Real Estate News & Stats

GTA Realtors® Release September Sales Stats

TORONTO, ONTARIO, October 4, 2017 – Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 6,379 sales through TREB’s MLS® System in September 2017. This result was down by 35 per cent compared to September 2016. The number of new listings entered into TREB’s MLS® System amounted to 16,469 in September – up by 9.4 per cent year-over-year. “The improvement in listings in September compared to a year earlier suggests that home owners are anticipating an uptick in sales activity as we move through the fall. Consumer polling undertaken...

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GTA Realtors® Release August Sales Stats

TORONTO, ONTARIO, September 6, 2017 – Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 6,357 home sales through TREB’s MLS® System in August 2017. This result was down by 34.8 per cent compared to August 2016. The number of new listings entered into TREB’s MLS® System, at 11,523, was down by 6.7 per cent year-over-year and was at the lowest level for August since 2010. “Recent reports suggest that economic conditions remain strong in the GTA. Positive economic news coupled with the slower pace of price growth we are now experiencing...

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Strategies For Deals That Are Falling Apart

Written by Lorne Shuman Anyone involved in the GTA real estate market understands that the market has changed dramatically since the introduction of the government changes in April.  These changes, announced without any advance warning, have had a dramatic impact for many buyers and sellers who bought or sold the property prior to their introduction. My office has had many deals involving buyers who could not close either because they could not sell their existing property for the price that they expected to receive or because their lender reappraised the property that they were buying...

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GTA Realtors® Release July Housing Market Figures

TORONTO, ONTARIO, August 3, 2017 – Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area Realtors® reported 5,921 residential transactions through TREB’s MLS® System in July 2017. This result was down by 40.4 per cent on a year-over-year basis, led by the detached market segment – both in the City of Toronto and surrounding regions.While sales were down, the number of new listings reported were only slightly (+5.1 per cent) above last year’s level. “A recent release from the Ontario government confirmed TREB’s own research which found that foreign...

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GTA Realtors® Release Q2 Condo Market Sales Stats

TORONTO, ONTARIO, July 24, 2017 – Toronto Real Estate Board President Tim Syrianos announced the release of TREB’s Q2 2017 Condo Market Report. Greater Toronto Area REALTORS® reported 8,223 condominium apartment sales reported through TREB’s MLS® System between April and the end of June. This result was down by eight per cent compared to 8,942 sales reported in Q2 2016. New listings of condominium apartments were up slightly on a year-over-year basis by 0.7 per cent to 13,682. “Despite the recent dip in overall GTA home sales, the condominium apartment market was quite resilient,...

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GTA Realtors® Release Q2 Rental Market Stats

TORONTO, ONTARIO, July 24, 2017 – Toronto Real Estate Board President Tim Syrianos announced the continuation of very tight conditions in the condominium apartment rental market in the second quarter of 2017. The number of rental transactions reported through TREB’s MLS® System remained in line with Q2 2016 levels, while the number of units listed at some point during the quarter declined year-over-year. Average annual rates of rent growth for one- and two-bedroom condominium apartments were over eight per cent. "The Greater Toronto Area continues to be a very attractive place to live...

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Mid July 2017 TREB Sales Stats

July 20, 2017 – Greater Toronto Area REALTORS® reported 2,670 residential transactions through TREB’s MLS® System during the first 14 days of July 2017. This result was down 39.3 per cent compared to the same period in 2016. The greatest year-over-year decline in sales was noted for the detached market segment. The lowest annual rate of decline was noted for the condominium apartment market segment. The number of new listings entered into the system was up by 6.5 per cent year-over-year. While still up compared to last year, the annual rate of growth for new listings has declined markedly,...

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More Moderate Price Growth in June

TORONTO, July 6, 2017 – Greater Toronto Area REALTORS® reported 7,974 sales through TREB’s MLS® System in June 2017 – down by 37.3 per cent in comparison to June 2016. The number of new residential listings entered into TREB’s MLS® System, at 19,614, was up by 15.9 per cent compared to June 2016. While this annual rate of growth was sizeable, it represented a more moderate annual rate of growth compared to May 2017, when new listings were up by 48.9 per cent year- over-year. “We are in a period of flux that often follows major government policy announcements pointed at the housing...

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TREB’s Mid-June Resale Statistics

June 19, 2017 – Greater Toronto Area REALTORS® reported 2,999 transactions through TREB’s MLS® System during the first 14 days of June 2017. This result was down by 50 per cent in comparison to the same time period in June 2016. The decline in sales was greatest for detached houses followed by other low-rise home types. The number of new listings through the first two weeks of June was up on a year-over-year basis to 9,988 – a 22 per cent increase compared to the same time period in 2016. It is worth noting, however, that the annual growth rate for new listings did moderate compared...

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GTA Realtors® Release May Resale Housing Market Figures

TORONTO, June 5, 2017 – Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 10,196 sales through TREB’s MLS® System in May 2017 – down by 20.3 per cent compared to 12,790 sales reported in May 2016. Sales of detached homes were down by 26.3 per cent. Sales of condominium apartments were down by 6.4 per cent. The supply of listings was up strongly over the same period. Active listings – the number of properties available for sale – at the end of May were up by 42.9 per cent compared to the record low a year earlier. The number increased...

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