The Toronto Real Estate Board reported a total of 77,426 residential transactions for 2018. This result represented a 16.1% decline compared to 92,263 sales reported in 2017. Total new listings were down by 12.7% over the same period to 155,823. The overall average selling price for 2018 transactions, at $787,300, was down by 4.3% year-over-year for all home types combined across the TREB market area. Home prices were up very slightly in the City of Toronto and down in the surrounding GTA regions. This dichotomy reflects the fact that Toronto condos and lofts, which accounted for a large proportion of sales in the City of Toronto ...
December and 2018 Annual Statistics Released
January 4, 2019Market Reports Toronto Condo Buyers Toronto Condo Information Toronto Condo Market News Toronto Condo News Toronto Condo Sellers Toronto Real Estate News
November 2018 Resale Statistics Released
December 9, 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 6,251 residential transactions in November 2018. This result was down by 14.7% compared to November 2017. The average selling price was up by 3.5% year-over-year to $788,345. New listings were actually down 26.1%, more than sales on a year-over-year basis in November. This suggests that in many neighbourhoods, competition between buyers has increased. Relatively tight market conditions over the past few months has provided the foundation for renewed price growth. On a preliminary seasonally adjusted basis, sales were down by 3.4 % compared to October 2018. The average selling price after preliminary seasonal adjustment was down by 0.8% compared to October 2018. Click ...
Q3 Condo Market Statistics Released
October 23, 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 third quarter of 2018 was up by 8.4% year-over-year to $552,269. The MLS® Home Price Index (HPI) Apartment Benchmark Price was up by 10.1% year-over-year to $506,300 in September 2018. The highest average condo and loft selling price was in the City of Toronto, at $594,039. This result was up 9.7% compared to Q3 2017. The MLS® HPI Apartment Benchmark Price for the City of Toronto was up by 11.5% year-over-year to $535,600 in September 2018. Condos and lofts represent a relatively affordable home ownership option in the ...
September 2018 Resale Figures Released
October 4, 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 6,455 sales in September 2018 – up 1.9% compared to September 2017. The average selling price for September 2018 sales was up by 2.9% over the same period to $796,786. The MLS® HPI composite benchmark price was up by 2% year-over-year. New listings in September 2018 amounted to 15,920 – down by 3.1% compared to September 2017. With sales up year-over-year and new listings down, market conditions became tighter. On a monthly basis, after preliminary seasonal adjustment, sales edged up by 0.2% in September 2018 compared to August 2018. The average selling price, after preliminary seasonal adjustment, edged lower by ...
August 2018 Resale Figures Released
September 9, 2018
The Toronto Real Estate Board reported 6,839 sales in August 2018 – a 8.5% increase compared to August 2017. Both the average selling price, at $765,270, and the MLS® Home Price Index Composite Benchmark for August 2018 were up compared to the same month in 2017, by 4.7% and 1.5% respectively. The average selling price increased by more than the MLS® HPI Composite due, at least in part, to a change in the mix of sales compared to last year. Detached home sales were up by double digits on a year-over-year percentage basis – substantially more than many other less-expensive home types. Month-over-month sales and ...
July 2018 Resale Figures Released
August 6, 2018
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 ...
Average Condo Price Continues to Climb in Q2 '18
July 22, 2018
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, 2018
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 ...