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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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