Toronto Home Sales Rebound

Canadian Housing Market Rebounds A Comprehensive Analysis of the 2023 Real Estate Landscape

Introduction: The Current State of the Canadian Housing Market The Canadian housing market witnessed a significant downturn in 2022, with home sales plunging 40% compared to the previous year. Prices also saw a considerable drop of 18.9%, bringing the average home price to $662,437. However, recent developments in the market indicate a potential bottoming process, […]

GTA Sales & Listing Dropped in February 2023

Understanding the Downturn: Exploring the Decline in Greater Toronto Area Home Sales and Listings in February 2023

Substantial Decline in Toronto Home Sales and Listings in February 2023 In the Greater Toronto Area (GTA), February 2023 witnessed a significant decrease in home sales and listings as compared to the pre-rate hike levels of early 2022. Despite the average selling price and MLS® HPI leveling off after a downward trend through spring and […]