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07/01/2022

Wishing you and your family a Happy Canada Day!

01/01/2022

Wishing you and your family a very happy New Year!

12/25/2021

Merry Christmas to all!

10/11/2021

Happy Thanksgiving to all!

07/01/2021

02/09/2021

2021 Market Outlook

• Combined home sales reported through TRREB’s MLS® System for the GTA, South Simcoe
County and Orangeville are expected to reach 105,000.
• Strong sales growth will be supported by continued economic recovery, including jobs and record or
near-record lows for borrowing costs.
• The pace of new condominium apartment listings will start to ebb, especially in the second half of
the year. With low-rise listings remaining constrained, expect total new listings to come in at the
160,000 mark.
• Market conditions for low-rise homes, including detached houses, will remain very tight, with sales
rising at a faster pace than listings.
• The overall average selling price for all home types and areas combined will eclipse the $1,000,000
mark for the first time, reaching $1,025,000 and representing a year-over-year increase of 10 per
cent.
• While mortgage deferrals were initially a concern early on in the pandemic, Mortgage Professionals
Canada does not anticipate any pronounced uptick in mortgage delinquencies that would create
systemic concerns as we move through 2021. Most property owners who took advantage of
mortgage deferrals did so out of an abundance of caution rather than financial necessity and
therefore have resumed their regular payments. Per Treb

10/17/2020

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09/08/2020

GTA REALTORS® RELEASE AUGUST STATS
TORONTO, ONTARIO, September 3, 2020 – Toronto Regional Real Estate Board (TRREB) President Lisa Patel announced that the strong rebound in Greater Toronto Area (GTA) home sales continued with a record result for the month of August. GTA
REALTORS® reported 10,775 residential sales through TRREB’s MLS® System in August 2020 – up by 40.3 per cent compared
to August 2019.
Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding GTA regions. It should be noted that the low-rise market segments, including detached and semi-detached houses and townhouses, were the drivers of sales growth. Condominium apartment sales were up on an annual basis for the second straight month but to a lesser degree.
“Increased demand for ownership housing has been based on improving economic conditions, in terms of monthly GDP growth
and job creation, and the continuation of very low borrowing costs. In addition, fewer households have chosen to go on vacation
as a result of COVID-19 and instead have remained in the GTA and been active in the housing market, satisfying pent-up
demand from the spring,” said Ms. Patel.
Both the number of new listings entered into TRREB’s MLS® System during the month and the number of active listings at the
end of the August 2020 were up on a year-over-year basis. While new listings were up strongly for all home types, growth in
new condominium apartment listings far outstripped growth in the other market segments.
“Generally speaking, market conditions remained very tight in the GTA resale market in August. Competition between buyers
was especially strong for low-rise home types, leading to robust annual rates of price growth. However, with growth in
condominium apartment listings well-outstripping condo sales growth, condo market conditions were comparatively more
balanced, which was reflected in a slower pace of price growth in that segment,” said Jason Mercer, TRREB’s Chief Market
Analyst.
The MLS® Home Price Index Composite Benchmark was up by 11.1 per cent in August 2020 compared to August 2019. Over
the same period, the overall average selling price was up by 20.1 per cent to $951,404. Annual detached and semi-detached
sales growth was stronger in the comparatively more-expensive City of Toronto compared to the surrounding GTA regions,
which helps explain why growth in the overall average selling price outstripped growth in the MLS® HPI Composite Benchmark

07/25/2020

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07/09/2020

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07/07/2020

GTA REALTORS® Release June 2020 Stats:

Toronto Regional Real Estate Board President Lisa Patel announced that Greater Toronto Area REALTORS® reported 8,701 sales through TRREB’s MLS® System in June 2020. This result represented a very substantial increase over the May 2020 sales result, both on an actual (+89 per cent) and seasonally adjusted basis (+84 per cent), and was only down by 1.4 per cent compared to June 2019.

Year-over-year growth in sales was reported in some areas and market segments. Especially notable were the detached and townhouse market segments in the GTA regions surrounding the City of Toronto. New listings were up slightly on a year-over-year basis by 2.1 per cent. However, active listings on TRREB’s MLS® System at the end of June 2020 were down by 28.8 per cent compared to June 2019. Growth in new listings will need to outstrip growth in sales for a number of months before active listings approach last year’s levels.

The MLS® Home Price Index Composite Benchmark was up by 8.2 per cent year-over-year in June. The average selling price for all home types combined was $930,869 – up by 11.9 per cent compared to June 2019. The actual and seasonally-adjusted average selling price was also up substantially compared to May 2020, by 7.8 per cent and 9.8 per cent respectively.

Average and benchmark selling prices were up year-over-year for all major home types. The strongest average annual rates of price growth were experienced in the detached and semi-detached market segments in the City of Toronto at 14.3 per cent and 22 per cent respectively. This, coupled with the fact that average selling price growth outstripped growth in the MLS® HPI benchmarks, points to a resurgence in the higher-end market segments.

06/11/2020

TORONTO, ONTARIO, June 3, 2020 – Toronto Regional Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 4,606 sales through TRREB’s MLS® System in May 2020. This result was down by 53.7 per cent compared to May 2019. While the number of sales was down substantially on a year-over-year basis due to the continued impact of COVID-19, the decline was less than the 67.1 per cent year-over-year decline reported for April 2020.
On a month-over-month basis, actual and seasonally adjusted May sales were up substantially compared to April. Actual May 2020 sales increased by 55.2 per cent compared to April 2020. After accounting for the regular seasonal increase that is experienced each year between April and May, seasonally adjusted sales were up by 53.2 per cent month-over-month.
The number of new listings entered into TRREB’s MLS® System in May was down by a similar annual rate to that of sales, dipping by 53.1 per cent to 9,104. On a month-over-month basis, actual new listings were up by47.5 per cent.

The MLS® Home Price Index Composite Benchmark price was virtually unchanged in May 2020 compared to
April 2020. On a year-over-year basis, the composite benchmark was up by 9.4 per cent. The average selling
price for all home types combined was up by three per cent compared to May 2019 to $863,599. On a seasonally adjusted basis, the average selling price was up by 4.6 per cent month-over-month compared April 2020.
The difference in year-over-year growth between the MLS® HPI Composite Benchmark and the average selling price was related to the fact that home sales in the City of Toronto, particularly in the detached segment, were down by a greater annual rate than overall sales in the GTA. This resulted in a compositional impact on the overall average selling price.