Sales soared 26% from month before, prices up 2.3%   Canadian home sales surged to a record in July as homebuyers emerged from lockdowns.   Transactions for existing properties reached 62,355 in the month, up 26 per cent from a month earlier, the Canadian Real Estate Association reported. Benchmark prices were 2.3 per cent higher on the month, as pent-up demand for homes collided with ex...Read More

Torontonians are increasingly heading to the suburbs and further afield, driving up sales in Niagara, Durham Region and Hamilton, as they search for more space after months of being cooped up in their condos and relatively tiny homes during the pandemic.   I’ve dealt with buyers seeking the space and size that Durham houses offer. One recent buyer left a condo, while a few of my current...Read More

The Toronto Regional Real Estate Board (TRREB) reported a decline in the number of sales during May 2020, down by 53.7% compared to May 2019. A total of 4,606 sales were completed through the TRREB’s MLS® System in May 2020. The number of new listings entered into TRREB’s MLS® System during May was down by 53.1%, leading to a tight market, in which demand often exceeded supply ...Read More

The Toronto Real Estate Board reported another year-over-year increase in the level of home sales during the month of September. The number of transactions reached 7,825, up 22% when compared to the same month last year. The supply of new listings throughout the GTA is slightly lower, contributing to upward price pressure in some selective markets.   The average selling price in September of ...Read More

The Toronto Real Estate Board reported another year-over-year increase in the level of home sales during the month of August.The number of transactions reached 7,711, up 13.4% when compared to the same month last year.The average selling price within the GTA was $792,611 during August 2019, up by 3.6% on a year-over-year basis.   Continued modest price growth and the increased sales activity ...Read More

According to a ranking done by Maclean’s “Canada’s Best Communities ranking, Whitby was ranked highest amongst the other municipalities in Durham Region. The magazine ranked 415 communities across Canada and Whitby came in as the top Durham Region community with a 55th place showing. Ajax was second at 66, followed by Clarington at 96.   Uxbridge was 145, two places in front...Read More

The Toronto Real Estate Board reported another year-over-year increase in the level of home sales during the month of July. The number of transactions reached 8,595, up 24.3% when compared to the same month last year.   The overall average selling price during July 2019 was $806,755 – up by three per cent compared to the average sale price recorded in July 2018. Modest price growth and ...Read More

The Toronto Real Estate Board reported another year-over-year increase in home sales during the month of June. The number of transactions reached 8,860, up 10.4% over the same month last year. Sales volume over the first six months of 2019 are up 8.5% when compared against the first half totals of 2018.   The overall average selling price in June 2019 was $832,703 – up by three per cent...Read More

The federal housing agency (CMHC) has lowered its assessment of the health of the national housing market to “moderate,” from “high,” according to a report issues on Thursday. Canada Mortgage and Housing Corp. cited evidence of easing price acceleration for the country as a whole, primarily supported by much better fundamentals and prices in the Toronto and Vancouver market...Read More

The Toronto Real Estate Board reported that 7,187 residential sales through TREB's MLS System during March 2019. This result was in line with 7,188 sales reported in March 2018. For the first quarter of 2019, sales were down by one per cent compared to Q1 2018. The average price achieved during March was up marginally to $788,335. The average selling price for Q1 2019 compared to the same peri...Read More