3/3/2023 | Posted in GTA Real Estate by Stephen Gale
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February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022.

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GTA Home Sales and Listings Drop In February

  2/3/2023 | Posted in GTA Real Estate by Stephen Gale
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As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were ... More

GTA Real Estate Market Starts the New Year the Same as It Ended Last Year

  12/6/2022 | Posted in GTA Real Estate by Stephen Gale
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Homeownership market activity in November continued to be influenced by the impact of higher borrowing costs on affordability. Sales were down markedly compared to the same ... More

Interest Rate Hikes Drive Down Home Sales and New Listings in November

  11/23/2022 | Posted in GTA Real Estate by Stephen Gale
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The market is still reeling from the pronounced slowdown seen in the overall Canadian housing sector this year, new report says

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How did the GTA new home market perform in October?

  11/3/2022 | Posted in GTA Real Estate by Stephen Gale
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Despite the continued housing market transition to a higher borrowing cost environment, the average selling price in the Greater Toronto Area (GTA) found some support near $1.1 ... More

New GTA Listings Down While The Average Selling Price Levels Off In October

  10/5/2022 | Posted in GTA Real Estate by Stephen Gale
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The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs in September 2022.

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Supply Remains an Issue Despite Impact of Higher Mortgage Rates

  9/2/2022 | Posted in GTA Real Estate by Stephen Gale
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There were 5,627 home sales reported through the Toronto Regional Real Estate Board’s (TRREB) MLS® System in August 2022, representing a year-over-year dip of 34.2 ... More

Borrowing Costs and Housing Supply Impacting The GTA Real Estate Market

  8/4/2022 | Posted in GTA Real Estate by Stephen Gale
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There were 4,912 home sales reported through the Toronto Regional Real Estate Board (TRREB) MLS® System in July 2022 - down by 47 per cent compared to July 2021. Following ... More

GTA Home Sales and Listings Trend Downwards in July

  7/29/2022 | Posted in GTA Real Estate by Stephen Gale
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The Greater Toronto Area’s average rent has reached a new high in Q2 amid intensified competition, according to the region’s real estate industry association.

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The region is seeing rapidly intensifying competition, industry board says

  7/13/2022 | Posted in GTA Real Estate by Stephen Gale
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Royal LePage has cut its home price forecast for this year amid a series of aggressive interest rate hikes which have pushed up the cost of borrowing and cooled the demand for ... More

Royal LePage cuts home price forecast for GTA amid series of aggressive interest rate hikes

  7/6/2022 | Posted in GTA Real Estate by Stephen Gale
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Higher borrowing costs continued to impact home sales in June 2022. Sales totalled 6,474 – down by 41 per cent compared to last year’s strong result. The number of ... More

TRREB Forecasts Current Market Conditions to Remain Over Summer

  6/27/2022 | Posted in GTA Real Estate by Stephen Gale
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The cost of rent here in the GTA is on the rise.

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Average GTA rent price saw highest increase in 3 years: report

  6/4/2022 | Posted in GTA Real Estate by Stephen Gale
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The tide continued to shift in favour of homebuyers in the Greater Toronto Area (GTA) last month amid higher borrowing rates.

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Toronto home prices fall as sales take another hit in May

  6/3/2022 | Posted in GTA Real Estate by Stephen Gale
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Greater Toronto Area (GTA) housing market conditions continued to evolve in response to higher borrowing costs. Similar to April results, May 2022 sales were down on a monthly ... More

Market Continues To Balance Out As Borrowing Costs Trend Higher

  5/4/2022 | Posted in GTA Real Estate by Stephen Gale
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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.

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Market Adjusts To Higher Borrowing Costs In April

  5/4/2022 | Posted in GTA Real Estate by Stephen Gale
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Greater Toronto Area (GTA) new condominium sales reached their highest Q1 on record with 8,253 units sold, rising 55% year-over-year and exceeding the 10-year average (5,154 ... More

GTA New Condo Sales Reach Record High in Q1

  4/22/2020 | Posted in GTA Real Estate by Stephen Gale
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Greater Toronto Area REALTORS® reported 1,654 home sales through TRREB’s MLS® System during the first 17 days of April – down by 69 per cent compared to the ... More

TRREB Releases Mid-April Market Update

  4/22/2020 | Posted in GTA Real Estate by Stephen Gale
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Toronto home sales tumbled in the first half of April, down 69 per cent compared with the previous year, as the coronavirus pandemic led to an economic slowdown and a huge ... More

Toronto home sales plummet in April as coronavirus shutdowns hit housing market

  4/3/2020 | Posted in GTA Real Estate by Stephen Gale
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Despite a strong increase in sales for March 2020 as a whole, there was a clear break in market activity between the pre-COVID-19 and post-COVID-19 periods.

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TRREB Releases Monthly Resale Housing Market Statistics

  2/10/2020 | Posted in GTA Real Estate by Stephen Gale
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Mortgage stress test forces homebuyers further outside GTA to find house they can afford.

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Drive until you qualify

  1/7/2020 | Posted in GTA Real Estate by Stephen Gale
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The MLS® Home Price Index Composite Benchmark was up by 7.3% on a year-over- year basis in Dec 2019. From June 2019 onward, the annual growth rate in the MLS® HPI ... More

GTA REALTORS Release December and Annual 2019 Stats

  12/4/2019 | Posted in GTA Real Estate by Stephen Gale
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Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB’s MLS® System in November 2019 ... More

TREB Releases November Market Figures as Reported by GTA REALTORS

  11/5/2019 | Posted in GTA Real Estate by Stephen Gale
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Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,491 residential sales through TREB’s MLS® System in ... More

TREB Releases October Market Figures As Reported By GTA Realtors

  10/3/2019 | Posted in GTA Real Estate by Stephen Gale
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Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,825 sales through TREB's MLS® System in September 2019. ... More

TREB Releases September Market Figures As Reported By GTA Realtors

  9/18/2019 | Posted in GTA Real Estate by Stephen Gale
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According to a recent BILD report, these charges make a significant impact on affordability.

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Buyers of new GTA homes face $222K in government charges

  9/5/2019 | Posted in GTA Real Estate by Stephen Gale
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Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,711 residential sales through TREB’s MLS® System in ... More

TREB Releases August Market Figures

  8/17/2019 | Posted in GTA Real Estate by Stephen Gale
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Exceptional job growth in the Greater Toronto Area, along with consistently high immigration, has spurred strong rental demand through the first half of 2019.

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GTA market fundamentals to remain robust going forward
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