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toronto real estate
Bank of Canada Raises Rates to 2.50%: What the October Decision Means for Toronto Real Estate
The Bank of Canada has raised its policy rate to 2.50%. We examine the implications for Toronto homebuyers, sellers, investors, mortgage rates and the luxury real estate market.
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September 2026 | Market Report
Homebuyers were in a holding pattern in September, as uncertainty surrounding the economy, inflation and borrowing costs weighed on Greater Toronto Area (GTA) home sales.
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August 2026 | Market Report
Supply is contracting nearly seven times faster than demand. GTA home sales were 5,057 in August 2026, down 2.1%, while new listings fell 14.1%. The average price of $993,410 was down 2.7%, the narrowest annual decline of the year.
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May 2026 | Market Report
The May 2026 GTA real estate market report tracks 6,583 home sales across the Greater Toronto Area — a 6.3% year-over-year increase — as new listings fell sharply by 18.9% to 17,698, tightening supply-demand conditions across Toronto, York Region, Halton, Peel, and Durham. The average selling price reached $1,069,700, with the MLS® HPI Composite Benchmark at $946,500, down 6.7% year-over-year. This monthly market analysis breaks down sales activity and average prices by home type — detached, semi-detached, townhouse, and condo apartment — alongside regional performance data, macroeconomic indicators including the Bank of Canada overnight rate and fixed mortgage rates, and a second-half 2026 outlook. Prepared by The Residences Group at Sotheby's International Realty Canada, this report draws exclusively on TRREB MLS® Market Watch data to give Toronto-area buyers, sellers, and investors the clearest possible read on where the GTA housing market stands — and where it is heading.
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Tariffs, Trade Wars, and Toronto Real Estate: A Global Risk with Local Consequences
Discover how global tariffs and trade wars could impact Toronto’s real estate market—from rising construction costs and reduced housing supply to declining foreign investment and shifting buyer confidence. This in-depth analysis explores the economic risks and potential consequences of protectionist policies on both residential and commercial real estate in Toronto, offering valuable insights for investors, homeowners, and industry professionals navigating an uncertain global landscape.
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Unlock the Door to Modern Elegance: 951B Greenwood Ave Awaits
Discover 951B Greenwood Ave, a stunning custom-built home in Danforth Village, East York. This modern masterpiece features 3 bedrooms, 3 bathrooms, and luxury finishes throughout. Highlights include floor-to-ceiling windows, a chef’s kitchen with Miele appliances, spa-like bathrooms, and meticulous design details. Nestled in a vibrant neighbourhood with excellent transit access, top schools, and a short commute to downtown Toronto. Experience the perfect blend of contemporary sophistication and timeless elegance. Dive into the unique charm of this architectural wonder. Your dream home awaits at 951B Greenwood Ave.
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It’s that time of year again - Toronto’s vacant home tax - revisited
Toronto's evolving real estate landscape has introduced a significant policy: the Vacant Home Tax (VHT) in 2022. Aimed at addressing housing affordability and availability, this tax impacts property owners in the city who might have vacant residential properties. Here, we outline the key aspects of the VHT, its exemptions, and compliance requirements, to assist homeowners and investors in navigating this new terrain.
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Toronto Real Estate News from the Week of July 23rd
Discover the latest buzz in Toronto's real estate market and development scene as we recap the top headlines from last week. Stay up-to-date with the city's dynamic property trends and exciting new projects shaping the urban landscape.
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Bank of Canada increases interest rate by 50 basis points
The Bank of Canada today increased its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is also continuing its policy of quantitative tightening.
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Market Watch | August 2021
With almost 9,400 sales reported in July 2021, demand for ownership housing remained well-above average for the time of year despite being below the record July result set a year earlier. Market conditions actually tightened relative to July 2020, with sales accounting for a greater share of new listings compared to last year. The sellers’ market conditions sustained a double-digit annual rate of price growth.
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Market Watch | January 2021
Despite an unprecedented year due to COVID-19, including necessary public health restrictions and uncertainty surrounding the economy, Greater Toronto Area REALTORS® reported over 95,000 home sales in 2020 – the third-best result on record. The average selling price reached a new record of almost $930,000. “The Greater Toronto Area housing market followed an unfamiliar path in 2020. Following the steep COVID-induced drop-off in demand during the spring, home sales roared back to record levels throughout the summer and fall. A strong economic rebound in many sectors of the economy, ultra-low borrowing costs and the enhanced use of technology for virtual open houses and showings fuelled and sustained the housing market recovery,” said Lisa Patel, Toronto Regional Real Estate Board (TRREB) President.
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Market Watch | October 2020
Toronto Regional Real Estate Board President Lisa Patel announced that sales reported through TRREB’s MLS® System by Greater Toronto Area REALTORS® amounted to 11,083 – a new record for the month of September. This result was up by 42.3 per cent compared to September 2019. Following a record third quarter, sales through the first nine months of 2020 were up by approximately one per cent compared to the same period in 2019.
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Market Watch | August 2020
Toronto Regional Real Estate Board President Lisa Patel announces that Greater Toronto Area REALTORS® reported 11,081 sales through TRREB’s MLS® System in July 2020 – a 29.5 per cent increase over July 2019 and a new record for the month of July. On a preliminary seasonally adjusted basis, sales were up by 49.5 per cent compared to June 2020.
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Market Watch | March 2020
March 2020 - Market Report | In line with the forecast contained in the Toronto Regional Real Estate Board’s recently released Market Year in Review and Outlook Report, TRREB President Michael Collins announced a very strong year-over-year sales and price growth in February 2020. Greater Toronto Area REALTORS® reported 7,256 residential transactions through TRREB’s MLS® System in February 2020, representing a 45.6 per cent increase compared to a 10-year sales low in February 2019. However, February 2020 sales were still below the 2017 record result. Year-over-year sales growth, for the GTA as a whole, was strongest for ground-oriented home types.
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Market Watch | December 2019
Market Report | December 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB's MLS® System in November 2019 – a 14.2 per cent increase compared to November 2018. On a GTA-wide basis, sales were up year-over-year for all major market segments. Annual sales growth in ground oriented home types, including detached houses, led the way.
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Market Watch | October 2019
Market Watch | October 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,491 residential sales through TREB's MLS® System in October 2019. This result represented a 14 per cent increase compared to 7,448 sales reported in October 2018. GTA-wide, sales were up on a year-over-year basis for all major home types.
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New Development Spotlight: The International in Auckland, New Zealand
The International in Aukland New Zealand | Showcasing the height of new luxury construction in some of the world’s most sought after locations, let’s explore an exclusive new development from our worldwide network.
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Renewal-Shock Concerns are Fading for Canadian Mortgage Holders
Renewal-Shock Concerns are Fading for Canadian Mortgage Holders | Canadian homeowners set to renew their mortgages this year can rest a little easier about having to pay higher rates. Rates to renew a five-year mortgage aren’t much higher than they were when the mortgages were taken out, according to National Bank research. That means “no payment shock” for the 17.4% of mortgages renewing in 2019, Matthieu Arseneau, deputy chief economist at the Montreal-based bank, said by phone
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Paint it Black
Paint it Black | Shading your walls in black may not be the first thing that comes to mind when you’re considering paint colors. But black has a daring all its own that can bring character and chicness to your space. “The result is both unexpected and incredibly sophisticated,” says Andrea Magno, a Benjamin Moore color and design expert. “Black has an interesting effect on the walls of a room because the corners and shadows are obscured more than if a midtone or pastel color is used,” Magno says. “This can be used as a visual trick to give the space a less-defined appearance and can make a room feel a bit more expansive.”
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Tips for Selling Your Home from Our Agents Across Canada
When it comes to selling that all-important investment, your home, there are many factors to consider. In addition to freshening up the paint — a must before you list — here’s what savvy real-estate brokers across Canada recommend.
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Toronto Home Prices Climb In October as Condos, Semi-Detached Houses Edge Higher
Toronto’s housing market showed more signs of stability in October as prices for condos and semi-detached homes jumped even as unit sales were little changed. The average selling price rose 1 per cent last month from September to a seasonally adjusted $810,881 (US$619,419), the first gain in three months. The benchmark price, which adjusts for the types of houses sold, rose 2.6 per cent from the same month last year.
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5 Reasons Why The Toronto Housing Market Won't Crash
While it's easy to think that a few slow weeks are a sign of something larger, a more thorough analysis reveals that the Toronto market is still very strong. There have been many news articles about the slowdown of the Toronto housing market, and many industry prognosticators are predicting a crash. While it's easy to think that a few slow weeks are a sign of something larger, a more thorough analysis reveals that the Toronto market is still very strong. This is more likely just a temporary pause, and here are five reasons why prices and activity in the housing market will soon bounce back and continue to climb.
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Toronto Housing Market Grows 'Tighter' As Sales, Prices Rebound
Fewer homes for sale and growing demand means upward pressure on prices, once again. The Toronto Real Estate Board says the housing market is becoming "tighter" as the number of new listings across the Greater Toronto Area dropped in September, while home sale prices climbed compared with a year ago.
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From Art Deco to Contemporary: 8 Popular Home Styles Explained
When it comes to home design, inspiration can be found in any era. Whether contemporary or colonial, Tudor or Victorian, the tastes of the past have a way of influencing the present. Reviewing architectural conventions can be a great way to curate your preferences when it comes to selecting your next home. Below, eight popular home styles explained.
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