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A 20-year low in the number of homes being listed for sale is causing Toronto area house prices to rise again, despite today's high interest rates.
Politicians and many media outlets appear to be confused about when home prices began spiralling out of control.
Amidst continuing historically low levels of home sales, the competition for houses is surprisingly intense in Greater Toronto Area (GTA) as demand outpaces listings.
In spite of historically low sales levels and high interest rates, the demand bottleneck typical of the first quarter is making its annual appearance.
New statistics show high levels of local investor investment in Ontario's housing market.
Toronto area sales levels continue to hit historical lows, but low listing levels keep prices flat.
2022 home prices are up year-over-year, but this obscures a tumultuous year in which prices hit new highs at the start, fell sharply in the middle, and have stayed flat since.
Aside from a small dip during Covid, Toronto rents are ever higher for both condos and houses - as buying becomes more out of reach for many.
After long denying the role that foreign buyers play in Canada's housing market, the federal government and authorities are not targeting the real problem.
Most recent market numbers from November show that prices in the Toronto area market are plateauing - for now.
Latest numbers continue to show a stalemate - for now.
The path forward is far from certain - I take a close look at the data to see what might happen next.
September market numbers are out - and I review how they stack up against on the ground realities now.
What economic research says about how real estate prices tend to move when the market changes suddenly.
Rising rents are keeping investors optimistic - for now.
With demand for real estate falling off dramatically, why aren't we seeing the build-up of homes on the market we'd expect?
August market numbers are out - and I review how they stack up against on the ground realities now.
The number of homes listed under the critical $1 million mark increases as the Toronto area real estate market continues to slow down.
Areas that rose the highest during the Covid-boom are falling the most.
Toronto is the first municipality in the GTA to return to pre-pandemic prices.
Average house price down to $1,285,222 in July, down 1% over last year, while average condo prices slid to $738,930, still 7% up over last year.
Since February 2022, condo sales and prices are declining far more rapidly in the suburbs than in the City of Toronto.
We haven't seen numbers like this since the height of the onset of Covid-19 pandemic.
How you need to adjust your strategy in a suddenly changing market.
Some areas that saw the fastest price gains during the pandemic are now coming down.
How consumer - and agent - anxiety is playing a role.
Over the last decade in the Toronto area, this increase has averaged 8% per year - but not this year.
The big news in the housing market has been surging interest rates.
While March 2022 housing market numbers were well above those of 2021 and 2020, there are some signs of cooling as average prices fall slightly from February.
The numbers show that Canada's home prices standout amongst comparable countries.
The numbers for February continued to show a hot market.
Cold weather and snow storms in January did nothing to cool down Toronto’s red hot housing market.
How Canada's immigration rate affects home prices
As rising interest rates and other market cooling factors arise, will home prices necessarily fall?
A closer look at the more likely - though yet to be seen - factors.
Record year of 119,532 home sales, surpassing the previous record of 112,288 in 2016.
Why a change who's behind the demand for homes makes all the difference.
Colder weather has had no effect on Toronto’s red hot housing market which continued to show signs of heating up last month.
Real buyer demand has explained home prices rises recently, but is a familiar old factor now the story?
The Toronto Area real estate market once again posted strong numbers in October.
Ontario realtors are now joining experts and activists in calling for zoning rule changes to address Toronto's housing supply problem.
A deep data dive takes us past some familiar complaints to find the real reasons our supply of homes can't meet demand.
How seriously should we take the latest alarm from Canada's top housing authority?
Average house prices jump up after months of holding steady as new listings remain historically low and average condo prices rise slightly.
We are finally outraged about high home and rent prices enough to have Canadian politicians pledging to do something about it - will any of the proposals actually work?
A look back on how housing affordability became one of the hottest issues in today's Canada.
A 56% decline from inventory levels year-over-year as the fall market is expected to remain as competitive as it has been this summer.
Following the pandemic-induced slowdown, the number of leased condo units has returned to a historically high level.
As Canada heads into an election this fall, here's a closer look at two policy areas that need to be better linked to tackle housing affordability.
July's market numbers show that new listing supply for houses is falling faster than for condos.
How differing beliefs about the housing market between buyers and investors leads to very different market outcomes.
Signs that the market is still moving quickly, but not as out-of-control as it was months ago.
The Toronto area market is still competitive and favouring sellers - but things are cooling down.
Is it financially safe and worth making so many other sacrifices - like a long commute or living on a busy street - to get into the Toronto area housing market right now?
In the GTA's overheated market, even first-time buyers with good incomes are finding it nearly impossible to afford a home without long commutes to the city.
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