As we delve into the real estate landscape of April 2024, we find ourselves comparing it to the same period in 2023, which witnessed a temporary surge in market activity. In April 2024, however, home sales experienced a slight decline, yet there were notable shifts in other key indicators.    According to the latest data from the Toronto Regional Real Estate Board (TRREB) MLS® System, home sales in the Greater Toronto Area (GTA) totaled 7,114, marking a 5% decrease... [read more]

Dear Friend, Another strong month of sales as the Toronto Real Estate Board reported the sale of 8,596 homes, at an average price of $1,070,911, up 12.6% over August 2020. The only factor that prevented more sales from taking place was the lack of homes for sale. Only 10,609 homes came on the market in August, 50% less than normal, and of course, without inventory, sales cannot take place. I believe the reason for the low number of homes coming up for sale is the fact that with the Covid... [read more]

The Toronto Regional Real Estate Board (TRREB) has reported that the housing market conditions in the Greater Toronto Area (GTA) have become tighter in March 2023. This suggests that the market is becoming more competitive due to an increased demand for homes, which has caused prices to rise. One way this is being reflected is in the percentage of sales relative to listings. This measure suggests that there is more competition among buyers, as a larger proportion of homes listed for sale are... [read more]