The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs, with the number of transactions down on a monthly and annual basis. As has been the case with previous rate tightening cycles, some home buyers have moved to the sidelines to determine how they will reposition ...
Continue ReadingThere were almost 11,000 Greater Toronto Area (GTA) home sales reported in March 2022, capping off the third-best March and second-best first quarter on record. Tight market conditions continued to support a double-digit annual pace of price growth, with an average selling price of $1.3 million. The average selling price ...
Continue ReadingFebruary home sales were down compared to the all-time record in 2021, but represented the second-best result for the month of February in history. New listings dropped, but by a marginally lesser annual rate than sales, pointing to a modest move to a slightly more balanced market. Competition between buyers, ...
Continue ReadingTORONTO, ONTARIO, February 3, 2022 – Demand for ownership housing remained extraordinarily strong from a historic perspective in January 2022. At the same time, listings remained in short supply, resulting in tight market conditions and extraordinarily strong year-over-year price growth. There were 5,636 sales reported through the TRREB MLS® System ...
Continue Reading