Toronto Market Report - September 2024
Posted on Sep 11, 2024 in Market Report
SALES COMMENTARY
There was no surprise within the industry that sales in August would continue to trend downward as the market navigated the seasonal summer slowdown. This period has traditionally seen less focus on real estate transactions. Inventory levels continued to rise, with homes taking longer to sell. The average days on the market in Augus...Toronto Market Report - August 2024
Posted on Sep 01, 2024 in Market Report
SALES COMMENTARY
Throughout July, the Toronto real estate market continued to adjust to current economic conditions. The additional interest rate cut in July clearly wasn’t enough to invigorate activity. As inventory increased, buyers demonstrated that either values need to decrease or more rate reductions are necessary to provide the affordability...Toronto Market Report - July 2024
Posted on Jul 17, 2024 in Market Report
SALES COMMENTARY
The Toronto real estate market in June 2024 showed mixed signals, reflecting ongoing adjustments to changing economic conditions and inventory levels. There was both optimism and concern regarding the imminent interest rate cut. Optimism stemmed from the clear monetary signal that interest rates are on the decline, creating confiden...Toronto Market Report - June 2024
Posted on Jun 12, 2024 in Market Report
SALES COMMENTARY
This year’s spring market is proving far from traditional. The uncertainty surrounding when interest rates will begin to decrease has kept buyers hesitant and lacking confidence to re-enter the housing market. Additionally, the Government’s announcement of a change to the Capital Gains tax inclusion rate has added to the uncertainty...Toronto Market Report - May 2024
Posted on Jun 03, 2024 in Market Report
SALES COMMENTARY
Typical of a seasonal spring, home and condo listings surged in April, up 47.2% from last year, and this trend is expected to continue in May. With the new level of supply, the market has shifted towards a more balanced state, with some sectors like condos leaning closer to a buyer’s market. The increase in inventory, providing more...Toronto Market Report - April 2024
Posted on Apr 19, 2024 in Market Report
SALES COMMENTARY
While stats seem to demonstrate that the market is experiencing renewed vibrancy, buyers and sellers have had a cautiously optimistic approach in the month of March. It’s clear that not all segments of the market are performing the same way and the politicization of real estate has been a cause for concern as it sends mixed messages...
While stats seem to demonstrate that the market is experiencing renewed vibrancy, buyers and sellers have had a cautiously optimistic approach in the month of March. It’s clear that not all segments of the market are performing the same way and the politicization of real estate has been a cause for concern as it sends mixed messages...