February, March and April, when sales were down by more than 30%. On a month-over-month basis, seasonally adjusted May sales were basically flat compared to April. Supply of homes available for sale continued to be an issue. New listings were down by 26.2%. The fact that new listings were down by more than sales in comparison to last year means that competition ...
The quest to make Yorkville condos more aspirational than detached homes
May 18, 2018Downtown Toronto Condos Luxury Condos Midtown Toronto Condos New Construction Projects New Toronto Condos Toronto Condo Buyers Toronto Condo Information Toronto Condo News Toronto News Toronto Real Estate News
The new class of condos set to take over Yorkville is unique in the quest to make condos as – if not more – aspirational than detached homes. They want addresses on Bloor Street, Yorkville Avenue, Cumberland Street, Avenue Road and surrounding areas to carry the same weight as addresses in Forest Hill or even The Bridle Path. One of the most ambitious and buzzed-about projects is 85-storey The One Residences, which will be the second-tallest building in Canada (behind the CN Tower) when completed in 2021. Currently on offer are units from 1,100 square feet to 6,300 square feet ...
April Resale Market Statistics Released
May 3, 2018
Toronto Real Estate Board reported 7,792 sales in April 2018. The average selling price was $804,584. On a year-over-year basis, sales were down by 32.1% and the average selling price was down by 12.4%. The year-over-year change in the overall average selling price has been impacted by both changes in market conditions as well as changes in the type and price point of homes being purchased. This is especially clear at the higher end of the market. Detached home sales for $2 million or more accounted for 5.5% of total detached sales in April 2018, versus 10% in April 2017. The MLS® Home Price Index ...
Toronto's 50 Most Expensive Condo Buildings
April 29, 2018Downtown Toronto Condos Luxury Condos Toronto Condo Information Toronto Condo Market News Toronto Condo News Toronto Lofts
Toronto home prices are down year-over-year compared to the beginning of 2017, but the condo and loft market segment continues to surge. As buyers struggle to afford pricey low-rise homes, condos offer a comparably affordable option for those looking to get into the market. Toronto condo and loft prices were up 9% year-over-year in the first quarter of 2018, and are widely expected to continue to rise in the coming months. The Toronto Real Estate Board expects stronger price growth to continue in the comparatively more affordable condo and loft market segment. While the average price for an average Toronto condo is still below $1,000 per-square-foot, most of these 50 priciest downtown ...
Above-Inflation Rent Increases Continue in Q1 2018
April 25, 2018Investing in Real Estate Market Reports Toronto Condo Information Toronto Condo Market News Toronto Condo News Toronto Real Estate News Toronto Rental Market
The Toronto Real Estate Board announced that average rents for one-bedroom and two-bedroom condo and loft rental units were up well above the rate of inflation on a year-over-year basis in the first quarter of 2018. The average rent for one-bedroom Toronto condo or loft was up 11.4% on an annual basis to $1,995. The average two-bedroom Toronto condo or loft rent was up by 9.1% over the same time period to $2,653. Toronto continues to be one of the most desirable locations to live in the world and will remain so over the long term. As people have moved to Toronto to take advantage of quality employment opportunities ...
Strong Price Growth Continues in Condo Segment in Q1
April 24, 2018
The Toronto Real Estate Board announced that the average selling price for condos and lofts were up by 9% year-over-year to $533,447 in the first quarter of 2018. While the number of Toronto condo and loft sales reported in the first quarter was down by 29.7% year-over-year to 5,084, so too were the number of new listings, which were down by 11.1% annually to 8,030. Seller’s market conditions for condos and lofts remained firmly in place in the first quarter of 2018. Strong competition between buyers underpinned price growth well above the rate of inflation. The Toronto Real Estate Board expects the condo market segment to remain strong through the remainder of ...
March Resale Statistics Released
April 8, 2018Market Reports Toronto Condo Buyers Toronto Condo Market News Toronto Condo News Toronto Condo Sellers Toronto Real Estate News
The Toronto Real Estate Board reported 7,228 residential transactions in March 2018. This result was down by 39.5% compared to a record 11,954 sales reported in March 2017 and down 17.6% relative to average March sales for the previous 10 years. The number of new listings totaled 14,866 – a 12.4% decrease compared to March 2017 and a 3% decrease compared to the average for the previous 10 years. The MLS Home Price Index Composite Benchmark was down by 1.5 percent on a year-over-year basis for the TREB market area as a whole. The overall average selling price was down by 14.3% compared to March 2017. While ...