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Jun 13, 2024 · The latest sales stats from the Toronto Regional Real Estate Board (TRREB) show that even with a 21.1 per cent uptick in new real estate listings from May 2023 to May 2024 — and a staggering...
- Becky Robertson
Feb 23, 2022 · Over the past quarter century, vertical growth has played a significant role in rising sales figures within the 416, with condominium apartments and townhomes now exceeding freehold sales in Central Toronto, accounting for 76 per cent of sales, according to TRREB data.
- Historical Toronto Housing Graph Index
- Comparing Toronto’s Price History to A ‘Housing Bubble Example’
- Low Supply + High Demand = Housing Appreciation
- What Caused Toronto’s Housing Supply Shortage?
1. Housing Bubble Example Graph 2. Historical Detached & Condo Median Price in Toronto 3. Supply: New Homes Sold per year 4. Demand: Immigration into Toronto 5. Average Detached Home Price vs Inventory 6. Average Condo Price vs Inventory 7. Mortgage Stress Test Impact 8. Condo Rental Rate inflation graph “A housing bubble is a run-up in housing pri...
First, take a look at Toronto’s detached and condo price history at the top of the page. Then, compare the detached price to this graph below, a ‘textbook example of a housing bubble’ price trend. Upon first glance, it would appear we are in a housing bubble, right?!There’s no denying that the detachedprice trend looks identical to the example here...
Also known as Economics 101. Most markets are driven by simple supply and demand at their core, and the housing market isn’t much different. In Toronto, our rapid condo appreciation has been entirely at the hands of a stagnating supply and an exponential growth in demand.
I’ve heard the line “the government needs to do something about this” a few times when discussing the rapid appreciation in Toronto. Well, they tried – and they failed, twice. The government is not the answer. If anything, less Government regulationis a part of the answer to improving the supply side of the equation. Why do we only deliver 35,000 h...
Jan 30, 2024 · Toronto's real estate market is trying to recuperate from an unprecedented year of paltry sales numbers and, for some property types, falling prices that still haven't had any impact on...
- Becky Robertson
4 days ago · 1:42. Toronto home sales rose for the first time in five months after the Bank of Canada eased borrowing costs from a multidecade high. The number of homes changing hands in Canada’s largest ...
Apr 4, 2018 · Sales of detached homes in and around Canada’s biggest city fell 46 per cent in March from the same month a year ago, while the average price fell 17 per cent to $1.01 million, according to data released Wednesday by the Toronto Real Estate Board.
People also ask
How has Toronto housing market changed since 1996?
Why are Toronto home prices falling so fast?
How is Toronto's real estate market recovering?
Why did Toronto's new condo sales fall in the first quarter?
Apr 23, 2024 · A report from condominium research firm Urbanation this week showed sales of new condo units in The Greater Toronto and Hamilton Area (GTHA) reaching levels reminiscent of the late 1990s in the first three months of the year, with just 1,461 new condo units sold.
