The Monthly Numbers

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All Eyes Are On the Fall Housing Market

What buyers and sellers do in September will set the tone for the rest of the season.

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Why Aren’t Condo Prices Falling Yet?

The Greater Toronto Area has a record 11,079 condominium units available for sale, the highest number of units for any month in any year. 

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Why Does Toronto Have a Record Number of Condos for Sale During a Housing Shortage?

The number of condos available for sale in the Toronto area has reached another new record high — so will this surge ease our housing shortage?

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Record Number of Condos for Sale in the Toronto Area

At the end of May, the Toronto area had 9,951 condominiums available for sale, the highest number of units for sale for any month in recent history. 

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Delayed Rate Cuts Chill Toronto’s Spring Real Estate Market

Normally the busiest time of the year, soft demand for houses and a spike in condo listings stand out in last month's market statistics.

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Detached Home Market Remains Competitive Despite Soft Sales

The latest stats are in for March 2024.

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New Listings On The Rise in Toronto Area Housing Market

Latest data shows Toronto’s housing market remained competitive in February, but a significant increase in new listings is taking some heat out of the market.

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Toronto Area Housing Market off to a Hot Start in 2024

The housing market in the Toronto area became far more competitive in January thanks to a rapid increase in the number of sales and moderate to no growth in the number of new...

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Toronto’s Roller Coaster 2023 Housing Market Ended With 20 Year Low in Sales

The GTA’s housing market ended the year with the lowest number of home sales in over 20 years. 

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Is Toronto's Market Turning a Corner? - December 2023 Market Update

Is Toronto’s housing market turning another corner after being sluggish over the past few months?

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High Interest Rates Weigh Down Home Sales - November 2023 Market Update

The current high interest rate cycle, which started in 2022, has continued to push home sales in the Greater Toronto Area to historic low levels. 

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As Toronto Housing Market Cools, Inventory Builds - October 2023 Market Update

We are finally starting to see some inventory build up as listings start to increase while sales slow heading into the fall market.

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Toronto Area Listings Increasing + A Precarious Fall Market - September 2023 Market Update

Toronto’s housing market continued to cool as we moved towards the end of the summer season. 

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Average Home Prices Trending Down in Toronto Area - Toronto Area Real Estate Market Update - August 2023

A closer look at weekly, rather than monthly numbers, reflects the same market slowdown being seen on-the-ground in the Toronto area real estate market.

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Sellers See Fewer Bidding Wars as Market Cools - Toronto Area Real Estate Market Update - July 2023

A closer look at weekly, rather than monthly numbers, reflects the same market slowdown being seen on-the-ground in the Toronto area real estate market.

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The Housing Market Is Still Hot But Likely to Cool - Toronto Area Real Estate Market Update - June 2023

This was the first month since last June that saw house prices increase year-over-year.

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Limited Listing Supply Pushes House Prices Up - Toronto Area Real Estate Market Update - May 2023

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.

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Toronto House Prices Are Trending Up Again - Toronto Area Real Estate Market Update - April 2023

Amidst continuing historically low levels of home sales, the competition for houses is surprisingly intense in Greater Toronto Area (GTA) as demand outpaces listings.

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Low Supply Heats Up Activity, Bidding Wars Across GTA - Toronto Area Real Estate Market Update - March 2023

In spite of historically low sales levels and high interest rates, the demand bottleneck typical of the first quarter is making its annual appearance.

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Tight Inventory Levels Up Only Slightly - Toronto Real Estate Market Update - Feb 2023

Toronto area sales levels continue to hit historical lows, but low listing levels keep prices flat.

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After a Wild Drop, GTA Home Prices Remain in Uneasy Hold - January 2023 Market Update

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.

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Prices Have Stabilized - for Now - Amidst 20-Year Sales Lows - December Market 2022 Report

Most recent market numbers from November show that prices in the Toronto area market are plateauing - for now.

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November 2022 Market Update: 20 Year Lows in Sales - and Listings - Are Keeping Prices Flat

Latest numbers continue to show a stalemate - for now. 

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October 2022 Market Update: New Listings Hit a 20-Year Low in Toronto

September market numbers are out - and I review how they stack up against on the ground realities now.

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September 2022 Market Update: Toronto Home Prices Level Off Due to Low Inventory

August market numbers are out - and I review how they stack up against on the ground realities now.

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August 2022 Market Update: Toronto Area House Prices Down YOY for First Time Since Peak

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.

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July 2022 Market Update: Toronto Area House & Condo Prices Fall Again

Latest market numbers show that Toronto's house and condo prices falling up to 20% from peaks earlier this year though staying slightly up year-over-year.

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June 2022 Market Update: Toronto Real Estate Sales Hit Historic Low

Early signs of a slowdown on-the-ground now strongly showing in the latest market numbers.

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May 2022 Market Update: Significant Data Changes as Market Cools

The slowdown we were first seeing on the ground over the past two months is now showing in the numbers.

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Toronto Market Update: Average Home Prices Fall Slightly From Last Month

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.

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Toronto Market Update: House Prices Up 31%, Condos 26% Over Last Year

The numbers for February continued to show a hot market.

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Toronto Market Update: January House Prices Up 25% in 6 Months

Cold weather and snow storms in January did nothing to cool down Toronto’s red hot housing market. 

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Toronto Market Update: Looking Back at the Year That Was 2021

Record year of 119,532 home sales, surpassing the previous record of 112,288 in 2016.

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Toronto Market Update: Demand Surge Outpaces New Listings in November

Colder weather has had no effect on Toronto’s red hot housing market which continued to show signs of heating up last month.

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Toronto Market Update: Median Now $1.3M for Houses, $660K for Condos

The Toronto Area real estate market once again posted strong numbers in October.

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Toronto Market Update: House Prices Jump Up in Sept After Holding Steady

Average house prices jump up after months of holding steady as new listings remain historically low and average condo prices rise slightly.

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Toronto Market Update: Only 4,001 Houses for Sale in Aug As Listings Drop

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.

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Toronto Market Update: Cooling But Still Competitive As New House Listings Down 37%

July's market numbers show that new listing supply for houses is falling faster than for condos.

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Toronto Market Report: Average GTA House Price Stays At $1.3M Since Feb

The Toronto area market is still competitive and favouring sellers - but things are cooling down.

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Toronto Market Report: May Sales Up YOY But Down from March Peak

House sales of 7,825 in May are up 157% over last year - but this is due to the anomalies of the COVID-19 lockdown last year - and sales volumes have been trending down since...

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Toronto Market Report: 73% of Homes Sell Over Asking - But Signs of Cooling in April

The most important trend of note now is the start of a gradual cooling down in the market for houses across the Greater Toronto Area.

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Toronto Market Report: Highest Number of Sales Pushes Average Home Price to $1.1M in March

With 79% of houses and 63% of condos selling over the asking price in a pandemic no less, average home buyers are stressed - and confused.

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Does Toronto Have a Home Supply Problem?

This month we explore low inventory levels and demand shock in Toronto's housing market. 

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Are the Bank of Canada and CMHC Fuelling a Housing Bubble?

This month we explore the booming housing market in Toronto and across Canada and how new macro-prudential policies can be introduced to help cool the market. 

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Toronto Market Report: 79% of Houses Sell Over Asking in February

'Excessive exuberance' on display in the Toronto area real estate market right now.

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Toronto’s Suburban Housing Bubble

This month we look at Toronto's emerging housing bubble in the suburbs, how it's different from 2017 and how it will end this time around. 

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Best Performing Neighbourhoods in Toronto and the GTA - Condos

In this post we look at the condominium neighbourhoods within the Toronto and GTA area that have performed well in terms of home price appreciation during 2020. 

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Best Performing Neighbourhoods in Toronto and the GTA - Houses

Given the year we’ve had and the impacts of the COVID-19 pandemic, it’s interesting to note which neighbourhoods within the Toronto and GTA area have performed well in terms of...

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2021: The Year Ahead — What's Next for Toronto Real Estate?

In this month's Move Smartly report, we look at key trends to keep an eye on in the Toronto real estate market during 2021.

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2020: Year in Review — COVID-19 Impacts on Toronto Real Estate

In this month's Move Smartly report, we look back at 2020 and how COVID-19 impacted the Toronto real estate market. 

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When Will Toronto’s Downtown Condo Market Return to Normal?

This month's Move Smartly report discusses when Toronto's downtown condo market will return to normal and the many vulnerabilities it faces. 

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Bubble Like Appreciation in Toronto's Suburbs

This month's Move Smartly report investigates the rapid acceleration in demand and house prices in Toronto's suburban markets. 

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Toronto Condo Prices Down 9% from Peak

Our lead story in this month's Move Smartly Report unpacks conflicting reports about the condo market.

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Why Are Condo Units for Rent Surging in Toronto?

This month, The Move Smartly Report digs into where Toronto's surge in condo rental supply is coming from.

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Will Toronto Area Home Prices Fall in 2020?

Our Monthly Market Report looks at how well major forecasts for Toronto area home prices are holding up six months after the start of the Covid-19 crisis.

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Toronto Area Home Sales Hit a Record Low in April

The Greater Toronto Area saw a record low 2,942 home sales in April 2020.

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Average Condo Rents Fall in Toronto

 The average rent for a condo across the Toronto area is down, while units for rent climb.

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Why We Should Be Worried About Toronto Condo Prices Rising

Realosophy's John Pasalis talks to BNN's Greg Bonnell about why sharply rising prices - particularly in Toronto's condo sector - might be a cause for concern.

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Toronto Area Home Prices Climb as New Listings Plummet

The Toronto Area real estate market is heating up and getting competitive this winter as sales and prices rise and the number of new listings falls. 

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What’s Driving Toronto & Area Housing Market Surge (This Time)

Why momentum is swinging back to the regions - and types of homes - that were hit hardest in last few years.

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Condo Sales Up 16% in Toronto Area at Start of Fall Market

All Toronto area regions saw sales grow by double digits - except for Halton.

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Toronto Suburbs Drive Home Sales up 13% in August

August home sales in the Greater Toronto (GTA) area were up 13% over the same month last year based on Realosophy Realty's analysis of sales through the Toronto Real Estate...

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