February Sales Down Compared to January

Toronto Real Estate Board (TREB) President Gurcharan (Garry) Bhaura announced that Greater Toronto Area REALTORS® reported 5,025 homes sold through TREB’s MLS® System in February 2019. This sales total was down by 2.4 percent on a year-over-year basis. Sales were also down compared to January 2019. This sales total was down by 2.4 percent. Sales were also down compared to …

January Sales up Compared to December 2018

Toronto Real Estate Board (TREB) President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 4,009 home sales through TREB’s MLS® in January 2019 – up by 0.6 percent compared to January 2018. Sales were up by 3.4 percent compared to December 2018. “It is encouraging to see the slight increase in January transactions on a year-over-year basis, even with …

2018 Annual Statistics

Toronto Real Estate Board (TREB) President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a total of 77,426 residential transactions through TREB’s MLS® System in 2018. This result represented a 16.1 per cent decline compared to 92,263 sales reported in 2017. Total new listings entered into TREB’s MLS® System were down by 12.7 per cent over the same period …

Solid Housing Market Continues

Garry Bhaura, President of the Toronto Real Estate Board (TREB) announced the continuation of moderate price growth in November 2018 compared to November 2017. The MLS® Home Price Index (HPI) Composite Benchmark was up by 2.7 per cent year-over-year. The average selling price was up by 3.5 per cent year-over-year to $788,345. Greater Toronto Area REALTORS® reported 6,251 residential transactions …

Number of Sales up 6% in October

Toronto Real Estate Board (TREB) President Garry Bhaura announced year-over-year increases in home sales and average sale prices reported through TREB’s MLS System® in October 2018. Greater Toronto Area REALTORS® reported 7,492 sales through their system in October 2018 – a six per cent increase compared to October 2017. The average sale price for October 2018 was up 3.5 per cent on a year-over-year basis …

Recreation Homes in Demand for a New Demographic

Canada’s recreational home market is growing thanks to a new group of homebuyers claiming their piece of the cottage and vacation homes market. As more Canadians work remotely, they are shunning the city life for a more relaxed home-working environment. Sotheby’s International president and CEO Brad Henderson says that he has seen a growing trend for people leaving Montreal or …