MARKET INSIGHTS & UPDATES

What Trends are we Seeing? Real Estate activity is starting to foreshadow the seasonal weather.  Although there were instances at the backend of October where we saw increased activity in the $1.0M to $3.0M price range, the overall figures start to look like a slippery slope to toboggan down moving into the winter months.  A few notable figures are as follows: Home prices declined for the fifth consecutive month in October Stepping back and comparing to the market peak in 20

What Trends are we Seeing? There are some bigger and scarier numbers coming to fruition from the real estate market.  Below are few Halloween haunt type figures. Fourth weakest September for number of sales in the last 20 years Number of sales in September were 27.4 per cent below the 10-year average and 32.3 per cent below 2019 Total inventory now sits 80.4 per cent above the 10-year average and 78.1 per cent above 2019 levels Average price in September was 24.9 per cent be

What Trends are we Seeing? The only time we know when we have hit bottom is when the recovery has commenced.  We are currently in, the second worst real estate recessions encountered.  August was no exception, posting near record figures, not in a good way.  We cannot hide from the fact that August 2025 was the second worst month in 25 years with respect to numbed of transactions.  Note however, it is an improvement by 2.35 per cent compared to August 2024.  Inventory figures

What Trends are we Seeing? The affordability metric shift showed up in July 2025.  February 2022 was the Toronto Regional Real Estate Boards (TRREBs) peak benchmark price.  Since then, prices have dropped 23.6 per cent.  July 2025 alone represented 4.7 per cent of the total decline in the benchmark price. Buyers showed up creating a four year high in terms of number of sales for the month of July.  The number of homes sold in Toronto increased by 13 per cent from June 202

What Trends are we Seeing? By all accounts we should have seen a more significant shift in the affordability metric to the Toronto and Greater Toronto Area (GTA) real estate market.  Headlines like Active listings up 30.8 per cent in June year-over-year Grater Toronto real estate inventory of active listings of homes for sale on MLS hits a record high for June Greater Toronto real estate sales slip to a 25-year low 354 new homes sold in May 2025 17 months of new home invento

What Trends are we Seeing? The month of May continued to bring similar numbers on a year-over-year basis which point to a suppressed real estate market.  On the Toronto Regional Real Estate Board (TRREB), total inventory increased 41.5 per cent year-over-year, new listings increased 14.0 per cent year-over-year, number of sales were down 13.3 per cent year-over-year, and average selling price was done four per cent year-over-year. There is no doubt that the real estate mark

What Trends are we Seeing? Below are some facts to consider: Number of homes sold April 2024 were DOWN 23 per cent year-over-year Number of homes sold April 2024 were UP 1.8 per cent month-over-month Average price is essentially FLATLINED April 2024 experienced a 4.1 per cent decrease in average price year-over year April 2024 experienced a 0.7 per cent decrease in average price month-over month Looking at average price on each month over the last three years we see that it

What Trends are we Seeing? Multiple offers: that was unexpected wasn’t it!?  Depending on the price point and product type we are seeing multiple offers.  The latter half of March proved to be a good time to sell for owners of semi-detached and townhouses priced between $1.0 million and $1.5 million.  Detached homeowners with assets valued below $2.5 million also found multiple buyers coveting their properties.  Key for the homeowners that attracted attention from multiple bu

What Trends are we Seeing? February 2025 Toronto Regional Real Estate Board (TRREB) delivered an average price drop of 2.2 per cent on a year-over-year basis.  This relatively unchanged average price metric flew in the face of inventory figures which would otherwise call for a much deeper price correction.  Total inventory soared 76 percent higher in February 2025 compared to that of February 2024 with a total of 19,536 properties available.  Total number of sales decreased

What Trends are we Seeing? January 2025 Toronto Regional Real Estate Board (TRREB) posted a 70.2 per cent increase in total inventory from January 2024 driven by i) a 48 per cent increase in new inventory and ii) 7.9 per cent less transactions year-over-year. This resulted in a Sales to New Listing Ratio of 31 percent which was a 19 per cent drop year-over-year. A Sales to New Listing Ratio below 40 per cent is indicative of a buyer’s market. The cracks are showing. Yet, from

What Trends are we Seeing? 2024 will likely be noted as a challenging one for both buyers and sellers for years to come. From a buyer’s perspective the fundamentals of supply and demand played in their favour; seemingly.  Even though interest rates dropped, affordability was still a challenge for many buyers struggling to meet downpayment requirements and seller resilience from a price perspective.  The result was an average price drop on the Toronto Regional Real Estate Bo

What Trends are we Seeing? The Toronto Regional Real Estate Board (TRREB) has now seen two 40 per cent plus increase in number of transactions for the past two months on a year-over-year basis.  With November 2024 number of transactions exceeding that of November 2023 by 40.1 per cent the term “inflection” point associated with October 2024s 44.4 per cent increase in sales year-over-year has now turned into a more definitive “rebounding”.  This is underscored by the Sales to

What Trends are we Seeing? With the Toronto Regional Real Estate Board (TRREB) posting an October 44.4 per cent increase in sales year-over-year it has been noted to be an emphatic movement of buyer’s off of the sidelines and back into the real estate market.  Average price increased 1.1 per cent year-over-year in October 2024.  The movement in number of sales was entrenched throughout the real estate market both with respect to geographic location and product type. YEAR-OVE

What Trends are we Seeing? The number of home sales in September 2024 rose by 8.5 per cent relative to that of September 2023.  The combination of softer home prices and decreasing interest rates have brought some wait-and-see buyers off the sidelines.  The benchmark home price index dropped 4.58 per cent on a year-over-year basis to $1,068,700. The largest decline came from the townhome market with a 4.0 per cent decline ($904,200).  The second largest decline came from the

What Trends are we Seeing? With the Sales-to-New Listing Ratio (SNLR) for residential homes at 40% we continue to see a buyer’s or balanced market.  Note that this is an uptick from prior months of July and August where the SNLR was definitively a buyer’s market.  The number of transactions in August 2024 decreased to that of August 2023 by 5.3%.  Notable is that there was an increase in the number of transactions from July 2024 to August 2024 by 0.6 per cent.  All property

What Trends are we Seeing? From properties that are struggling to get a showing, to multiple offers on $2.0M+ properties and in the last 90 days seeing two +/-$5.0M sales which have been listed as long as 18 months the real estate market is as easy to predict as the weather.  The Sales to New Listing Ration (SNLR) moved deeper into buyer market territory from June’s 38 per cent to July’s 33 per cent.  Yet, sales increased from July 2024 relative to that of July 2023 by 3.3 p