Steven Maislin's blog

March 2022 Dear Friend,

February ended with the Toronto Real Estate Board reporting the sale of 9,097 homes, the second-best February in the history of the Board. Entering February with a shallow inventory of homes for sale meant that competition between buyers was intense, and prices had nowhere to go but up. In February, the average sale price was $1,334,544, up from $1,242,760 in January.

As I said last month, do not panic! Monthly fluctuations of the average price are expected, and overall prices will increase by 10-15% this year.

March 2022 Dear Friend,

February ended with the Toronto Real Estate Board reporting the sale of 9,097 homes, the second-best February in the history of the Board. Entering February with a shallow inventory of homes for sale meant that competition between buyers was intense, and prices had nowhere to go but up. In February, the average sale price was $1,334,544, up from $1,242,760 in January.

As I said last month, do not panic! Monthly fluctuations of the average price are expected, and overall prices will increase by 10-15% this year.

February 2022

Dear Friend,

January 2022

Dear Friend,

The Toronto real estate market set several records in 2021; 121,712 homes sold, the highest average selling price of $1,095,475, the most Realtors ever (almost 63,000), and the least number of homes listed on the market (3,232). As I predicted, 416 condominium prices rebounded in 2021 with a 16.8% price increase to an average of $730,792, an affordable number for many seeking to live in Toronto. These factors contributed to an overall 17.8% increase in home prices throughout 2021.

December 2021,

Dear Friend,

With 9,017 sales reported, November 2021 became the most active November in the history of the Toronto Real Estate Board and set a record for the highest average price, $1,163,323, up 21.7% over November 2021. The average sale price year to date as of the end of November is $1,092,212, up 17.5 % since the start of the year.

 As I have been predicting, the 416 area code condominium prices quickly increase and are now 16.5% up from the start of the year. (21.1% in 905)

December 2021,

Dear Friend,

With 9,017 sales reported, November 2021 became the most active November in the history of the Toronto Real Estate Board and set a record for the highest average price, $1,163,323, up 21.7% over November 2021. The average sale price year to date as of the end of November is $1,092,212, up 17.5 % since the start of the year.

 As I have been predicting, the 416 area code condominium prices quickly increase and are now 16.5% up from the start of the year. (21.1% in 905)

November 2021

Dear Friend

October 2021

Dear Friend,

August 2021,

Dear Friend,

Another busy month of sales as the Toronto Real Estate Board reported the sale of 9,390 homes in July, one of the busiest Julys on record.

Multiple offers continued to be the norm for well-priced properties as the shortage of homes available for sale has not eased. With only 12,551 new properties coming on the market in July, it remains a Seller’s market as there are less than 11/2 months of inventory of homes for sale.

July 2021

 Dear Friend,

Another great month of sales as Toronto realtors sold 11,106 homes at an average price of $1,089 536. While many statistics are being bandied about, such as,” Average price is up 28% over the same time as last year”, these numbers are not relevant due to the impact of COVID-19 in 2020.

The critical numbers are the following: