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Braden’s Blog

TORONTO REAL ESTATE MARKET REPORT NOVEMBER 2019

The November market report has basically written itself. It is another month with results almost identical to the preceding eight months. Sales were up substantially compared to November last year, and similarly average sale prices also rose. Specifically, sales rose by almost 15 percent compared to last year, from 6,206 to 7,090 this November. The […]

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TORONTO REAL ESTATE MARKET REPORT OCTOBER 2019

October represents eight months of market recovery and stability in the Toronto and area residential resale marketplace. October roared in with 8,491 sales, 14 percent stronger than the 7,448 residential properties reported sold last year and almost 700 more properties than were reported in September. It is now obvious that buyers have adjusted to the […]

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TORONTO REAL ESTATE MARKET REPORT SEPTEMBER 2019

Toronto and area’s residential resale market, which I have been describing as beautifully boring over the last few months, got a lot less boring in September. Compared to last September, reported sales were up by 22 percent, but more concerning is the fact that average sale prices jumped by almost 6 percent. With salaries and […]

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TORONTO REAL ESTATE MARKET REPORT OCTOBER 2018

The real surprise in October was that the Toronto and area marketplace was more buoyant than expected, especially with a further interest rate hike during the month coming from The Bank of Canada. After being at 0.5 percent for two years, the Bank’s rate has jumped to 1.75 percent in the last 18 months with […]

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TORONTO REAL ESTATE MARKET REPORT SEPTEMBER 2018

  The new normal in the Toronto residential real estate market has arrived.  It has been finding its way for several months now, guided by the implementation of mortgage stress testing, the foreign buyer tax, and a number of mortgage interest rate hikes.  It is now crystal clear, that the frenzied market of 2016 and […]

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TORONTO REAL ESTATE MARKET REPORT AUGUST 2018

    Market data for August came in as expected. Both the average sale price and the number of residential properties reported sold increased compared to August 2017. The average sale price for all properties sold came in at $765,270, or almost 5 percent higher than last year’s average sale price of $730,969. The number […]

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TORONTO REAL ESTATE MARKET REPORT JULY 2018

There were no surprises as to the market’s performance in July. There has been a consistent improvement both as to sales volumes and average sale prices since January.  July saw the most dramatic year-over-year improvement. As compared to last year, sales volumes in the greater Toronto area increased by 18.4 percent, and the average sale […]

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TORONTO REAL ESTATE MARKET REPORT JUNE 2018

Nasty year over year comparisons came to an end in June. For the first time in more than a year we saw positive variances in the number of sales and average sale prices. It was unrealistic to compare the first few months of 2017 to any period. Those months represented the most frenetic period in […]

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TORONTO REAL ESTATE MARKET REPORT MAY 2018

  There were no surprises in the May resale figures for the Toronto and area residential market. The three themes that emerge are that the city of Toronto resale market continues to strengthen (416 region); the 905 region continues as a drag on the overall market; and the high-end of the resale market ($2 Million […]

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TORONTO REAL ESTATE MARKET REPORT APRIL 2018

The Toronto and area residential resale market continued its recovery in April. For the fourth consecutive month the market has shown improvement in both the growth of average sale prices and the number of properties reported sold. In April 7,792 residential properties were reported sold, and the average sale price for all properties reported sold […]

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