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Braden’s Blog

TORONTO REAL ESTATE MARKET REPORT OCTOBER 2020

It was no surprise that October’s resale market results continued the record pace that began in June. Reported sales hit a new high in October, with 10,563 residential properties trading hands during the month, a 25 percent increase compared to last year.  Not only were sales volume at record levels, but average sale prices also […]

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TORONTO REAL ESTATE MARKET REPORT SEPTEMBER 2020

We have run out of superlatives to describe the greater Toronto residential resale marketplace. Records have been broken consistently for the last few months, and September was no exception. Two records were shattered in September: most sales ever recorded for the month, and the highest average sale price for all properties reported sold. In September […]

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TORONTO REAL ESTATE MARKET REPORT AUGUST 2020

Another astounding month for the Toronto and area residential resale market place. August broke two records: one for most sales ever recorded for the month of August and two, the highest average sale price for all properties sold in the history of record-keeping for the Toronto and area market place. Toronto and area realtors reported […]

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TORONTO REAL ESTATE MARKET REPORT MARCH 2020

Until the Ontario Provincial Government declared a state of emergency, the Toronto and area residential resale market was on course to produce one of the strongest, most robust markets on record, including the establishment of a record-breaking monthly average sale price. All that changed around the middle of the month as people began following provincial […]

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TORONTO REAL ESTATE MARKET REPORT FEBRUARY 2020

It is not surprising that February was one of the strongest and most robust resale months since April 2017. What is surprising is that the market unfolded in a landscape of low resale housing supply and record-breaking average sales prices. February saw 7,256 properties reported sold, almost 2,000 of which were condominium apartments. This is […]

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TORONTO REAL ESTATE MARKET REPORT JANUARY 2020

A new decade, but little change in Toronto’s residential resale market. As anticipated in my December Market Report, January came in strong with 4,581 sales in the greater Toronto area. This was a stunning 15.4 percent increase compared to the 3,968 sales reported for January last year. Enthusiasm should be slightly muted, given the fact […]

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TORONTO REAL ESTATE MARKET REPORT DECEMBER 2019

The December market for residential resale properties came in exactly as anticipated, with substantially higher sales and average sale prices compared to last December, and not surprisingly, the month and year ended with a critical shortage in available resale inventory. In December 4,399 properties were reported sold. This is not a record high for the […]

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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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