After 2021’s 1st Quarter of record sales, price appreciation, and market pace, the GTA’s robust spring market continued setting records in April. As the market in April 2020 was essentially frozen due to the pandemic, replacing year over year comparisons with 2015-2019 April averages offers better insight to how this April stacked up. April 2021’s record breaking sales for the month were 32% higher and active listings were approximately 26% lower compared to the five-year... [read more]

In July, 9,390 properties were sold in the GTA; a 15% of decline from the record setting in July of 2020. However, volume remains higher than is typical this time of the year. In terms of price, the average price across all property types continues to climb hitting 1,062,256 which is 12.6% higher than a year ago. Our stats indicate that the market remains competitive and houses are selling faster than they did in July 2020. Last month, the total days on market for all sold property types across... [read more]

National aggregate home price increases 21.4% year-over-year  Third quarter highlights: Royal LePage maintains its 2021 forecast, with the national aggregate home price expected to rise 16.0% in Q4, compared to a very strong Q4 2020 Very low inventory pushes potential buyers to sidelines amid national housing supply crisis, resulting in pent-up demand 5% of regions surveyed saw double-digit year-over-year aggregate price growth in Q3 Condominiums continue price rebound in... [read more]

TORONTO, November 1, 2021 – According to a recent Royal LePage survey[1] of more than 950 real estate professionals from across Canada, the commonly held belief that it’s best to wait out the winter and list in the spring has been turned on its head this year, given the current strength of the seller’s market. Seventy-nine per cent of survey respondents, who indicated a seasonal preference for selling, would advise Canadians looking to sell their homes to list this winter,... [read more]