*This is an update for Toronto as a whole and things can look very different between different areas and home types. If you would like to dig deeper into the numbers that matter more to you, please book a call with me here.

Key Takeaways: 

• Prices are up YoY and down MoM.

• Sales are up YoY and down MoM. 

• New Listings are up YoY and down MoM. 

• The Bank of Canada reduced their rate another .5%.

• There is a ton of anticipation for the new year as interest rates are finally more affordable and the government has implemented new policies that came into effect December 15th to improve affordability for homes under $1.5M.

• We are still dealing with two very different markets between Freehold and Condos as Freehold is still moving while Condos remaining more stagnant. 

• Looking at numbers after the first week of September, Toronto Freehold homes are in a Balance Market at 2.7 Months Of Inventory and Toronto Condos are up in a Buyers Market at 4.5 Months Of Inventory.

Data below. 

*This is an update for Toronto as a whole and things can look very different between different areas and home types. If you would like to dig deeper into the numbers that matter more to you, please book a call with me here.

Key Takeaways: 

• Prices are up.

• Sales are up. 

• New Listings are up. 

• The market is finally starting to feel the affects of the rate cuts as buyer activity picks up. 

• Around now, sellers with stale listings will start to take them down with the intention of re-listing next year when the market picks up more. 

• New listings that come to market from now until the end of the year are likely being listed by desperate sellers that need to sell creating opportunity for buyers. 

• Looking at numbers after the first week of September, Toronto Freehold homes are in a Balance Market at 2.8 Months Of Inventory and Toronto Condos are up in a Buyers Market at 5.1 Months Of Inventory.

Data below. 

*This is an update for Toronto as a whole and things can look very different between different areas and home types. If you would like to dig deeper into the numbers that matter more to you, please book a call with me here.

Key Takeaways: 

• Prices are down.

• Sales are up. 

• New Listings are way up. 

• Days on market are down. 

• The next rate announcement by the Bank Of Canada is October 23rd and it is expected to be another cut. 

• Looking at numbers after the first week of September, Toronto Freehold homes are in a Balance Market at 3.4 Months Of Inventory and Toronto Condos are up in a Buyers Market at 6.1 Months Of Inventory.

Data below. 

*This is an update for Toronto as a whole and things can look very different between different areas and home types. If you would like to dig deeper into the numbers that matter more to you, please book a call with me here.

Key Takeaways: 

• Prices are down.

• Sales are down. 

• New Listings were down. 

• Days on market are up. 

• September should see an increase in activity for both buyers and sellers.

• New listings are already way up week over week since labour day weekend. 

• The Bank Of Canada cut their overnight rate again and it looks like they are likely to cut at each announcement for the remainder of the year (October 23rd and December 11th are the next two rate announcements)

• Looking at numbers after the first week of September, Toronto Freehold homes are in a Balance Market at 4.1 Months Of Inventory and Toronto Condos are up in a Buyers Market at 6.3 Months Of Inventory.

Data below.