Overview: a look at the October 2023 housing numbers for Toronto and the GTA, the impact of high interest rates, and the ongoing deep buyer’s market. Like a repeat of September, home prices were up in October while sales were down big. However, what sets both months apart is the…
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GTA Housing Market Finds Balance In July 2023
Overview: a look at the July 2023 GTA housing data, including home sales, prices and listings, plus the ongoing impact of rising interest rates. This headline from Yahoo Finance sums it up perfectly: Toronto home sales and prices up from last year, but momentum slows As expected, rising interest rates…
GTA Home Prices Drop Record 18% In February 2023
Overview: a look at the February 2023 GTA housing market data, including home sales and prices, plus the impact of the most recent interest rate hike. To put it bluntly: Average Toronto home prices dropped by the steepest rate on record Sales also plunged by half, and many homes were…
2022-2023 GTA Housing Market Review & Forecast
Overview: a look back at the 2022 GTA housing market and predictions for 2023. Topics include home sales, prices, inventory, interest rates, inflation, mortgages and more. 2021 saw a buying frenzy due to record-low interest rates. 2022 saw a sharp drop in home sales and prices after multiple rate hikes….
GTA Home Sales & Prices Plunge In September 2022
Overview: a look at the September 2022 housing market numbers for Toronto and the GTA, including sales, prices and inventory. Plus insights on the condo market and immigration. Home sales, prices and listings were all down big in September, but there is a silver lining. It’s still a buyer’s market,…