After more than two years of steadily declining inventory, last month saw a significant jump in active listings, up 64% versus March, and in line with last April. As a result, the supply of homes for sale increased from 0.7 months to 1.1 months, still very deep in sellers’ market territory, but roughly in line […]
Toronto Market Getting Steadily Stronger
Prices for all property types continued the typical summer pattern in August, with prices for both freehold homes and condominiums lower than in July. Compared with last year, there are some definite positive signs: Prices were higher than last August for both freehold and condo properties. In fact, for the first time this year, prices […]
Controversy Over Short Term Rentals in Toronto
The rental housing crisis in Toronto has put the spotlight on short term rentals like Airbnb, which have removed thousands of units from the stock of long term rental properties in the city. Rental units are in critically short supply, and so there has been an outcry from housing advocates calling for restrictions on Airbnb. […]
GTA Market for Rental Properties Growing Stronger
A recent report conducted by Ryerson University’s Centre for Urban Research and Land Development found that Toronto is the fastest-growing city in Canada and the U.S. by a huge margin. Immigrants are being attracted in droves by employment opportunities – for example, in the first half of 2019 alone, 81,600 new jobs were added and, on a […]
GTA Summer Market Showing Signs Of Strength
Toronto area prices were lower in July than in June for all property types, which is completely normal for the summer months. Sales in July were 3% lower than in June, while the total number active listing was 9% lower, and so the inventory of homes for sale dropped to just above 2 months’ supply, […]
Torontonians Moving Less Often
A study by Ryerson University’s Centre for Urban Research and Land Development has shown that Canadian homeowners in major urban centres moved less often in 2016 than in 2006, with the largest change (-7.6%) in the Toronto area. While renters also moved less often, the reduction in moving frequency was much less than for homeowners. The […]
