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October 2020 Market Watch

Friday Nov 6th, 2020

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Home sales in the Greater Toronto Area (GTA) were up again year-over-year for the fourth month in a row. Our Members made 10,563 sales as reported through the Toronto Regional Real Estate Board’s MLS® System in October 2020. This was up by 25.1 per cent compared to 8,445 transactions in October 2019. Sales and new listings reached record levels for the month of October. However, year-over-year growth rates for sales and new listings diverged in some market segments. In the detached... [read more]

September 2020 Market Report

Thursday Oct 22nd, 2020

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GTA REALTORS® Release September Stats Toronto Regional Real Estate Board President Lisa Patel announced that sales reported through TRREB’s MLS® System by Greater Toronto Area REALTORS® amounted to 11,083 – a new record for the month of September. This result was up by 42.3 per cent compared to September 2019. Following a record third quarter, sales through the first nine months of 2020 were up by approximately one per cent compared to the same period... [read more]

August 2020 Market Watch

Tuesday Sep 8th, 2020

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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 percent 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... [read more]

July 2020 Market Report

Monday Aug 17th, 2020

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Sales activity was extremely strong for the first full month of summer. Normally we would see sales dip in July relative to June as more households take vacation, especially with children out of school. This year, however, was different with pent-up demand from the COVID-19-related lull in April and May being satisfied in the summer, as economic recovery takes firmer hold, including the Stage 3 re-opening. In addition, fewer people are travelling, which has likely translated into more... [read more]

June 2020 Market Watch

Monday Jul 13th, 2020

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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.... [read more]

May 2020 Market Watch

Friday Jun 12th, 2020

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" 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... [read more]

April 2020 Market Watch

Saturday May 9th, 2020

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April 2020... this month will go down in history. The affects of the Covid 19 lockdown were odd. Yes, the market slowed down but prices remained stable. Real Estate transactions continued to happen, completed transactions were closing and people were moving. The listing inventory was unseasonably low, of course a direct reaction to the Covid lockdown, down 64.1% from April 2019. The total residential transactions as expected were down -67% from last year. The most interesting stat is... [read more]

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