Category: Buying

There were almost 11,000 Greater Toronto Area (GTA) home sales reported in March 2022, capping off the third-best March and second-best first quarter on record. Tight market conditions continued to support a double-digit annual pace of price growth, with an average selling price of $1.3 million. The average selling price dipped slightly month-over-month, bucking the …Read More

February home sales were down compared to the all-time record in 2021 but represented the second-best result for the month of February in history. New listings dropped, but by a marginally lesser annual rate than sales, pointing to a modest move to a slightly more balanced market. Competition between buyers, however, remained tight enough to …Read More

Demand for ownership housing remained very strong from a historic perspective in January 2022. At the same time, listings remained in short supply, resulting in tight market conditions and very strong year-over-year price growth. There were 5,636 sales reported through the TRREB MLS® System in January 2022 – down by 18.2 percent compared to 6,888 …Read More

A record 121,712 sales were reported through TRREB’s MLS® System in 2021 – up 7.7 percent from the previous 2016 high of 113,040 and up 28 percent compared to 2020. Record demand last year was up against a constrained supply of listings, with new listings up by 6.2 percent – a lesser annual rate than …Read More

What is First Time Home Buyer Tax Credit? First Time Home Buyer Tax Credit is a federal non-refundable tax credit. It is available to you, your spouse or common-law partner to purchase their first home. How Much Is The Tax Credit The Home Buyer Tax Credit is a combined total of $10,000 where you, your spouse …Read More

Are you looking to buy your first home? How to get started? What is downpayment? These are some of the common home buying questions. Below are answers to the top home buying questions asked by many first-time homebuyers that you will find helpful. Cost of Buying First Home 1. How much down payment ? Down …Read More

Greater Toronto Area GTA Housing Market remains hot in November 2021. The GTA average home selling price (blue line) is up from October. And it sets a new all-time high record at $1.16 million. However, homes for sales (red line) and actual sales (green line) were down. In relation, this highlights the supply issue in …Read More

Home sales in the Greater Toronto Area (GTA) reached the second-highest level on record for the month of October. However, the inventory of homes for sale did not keep up with demand. The number of new listings was down by approximately one-third compared to October 2020. Market conditions tightened across all major home types compared …Read More

September marked the transition from the slower summer market to the busier fall market in the in the Greater Toronto Area (GTA). Every year, we generally see an uptick in sales, average selling price and listings after Labour Day, and September 2021 was no different. Sales increased relative to August and were also at the …Read More

TRREB is reporting the third-best sales result on record for the month of August. While the market has taken its regular summer breather, it is clear that the demand for ownership housing remains strong. At the same time, the supply of listings is down. The result has been tighter market conditions and sustained competition between …Read More