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- Toronto home prices reached a record in 2020, with the COVID-19 pandemic driving demand for larger homes and low rates making it easier for people to afford them.
financialpost.com/real-estate/toronto-housing-market-ends-2020-on-strong-note-as-condo-sales-rebound
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Jan 6, 2021 · The average price for homes sold in Canada’s largest city last year hit $930,000, the highest on record and up 13.5 per cent from 2019, the Toronto Regional Real Estate Board said Wednesday in a release.
2 days ago · The Greater Toronto Area (GTA) housing market saw inventory soaring to a decade high in May 2024, with 21,760 active home listings by month’s end. That comes amid a surge in new listings, while sales and home price growth are held back.
Up-to-date real estate trends & stats for Toronto. Research sales history, average house & condo prices, current listing inventory, and total active listings.
# BedsMay 27 - Jun 243 Mo Ago6 Mo Ago2 Bd$1.1M -7%$1.2M$975K3 Bd$1.4M -3%$1.5M$1.4M4 Bd$2.3M -2%$2.2M$2.0M5 Bd$3.4M +5%$2.6M$2.6MAug 18, 2021 · Detached housing values have shown remarkable resilience in the first half of 2020, with 95 per cent of Greater Toronto real estate districts posting solid gains in average price, according to a report released today by RE/MAX of Ontario-Atlantic Canada.
- Ditching The City, Moving to Durham Region
- 'Everyone Wants A Home Office and Big Kitchen'
- Renovations Up Across Ontario
- Condo Sales Could Start to Rebound
Less popular areas that were once considered affordable experienced some of the biggest booms, says John Pasalis, president of Realosophy Realty Inc. He's been tracking pandemic trends and says home prices in Durham Region went up 23.9 per cent between November 2019 and November 2020. A single-family home now costs about $150,000 more than it did l...
Low borrowing rates, says real estate agent Andrew Ipekian, are pushing people's dollars further. That means more families are shopping for larger homes with extra bells and whistles, things they may not have considered before because they weren't practical or out of their price range. 1. Bank of Canada keeps rate steady at 0.25%, maintains pledge ...
"With people spending more time at home... we saw a 28% increase in the number of renovation permits this year as people invested in making improvements to their homes," said Nicole McNeill, MPAC's president and chief administrative officer. Toronto's once-soaring condo market is the sector that has seen a decrease in sales and prices. Experts poin...
As the COVID-19 vaccine is rolled out and more people head back to the office, experts believe the condo market will rebound. In fact, it may already be happening. "We're starting to see demand from investors jump into the market right now and that could slow down that downward trend we're seeing right now," said Pasalis. Ipekian agrees, saying wha...
Home sales across the Greater Toronto Area rose 12.3% compared to March of last year as 8,012 properties traded hands. The average selling price of a home also climbed 14.5% from a year ago, to $902,680.
Jun 23, 2022 · Prices soared year over year from $883,573 in 2019 to $986,106 in 2020 and then up to $1.056 million in 2021. The average for May 2022 was $1.212 million. Average Days on Market. Looking at average days on market (DOM), we see the trend makes sense when looking at housing prices.
