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TRUSTWELL REALTY INC. Brokerage's blog

Toronto Real Estate Market Stats - April 2022

Compared to March 2022, active listings were on the rise, prices and volume came down from the previous month. This suggests a growing gap between seller expectations and buyer demand. High inflation and sharp rises in mortgage rates were noted as major factors. Still, conditions supported an impressive 15% price growth from last year even with more listings.

Toronto Real Estate Market Stats - March 2022

Average home price dipped to $1.3M from February. Condos still maintaining value. Active listings grew from previous month more than number sales, showing reduction in buyer competition.

Toronto Real Estate Market Stats - February 2022

Buyer competition is still high but increased listings and volumes from January could be signs of easing in to the Spring market when more listings are expected to appear. Higher borrowing costs expected to tame demand but will likely be countered by increased immigration and continued low supply.

Toronto Real Estate Market Stats - January 2022

Sold volumes remain relatively low while average prices reach record highs. Active listings actually increased from last month. Still a very strong seller’s market.

Toronto Real Estate Market Stats - December 2021

While sales and prices have come down from November, active listings decreased 59%. Supply pressures resulted in price growth YoY especially in low-rise segments.

Toronto Real Estate Market Stats - November 2021

Sales volume and prices up 3.3% and 31.7% while new listings down 13.2%, showing continued supply issues. Growing population and economic recovery may lead to higher sales activity in more affordable home types.

Toronto Real Estate Market Stats - October 2021

Demand and sales prices persisted with modest sales activity growth from September, except condo apartment prices decrease slightly. Low inventory counteracted usual seasonal declines.

Toronto Real Estate Market Stats - September 2021

September showed growing demand for more affordable home segments. Increased volume of condo sales drove overall volume and still had price growth. Low rises sustained low supply and significant price growth.

Toronto Real Estate Market Stats - August 2021

SAlthough sales activity slowed in line with seasonality, low supply still met with strong demand to keep prices up. TRREB points to immigration and federal party positions on affordable housing as future influences.

Toronto Real Estate Market Stats - June 2021

Sales volume decreased but is still high for this time of year. New and active listings decreased further squeezing sales prices upward. Population growth said to be resurging.

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