Category Archives: PREVIOUS LETTERS

The Toronto Regional Real Estate Board (TRREB) has released the MLS sales data for January 2023. With 3,100 home sales reported last month, transactions were down 34% from the 10-year average and 44.6% year-over-year. Though new listings were down 3.7%, they decreased at a slower rate than sales, which has had a positive impact onContinue reading “FEBRUARY 2023”

Happy New Year. We hope you have a happy and healthy 2023! The Toronto Regional Real Estate Board (TRREB) has released the housing data for 2022. As we know, there was a notable adjustment in sales activity this year compared to the previous record-setting year. Housing affordability issues were exacerbated by rising interest rates andContinue reading “JANUARY 2023”

The Toronto Regional Real Estate Board (TRREB) has released the housing figures for November 2022. With 4544 sales reported on the local MLS, sales were down 49.4% year-over-year and 8.4% from October.  New listings in November remained low. The 8,880 homes added to the MLS represent an 11.6% decline from the previous year. At month’sContinue reading “DECEMBER 2022”

The Toronto Regional Real Estate Board (TRREB) has released the housing figures for October. With 4961 sales reported on the local MLS, transactions were down 49.1% year-over-year and 1.5% month-over-month.  New listings were down 11.6% year-over-year, and the total of 11,749 represents the lowest number of new listings for the month of October since 2010.Continue reading “NOVEMBER 2022”

MARKET COMMENTARY SEPTEMBER 2022 The Toronto Regional Real Estate Board (TRREB) has released the housing figures for September. With 5,038 sales reported on the local MLS, deals were down 44.1% year-over-year and 10.5% month-over-month. This was the lowest number of unit sales for the month of September in 20 years. New listings were down 16.7% year-over-year,Continue reading “OCTOBER 2022”

MARKET COMMENTARY AUGUST 2022 The housing data is in for August, and the Toronto Regional Real Estate Board (TRREB) is reporting 5627 sales on the regional MLS. Total transactions were down 34.2% when compared to the same time a year ago, but were up 14.6% month-over-month. New listings were slightly down from the same timeContinue reading “SEPTEMBER 2022”

MARKET COMMENTARY JULY 2022 The Toronto Regional Real Estate Board (TRREB) has released the MLS sales data for July 2022. As expected, it was a slow month for real estate sales across the region. With 4912 home sales reported, transactions were down 47.4% year-over-year, and down 24.1% from June.  New listings were slightly down fromContinue reading “AUGUST 2022”