by Mahmud Naqvi | Aug 3, 2020 | Market Update
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...
by Mahmud Naqvi | Jul 16, 2020 | Market Update
Following the broader movement to reopen the economy in June, we experienced a very positive result in terms of home sales and selling prices. Before the onset of COVID-19, there was a great deal of pent-up demand in the market. This pent-up demand arguably increased...
by Mahmud Naqvi | Jun 8, 2020 | Market Update
While the public health and economic concerns surrounding COVID-19 continue to impact the housing market, the May sales result represented a marked improvement over April. TRREB released updated Ipsos consumer intentions polling results in May that indicated that 27...
by Mahmud Naqvi | May 4, 2020 | Market Update
The market was surprisingly resilient in April inspite of the COVID19 threat. The year started strongly breaking last year’s sales records and that continued in April. Buyers dropped so did Sellers. Since real estate is a numbers game, the drop in buyers...
by Mahmud Naqvi | Apr 6, 2020 | Market Update
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...
by Mahmud Naqvi | Mar 6, 2020 | Market Update
Greater Toronto Area REALTORS® reported 7,256 residential transactions through TRREB’s MLS® System in February 2020, representing a 45.6 percent increase compared to a 10-year sales low in February 2019. However, February 2020 sales were still below the 2017 record...
