Home sales in the Greater Toronto Area (GTA) set a new record for April and amounted to more than quadruple that from April 2020 – the first full month of the pandemic. Bucking the regular seasonal trend, April 2021 sales actually declined month-over-month. A similar trend was noted for the number of new listings reported. GTA REALTORS® reported 13,663 sales through TRREB’s MLS® System in April 2021 – a 12.7 percent decrease compared to March 2021, but more than... [read more]

Year-over-year growth in the first quarter of 2021 condominium apartment sales well outstripped growth in listings over the same period in the Greater Toronto Area (GTA). With market conditions tightening, average condo prices for Q1 2021 were above the averages for Q1 2020 for the regions surrounding the City of Toronto. The average condo selling price in Toronto remained below last year’s level. First-quarter 2021 condominium apartment sales reported by GTA REALTORS® totalled... [read more]

In the first quarter of 2021, average condominium apartment rents were down on a year-over-year basis, continuing to reflect a supply imbalance in favour of renters. However, year-over-year growth in rental transactions outstripped growth in the number of units listed over the same period, suggesting that rental market conditions are starting to tighten in the Greater Toronto Area (GTA) once again. GTA REALTORS® reported 13,168 condominium apartment rentals through TRREB’s MLS®... [read more]

  HOW OPEN HOUSE FUNCTIONS In an open house, you are presented with an opportunity to scrutinize the GTA real estate that you would like to purchase. Moreover, you also have the chance to talk with the REALTOR® and address your issues and hesitations.  It can be difficult to know what you must ask. Here, we have outlined a few example questions that you can ask at the next open house. Why has the seller decided to sell now? By asking the REALTOR® why the seller... [read more]