Market Update
GTA Real Estate market is showing signs of balancing out in July, with slower sales growth and increased new listings. July home sales ↑ 7.8% yearly, but the growth rate has slowed MoM....
According to the Toronto Regional Real Estate Board, the average price for a home in Brampton in July 2023 was $1.05 million, a 5.6% decrease from June 2023 and a 2.4% increase from July 2022. There were 363 home sales and 1,401 active listings at the end of the month, with detached houses averaging $1.24 million, semi-detached houses averaging $944,373, attached houses averaging $904,575,...
6. East Gwillimbury: - Avg sold price: ~$1.4M - Price change: ↑ 20.7% yearly - Transactions: 36 5. Leaside-Thorncliffe Park-Flemingdon Park: - Avg sold price: ~$1.3M - Price change: ↑ 21.8% yearly - Transactions: 28...
Government fees, taxes, and charges constitute a significant portion of the cost of new homes in the GTA. The largest addition to the cost comes from the Harmonized Sales Tax (HST)....
All property types in July: - Avg sold price: ~$1.1M, ↓ 5.4% MoM, ↑ 4.1% yearly - Transactions: 5,250, ↓ 29.8% MoM, ↑ 6.9% yearly...
New condo sales in the GTA ↓ to their lowest point since 2009. This means that they have ↓ 35% yearly. The decline in sales is being attributed to rising interest rates and inflation....
Canada's Luxury Real Estate markets show diverging trends across the 4 largest metropolitan markets. In the GTA, demand grew in H1, but supply issues led to ↓ 32% yearly in residential sales over $4M and ↓ 27% in $1M-plus sales....
New home sales in GTA ↑ by 32% yearly in June, however, the sales were still 30% below the 10-yr avg. The rise in interest rates has caused some potential home buyers to delay their purchasing decisions, leading to a decrease in sales.Condo apartment sales in June ↑ 11% yearly, but were still 21% below the 10-yr avg....