TORONTO, ONTARIO, September 3, 2021 – TRREB is reporting the third-best sales result on record for the month of August. While the market has taken its regular summer breather, it is clear that the demand for ownership housing remains strong. At the same time, the supply of listings is down. The result has been tighter market conditions and sustained competition between buyers, resulting in double-digit annual increases in selling prices. Greater Toronto Area... [read more]

  There can be a lot of pros to selling your home during a seller's market, but there can be cons as well. Especially if you are trying to buy a new home at the same time.    Pro: higher home prices   Those who are selling in a market without a lot of competition are usually able to get higher prices for their homes.   Con: higher home prices   On the flip side, since many sellers are also looking to buy another property after they... [read more]

With almost 9,400 sales reported in July 2021, demand for ownership housing remained well-above average for the time of year despite being below the record July result set a year earlier. Market conditions actually tightened relative to July 2020, with sales accounting for a greater share of new listings compared to last year. The sellers’ market conditions sustained a double-digit annual rate of price growth. “Demand for ownership housing has remained strong despite a... [read more]

June home sales were up compared to last year, but remained below the March 2021 peak and were lower than the number of transactions reported for May 2021, consistent with the regular seasonal trend. The average selling price in June increased by double digits compared to last year as well, but the annual rate of increase moderated compared to the previous three months. Greater Toronto Area REALTORS® reported 11,106 sales through TRREB’s MLS® System in June 2021 –... [read more]

Residential transactions reported through TRREB’s MLS® System remained high in May 2021, but fell short of the 2016 record and were below this year’s March peak. Despite a slight ebb in sales over the last two months, market conditions remained tight enough to push the average selling price to an all-time record in May. Greater Toronto Area REALTORS® reported 11,951 sales in May 2021 – more than double the result from May 2020, the second full month of the... [read more]