What are the opening hours?

Monday 9am - 5pm Tuesday 9am - 5pm Wednesday 9am - 5pm Thursday 9am - 5pm Friday 9am - 5pm

nest zoom, 5000 Yonge St. Suite 1901, Toronto, ON (2026)

12/22/2020

Real estate still an essential service - an update on province-wide shutdown effective Dec 26th.

11/04/2020

🏠 Real estate market stats - October 2020

👉 Home sales in the Greater Toronto Area (GTA) were up again year-over-year for the fourth month in a row.

Sales and new listings reached record levels for the month of October. However, year-over-year growth rates for sales and new listings diverged in some market segments.

In the detached market segment, the pace of annual sales growth far outstripped growth in new listings. Conversely, the condominium apartment market segment experienced more than double the new listings compared to October 2019, whereas sales were only up by 2.2% over
the same period.

Competition between buyers of single-family homes, and particularly detached houses, remained strong last month and continued to support double-digit annual rates of price growth in many GTA neighborhoods. In contrast, condo buyers have benefitted from much more choice compared to last year.

Pre-COVID polling had already pointed to an increase in investor selling in 2020. The pandemic only added to this trend with a stall in economic growth and a halt to tourism impacting cash flows for many investors.

10/16/2020

🏠 Real estate market stats - September 2020

👉 Following a record third quarter, sales through the first nine months of 2020 were up by approximately one percent compared to the same period in 2019.

Improving economic conditions and extremely low borrowing costs sustained record-level sales in September, as we continued to account for the substantial amount of pent-up demand that resulted from the spring downturn. Further improvements in the economy, including job growth, would support strong home sales moving forward.

However, it will be important to monitor the trajectory of COVID-19 cases, the related government policy response, and the impact on jobs and consumer confidence.

Year-over-year sales growth in September continued to be driven by ground-oriented market segments, including detached and semi-detached houses and townhouses. Annual growth rates were also higher for sales reported in the GTA regions surrounding the City of Toronto.

The September 2020 MLS® Home Price Index Composite Benchmark was up by 11.6% year-over-year. The average selling price for all home types combined in September was $960,772 – up by 14% year-over-year.

Price growth was driven by the low-rise market segments. The relatively better supplied condominium apartment segment experienced a comparatively slower pace of price growth.

08/17/2020

🏠 Real estate market stats - July 2020

👉 Greater Toronto Area reported 11,081 sales in July 2020 – a 29.5 % increase over July 2019 and a new record for the month of July. On a preliminary seasonally adjusted basis, sales were up by 49.5 % compared to June 2020.

👉 Year-over-year sales growth was driven by low-rise home types, particularly in the regions surrounding the City of Toronto. However, condominium apartment sales were also up on an annual basis, including in Toronto.

👉 Total new listings were also up strongly on a year-over-year basis by 24.7 %, but this annual growth rate was less than that of sales, which means market conditions tightened on average compared to July 2019. In addition, active listings at the end of July were down by 16.3 %.

👉 Sales activity was extremely strong for the first full month of summer. Normally we would see sales dip in July relative to June as more households take vacation, especially with children out of school. This year, however, was different with pent-up demand from the COVID-19-related lull in April and May being satisfied in the summer, as economic recovery takes firmer hold, including the Stage 3 re-opening. In addition, fewer people are travelling, which has likely translated into more transactions and listings.

👉 The July 2020 MLS® Home Price Index (HPI) Benchmark was up by 10 % compared to July 2019. The overall average selling price was up by 16.9 % year-over-year to $943,710.

👉 Price growth was strongest for low-rise home types, notably within the City of Toronto. Despite more balanced market conditions in the condominium apartment market segment, year-over-year price growth remained in the high single digits.

👉 We also experienced stronger sales growth in the more-expensive detached market segment, which helps explain why annual growth in the overall average selling price was stronger than growth for the MLS® HPI Composite benchmark.

07/10/2020

🏠 Real estate market stats - June 2020

👉 Toronto real estate board reported 8,701 sales in June 2020. This result represented a very substantial increase over the May 2020 sales result, both on an actual (+89%) and seasonally adjusted basis (+84%), and was only down by 1.4% compared to June 2019.

👉 Year-over-year growth in sales was reported in some areas and market segments. Especially notable were the detached and townhouse market segments in the GTA regions surrounding the City of Toronto.

👉 New listings were up slightly on a year-over-year basis by 2.1%. However, active listings
on MLS® System at the end of June 2020 were down by 28.8% compared to June 2019. Growth in new listings will need to outstrip growth in sales for a number of months before active listings approach last year’s levels.

👉 The MLS® Home Price Index Composite Benchmark was up by 8.2% year-over-year in June. The average selling price for all home types combined was $930,869 – up by 11.9% compared to June 2019. The actual and seasonally-adjusted average selling price was also up substantially compared to May 2020, by 7.8% and 9.8% respectively.

👉 Average and benchmark selling prices were up year-over-year for all major home types. The strongest average annual rates of price growth were experienced in the detached and semi-detached market segments in the City of Toronto at 14.3% and 22% respectively. This, coupled with the fact that average selling price growth outstripped growth in the MLS® HPI benchmarks, points to a resurgence in the higher-end market segments.

06/05/2020

🏠 Real Estate Market Stats - May 2020

👉 Toronto, reported 4,606 sales in May 2020. This was down by 53.7% compared to May 2019. While the number of sales was down substantially on a year-over-year basis due to the continued impact of COVID-19, the decline was less than the 67.1% year-over-year decline reported for April 2020.

👉 On a month-over-month basis, actual and seasonally adjusted May sales were up substantially compared to April. Actual May 2020 sales increased by 55.2% compared to April 2020. After accounting for the regular seasonal increase that is experienced each year between April and May, seasonally adjusted sales were up by 53.2% month-over-month.

👉 The number of new listings entered in May was down by a similar annual rate to that of sales, dipping by 53.1% to 9,104. On a month-over-month basis, actual new listings were up by
47.5%.

👉 The MLS® Home Price Index Composite Benchmark price was virtually unchanged in May 2020 compared to April 2020. On a year-over-year basis, the composite benchmark was up by 9.4%. The average selling price for all home types combined was up by 3% compared to May 2019 to $863,599.

👉 On a seasonally adjusted basis, the average selling price was up by 4.6% month-over-month compared April 2020.

👉 The difference in year-over-year growth between the MLS® HPI Composite Benchmark and the average selling price was related to the fact that home sales in the City of Toronto, particularly in the detached segment, were down by a greater annual rate than overall sales in the GTA. This resulted in a compositional impact on the overall average selling price.

05/17/2020

👋 Hey Richmond Hill!

🏠 Wanna know how the pandemic has effected your property's value?

👉 Click below to continue to our Messenger, type your postal code and see what's been happening in your neighborhood during the past few weeks. 👇

05/07/2020

Want to know how the pandemic has effected your property's value? Continue to our Messenger and scroll through our menu to see home value and pandemic, click to get started and from there just type the first three letters of your postal code and see Median price changes in your neighborhood.

05/07/2020

Real Estate Market Stats - April 2020

▪️ Greater Toronto area reported 2,975 residential transactions, down by 67% compared to April 2019. Weekday sales remained within a relatively steady range during the month, averaging 130 per day.

▪️ New listings amounted to 6,174 in April 2020, down by 64.1% on a year over year basis.

▪️ The average selling price for April 2020 was $821,392 – up by 0.1% compared to the average price of $820,373 reported for April 2019. The semi-detached and townhouse market segments experienced annual average price growth above the rate of inflation.The condominium apartment and detached segments experienced year-over-year price declines on average.

▪️ The trend for the MLS® Home Price Index Composite Benchmark, which had been on an upward trajectory since the beginning of 2019 flattened in April. On a year-over-year basis, the Benchmark was up by 10%. The MLS® HPI indices represent prices for typical homes with consistent attributes from one period to the next. The fact that the MLS® HPI was up year-over-year by a greater rate than the average selling price suggests that the share of higher end deals completed in April 2020 versus April 2019 was down.

04/10/2020

🏠 Real Estate Market Stats - March 2020

👉 Greater Toronto Area reported 8,012 home sales in March 2020 – up by 12.3% compared to 7,132 sales reported in March 2019.

👉 However, despite a strong increase in sales for March 2020 as a whole, there was a clear break in market activity between the pre-COVID-19 and post-COVID-19 periods. For the purposes of this release, the start of the post-COVID-19 period was the week beginning Sunday, March 15.

👉 The overall March sales result was clearly driven by the first two weeks of the month. There were 4,643 sales reported in the pre-COVID-19 period, accounting for 58% of total transactions and representing a 49% increase compared to the first 14 days of March 2019. There were 3,369 sales reported during the post-COVID-period – down by 15.9% compared to the same period in March 2019.

👉 For March as a whole, new listings were up by 3% year-over-year to 14,424. However, similar to sales, new listings dropped on a year-over-year basis during the second half of the month (beginning March 15th) by 18.4%.

👉 The average selling price for March 2020 as a whole was $902,680 – up 14.5% compared to March 2019. The average selling price for sales reported between March 15 and March 31, was $862,563 – down from the first half of March 2020, but still up by 10.5% compared to the same period last year.

👉 The MLS® Home Price Index Composite Benchmark price was up by 11.1% year-over-year in March 2020.

03/08/2020

🏠 Real Estate Market Stats - FEB 2020

👉 Greater Toronto Area reported 7,256 residential transactions through MLS® System in February 2020, representing a 45.6% increase compared to a 10-year sales low in February 2019.

👉 However, February 2020 sales were still below the 2017 record result. Year-over-year sales growth, for the GTA as a whole, was strongest for ground-oriented home types.

👉 After preliminary seasonal adjustment, February 2020 sales also exhibited positive momentum, up by 14.8% compared to January 2020.

👉 New listings amounted to 10,613 in February 2020, a 7.9% increase compared to February 2019. This moderate annual growth rate was much smaller than that reported for sales, which means market conditions tightened considerably over the past year.

👉 As market conditions tightened over the past year, competition between buyers has clearly increased. This resulted in a further acceleration in year-over-year price growth in February. The MLS® Home Price Index Composite Benchmark was up by 10.2%. The average selling price for all home types combined was up by 16.7% to $910,290.

👉 Double-digit average price growth was experienced for most major market segments, including detached houses and condominium apartments.

02/07/2020

🏠 Real Estate Market Stats - Jan 2020

👉 TREB reported 4,581 sales in January 2020 – up by 15.4% compared to January 2019. On a preliminary seasonally adjusted basis, sales were up by 4.8% compared to December 2019.

👉 The MLS® HPI Benchmark price was up by 8.7% compared to January 2019 – the highest annual rate of growth for the Benchmark since October 2017. The condominium market segment continued to lead the way in terms of price growth, but all home types experienced price growth above 7% when considering the GTA market area as a whole.

👉 The average selling price in January was up by 12.3%, driven by the detached and condominium segments in the City of Toronto.

👉 A key difference in the price growth story in January 2020 compared to January 2019 was in the low-rise market segments, particularly with regard to detached houses. A year seems to have made a big difference. It is clear that many buyers who were on the sidelines due to the OSFI stress test are moving back into the market, driving very strong year-over-year sales growth in the detached segment.

nest zoom

12/22/2020

11/04/2020

10/16/2020

08/17/2020

07/10/2020

06/05/2020

05/17/2020

05/07/2020

05/07/2020

04/10/2020

03/08/2020

02/07/2020

Address

Opening Hours

Telephone

Website

Alerts

Shortcuts

Featured

Share

Category

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm