The Greater Toronto Area's home price index was up 4.4 per cent last month as the supply of properties for sale tightened and the number of sales jumped 24.3 per cent from July last year, the Toronto Real Estate Board reports.
Dhaval Desai's blog
The Toronto region’s resilient housing market helped fuel strong sales and price growth in markets across Southern Ontario in June as home buyers in the GTA looked for more affordable properties. Canada's largest housing market registered another month of double-digit sales gains in June, while deteriorating inventory helped push prices higher.
Toronto home sales surge nearly 19 per cent in May 2019, Toronto home prices climbed last month as sales volumes roared ahead by almost 18.9% per cent, Toronto's housing market could be shifting to favour sellers as home sales growth outpaces listings growth.
Toronto Real Estate Board(TREB) announced that Greater Toronto Area REALTORS® reported a substantial year-over-year increase in home sales in April 2019.
Toronto’s housing market posted little year-over-year difference in the volume of local home sales recorded in March, with just one fewer unit sold, Slipping sales figures for the Greater Toronto Area appear to be stabilizing.
Toronto’s housing market posted its biggest monthly sales decline in a year last month, though resale home prices rose 1.6 per cent year over year in February to an average of $780,397 across all home types.
Home sales in the Toronto region will start to climb again in 2019 after two years of declining, but Ottawa should nonetheless rethink a tough new mortgage rule that is a drag on the market, the Toronto Real Estate Board said.
The number of homes sold in Toronto and the surrounding area fell in 2018, along with the number of new listings hitting the market, as homebuyers and sellers grappled with a new reality of higher interest rates and stricter mortgage rules. The Toronto Real Estate Board says there were 77,426 residential transactions recorded through its Multiple Listing Service (MLS) system last year, down 16.1 per cent from 92,263 sales in 2017.
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