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I have sold a property at Ph 13 480 McLevin Avenue in Toronto

I have sold a property at Ph 13 480 McLevin Avenue in Toronto on Jul 24, 2024. See details here

Completely renovated one-bedroom condo at Mayfair on the Green. The living room has a walkout to a large balcony and is perfect for entertaining guests or relaxing after a long day. The bedroom has a large walk-in closet. Fantastic amenities include a refreshing indoor swimming pool to cool off on hot summer days, a sauna, and an equipped gym and squash court to help you stay active and healthy. Includes one parking spot and one locker.

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I have sold a property at 1708 25 Carlton Street in Toronto

I have sold a property at 1708 25 Carlton Street in Toronto on Jun 27, 2024. See details here

Stunning 1 bedroom and den condo located at Yonge & Carlton. Open concept living and dining area perfect for entertaining and a balcony you can sit on. Stylish kitchen with stainless steel applications. Spacious bedroom with large walk-in closet

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I have sold a property at 2805 2200 Lake Shore Boulevard W in Toronto

I have sold a property at 2805 2200 Lake Shore Boulevard W in Toronto on Mar 8, 2024. See details here

Step into your dream lifestyle with this stunning one-bedroom condo in the heart of the vibrant Westlake community. Located on a high floor, this spacious unit offers a balcony which is accessible from your living room. Experience a sense of openness and luxury with 9" high ceilings throughout the unit. Prepare gourmet meals in style in your modern kitchen with undermount lighting and a custom-built kitchen island for added convenience. Walk-on elegance with updated flooring and black-out blinds in the living room were installed in 2020. The lavish amenities club offers a party room, fully equipped fitness area, yoga area and massage room, theatre, billiards, dining room, and lounge. 24hr concierge. Don't miss the opportunity to elevate your lifestyle in this prestigious community close to the lake.

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I have sold a property at 908 2267 Lake Shore Boulevard W in Toronto

I have sold a property at 908 2267 Lake Shore Boulevard W in Toronto on Aug 17, 2023. See details here

Marina del Rey with direct access to the boardwalk. Fabulous Malibu Club amenities with two outdoor tennis courts, BBQ area, squash courts, indoor pool, whirlpool, sauna, showers, party room, sun deck, library, 24 hour security. Two bedroom unit plus den faces south west overlooking the water. Large Walk-in Closet in the Primary Bedroom. Maintenance includes: heat, hydro, water, fibe TV, building insurance, parking and common elements.

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I have sold a property at 47 Lafferty Street in Toronto

I have sold a property at 47 Lafferty Street in Toronto on Mar 28, 2023. See details here

Your Dream Home Awaits In A Tranquil Neighbourhood. A Fabulous Fully Detached Home Located Beside Centennial Park. This Sunny Home Boasts A Large Living & Dining Area, & An Extra Large Kitchen Great For Entertaining. You Will Enter Your Private Backyard Oasis Through The French Doors From The Family Room. Enjoy A Soak In The Hot Tub, Or Have A Quiet Drink On The Deck. Primary Brrm Has An Extra Large Ensuite And Separate Shower Stall. Freshly Painted Bdrms

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I have sold a property at 921 2267 Lake Shore Boulevard W in Toronto

I have sold a property at 921 2267 Lake Shore Boulevard W in Toronto on Sep 9, 2022. See details here

Enjoy The Wonderful Views Of The City Cn Tower, Parkland & Courtyard From Rare Balcony Suite In Marina Del Rey. This 1200 Sq Ft Suite Has Two Bedrooms, Two Washrooms, With Eat-In Galley Kitchen. Plus No-One Living Above You!!! And Two Parking Spots, Tandem Style & One Locker. New Appliances S.S.Lg French Door Fridge, Lg Bosch Dishwasher, Broan Range Hood Fan, Lg Stove, Front Load Lg Washer & Dryer, New Carpet In Primary Bdrm.

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MARKET WATCH for FEBRUARY 2025

GTA REALTORS Release February Stats TORONTO, ONTARIO, March 5, 2025 – Home buyers continued to benefit from substantial choice in the Greater Toronto Area (GTA) resale market in February 2025. Home sales last month were down compared to the same period last year, while listing inventory remained high, providing substantial negotiating power for homebuyers.

"Many households in the GTA are eager to purchase a home, but current mortgage rates make it difficult for the average household income to comfortably cover monthly payments on a typical property. Fortunately, we anticipate a decline in borrowing costs in the coming months, which should improve affordability," said TRREB President Elechia Barry-Sproule.

“On top of lingering affordability concerns, home buyers have arguably become less confident in the economy. Uncertainty about our trade relationship with the United States has likely prompted some households to take a wait and see attitude towards buying a home. If trade uncertainty is alleviated and borrowing costs continue to trend lower, we could see much stronger home sales activity in the second half of this year,” said TRREB Chief Market Analyst Jason Mercer.

GTA REALTORS® reported 4,037 home sales through TRREB’s MLS® System in February 2025 – down by 27.4 per cent compared to February 2024. New listings in the MLS® System amounted to 12,066 – up by 5.4 per cent year-over-year. On a seasonally adjusted basis, February sales were down month-over-month compared to January 2025.

The MLS® Home Price Index Composite benchmark was down by 1.8 per cent year-over year in February 2025. The average selling price, at $1,084,547, was down by 2.2 per cent compared to the February 2024. On a month-over-month basis, the MLS® HPI Composite and the average selling price edged lower after seasonal adjustment.

“With the Ontario provincial election just behind us and the federal political situation in flux, there is a lot to consider from a policy perspective when it comes to housing. Not only do existing policy makers and those vying for high public office need to make clear their direction on housing supply and affordability, but they also need to be clear on how they intend to tackle issues related to trade and the economy. Clear direction will go a long way to strengthen consumer confidence,” said TRREB Chief Executive Officer John DiMichele.

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MARKET WATCH JANUARY 2025

GTA REALTORS Release 2025 Outlook and January Stats TORONTO, ONTARIO, FEBRUARY 5, 2025 – The Toronto Regional Real Estate Board’s (TRREB) Market Outlook and Year in Review report reveals that a well-supplied housing market will keep average annual home price growth at the rate inflation, with the average selling price increasing moderately in the Greater Toronto Area (GTA) over the course of the year.

A growing number of homebuyers will take advantage of lower borrowing costs as we move toward the 2025 spring market, resulting in increased transactions and a moderate uptick in average selling prices in 2025. However, the positive impact of lower mortgage rates could be reduced, at least temporarily, by the negative impact of trade disruptions on the economy and consumer confidence,” said TRREB Chief Market Analyst Jason Mercer.

For 2025, TRREB forecasts:
- A total of 76,000 home sales in 2025, up by 12.4 percent over 2024. Lower borrowing costs coupled with ample supply will improve affordability and prompt more buyers to move off the sidelines.

- The average selling price to reach $1,147,000, up by 2.6 per cent over 2024, for all home types combined. Price growth will be stronger for single-family homes, as compared to the well-supplied condo apartment market.

"As we look to the future, prioritizing housing diversity and supply remains paramount. Encouraging the development of missing-middle housing—such as townhomes, duplexes, and low-rise multi-unit buildings—is critical to delivering a range of attainable options for individuals and families. Purpose-built rentals also play a vital role in ensuring everyone has access to a place they can call home," said TRREB President Elechia Barry-Sproule.

"At TRREB, we believe the solution starts with collaboration. Traffic congestion and affordability are interconnected challenges that require integrated approaches. The current system of high development charges, taxes, and administrative hurdles only exacerbates the issues. This stalls progress on building the housing supply we need to support our growing communities,” said TRREB CEO John DiMichele.

The year started off with GTA REALTORS® reporting 3,847 home sales through TRREB’s MLS® System in January 2025 – down by 7.9 per cent compared to the same period last year. New listings in the MLS® System amounted to 12,392 – up by 48.6 per cent year-over-year. On a seasonally adjusted basis, January sales were up month-overmonth compared to December 2024. The MLS® Home Price Index Composite benchmark was up by 0.44 per cent year-over year in January 2025. The average selling price, at $1,040,994, was up by 1.5 per cent compared to the January 2024.

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MARKET WATCH DECEMBER 2024

TRREB: Housing Market Gets More Affordable in 2024 with Lower Rates and Prices TORONTO, ONTARIO, January 7, 2025

The Greater Toronto Area (GTA) housing market experienced a transitionary year in 2024. Annual sales were up slightly compared to 2023, and new listings were up significantly year-over-year. Buyers benefited from substantial negotiating power on price, especially in the condominium apartment market. Average selling prices in 2024 dipped in comparison to 2023 as a result.

“Borrowing costs were top of mind for home buyers in 2024. High interest rates presented significant affordability hurdles and kept home sales well below the norm. The housing market did benefit from substantial Bank of Canada rate cuts in the second half of the year, including two large back-to-back reductions. All else being equal, further rate cuts in 2025 and home prices remaining below their historic peaks should result in improved market conditions over the next 12 months,” said the Toronto Regional Real Estate Board (TRREB) President Elechia Barry-Sproule.

Annual 2024 home sales amounted to 67,610 – up by 2.6 per cent from 65,877 sales in 2023. New listings, at 166,121, were up by a greater annual rate of 16.4 per cent. Listings increasing by a greater rate than sales provided buyers with considerable choice in the marketplace, which effectively kept a ceiling on any widespread price growth.

The average selling price for all home types combined was $1,117,600 in 2024, representing a decline of less than one per cent compared to the 2023 average of $1,126,263. Market conditions were tighter for ground-oriented housing and selling prices held up better in these segments as a result. Price declines were more notable for condo apartments.

“Market conditions varied by market segment in 2024. Sales of single-family homes, including detached houses, increased last year, whereas condo apartment sales were down. Many would-be first-time buyers remained on the sidelines, anticipating more interest rate relief in 2025. The lack of first-time buyers impacted the less-expensive condo segment more so than the single-family segments,” said TRREB Chief Market Analyst Jason Mercer.

“Consumer sentiment, monetary policy, development policy, and issues such as congestion continued to impact the resale, new, and rental housing markets in 2024. Government policies on these fronts need to be reviewed in 2025. TRREB is providing in-depth coverage on all of these topics in our highly anticipated Market Outlook and Year in Review report to be released at the beginning of February,” said TRREB CEO John DiMichele. GTA home sales amounted to 3,359 in December 2024 – down slightly from December 2023. New listings were up over the same period, continuing the trend of a well-supplied market. The MLS® Home Price Index Composite Benchmark was up by less than one per cent year-over-year in December. Over the same period, the average price, at $1,067,186, edged lower.

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A Look ahead at GTA HOUSING, Infrastructure & Sustainability

Provided by the Toronto Regional Real Estate Board

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A Look Ahead: Real Estate Moving Forward

With the real estate market constantly fluctuating, it's hard to predict what the future holds. But by taking a look at some of the major trends in today’s real estate market, we can make an educated guess as to what real estate will look like moving forward. Here’s a quick overview of what you can expect in the coming years.

Climate Change
One of the biggest factors that will shape the future of real estate is climate change. Sea levels are rising, wildfires are becoming more frequent and more destructive, and extreme weather events are becoming increasingly common. These changes will have a direct impact on where people want to live (or don't want to live) and how much they're willing to pay for property in those areas. In addition, buyers may start demanding that homes be built or upgraded with features such as solar panels and wind turbines that allow them to generate their own power and conserve energy.

Demographics
Another factor that will shape the future of real estate is demographics. As baby boomers continue to retire, many will be looking to downsize from their larger family homes into smaller properties that require less upkeep and maintenance. At the same time, millennials are starting families of their own and will likely be looking for larger homes with amenities such as open floor plans and modern appliances. This shift in demand could lead to an increase in new construction projects designed specifically for these two different age groups.

Technology
Finally, technology is playing a role in shaping how people buy and sell real estate —and it's only going to become more important in the future. Buyers are using apps like Zillow and Redfin to search for properties and compare prices without ever having to visit a physical office or talk directly with an agent; sellers can list their properties online without paying any commission fees; drone photography is becoming increasingly popular for giving potential buyers a better view of properties from afar; virtual reality tours are allowing buyers to virtually walk through homes before ever setting foot inside them; automated home systems allow homeowners greater control over their environment than ever before; etc., etc.. Technology has quickly become intertwined with every step of buying or selling real estate—and this trend is only going to continue as technology advances even further over the next few years.

Conclusion:
The future looks bright for those involved in the world of real estate! From climate change impacting where people want (or don't want) to live, demographics changing what types of properties people want (or need), and technology making things easier than ever before, there's no telling how much things could change in the future - but one thing's for sure: it'll be interesting! So keep your eyes peeled over the next few years as we move towards an exciting new era in real estate!

TRREB Releases Q4 2022 Rental Market Statistics

 TORONTO, ONTARIO, January 31, 2023 - Average condominium apartment rents continued to increase by double-digit annual rates in the fourth quarter of 2022. However, while market conditions remained tight enough to support very strong rent growth, there was more balance in the rental marketplace compared to the same period a year earlier in 2021.

The number of condominium apartment rental transactions reported through the Toronto Regional Real Estate Board9s (TRREB) MLS® System was down on a year-over-year basis by 19.9 per cent in the fourth quarter of 2022. The number of rental listings was also down over the same period, but by a lesser annual rate of 11.8 per cent. The fact that the number of units leased was down by more than the number of units listed suggests that would-be renters benefitted from more choice compared to a year ago. 

"Strong population growth based on record immigration and robust job creation across a diversity of economic sectors drove rental demand in 2022.  In addition, aggressive interest rate hikes by the Bank of Canada impacted affordability for many households, prompting a shift from homeownership to rental. All of these factors will continue to support strong rental demand in 2023,"  said TRREB President Paul Baron. 

The average rent for a one-bedroom condominium apartment increased by 19 per cent to $2,503 in the forth quarter of 2022.  Over the same period, the average two-bedroom rent increased by 14.1 per cent to $3,178.

"Tight rental market conditions and strong rent increased will be the norm more often than not for the foreseeable future.  On one hand, we will continue to experience strong rental demand in the GTA based on solid fundamentals. On the other hand, the persistent supply shortage will continue to result in strong competition between would-be renters, exerting upward pressure on rents.  The solution is no secret: we need to see new policies pointed on more supply to translate into shovels in the ground for many years to come," said TRREB Chief Market Analyst Jason Mercer.











GTA REAL ESTATE MARKET STARTS THE NEW YEAR THE SAME AS IT ENDED LAST YEAR TORONTO, ONTARIO, FEBRUARY 3, 2023 

As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. On a year-over-year basis, both sales and prices were down markedly, continuing to highlight the impact of higher borrowing costs on affordability over the last year. “Home sales and selling prices appear to have found some support in recent months. This coupled with the Bank of Canada announcement that interest rate hikes are likely on hold for the foreseeable future will prompt some buyers to move off the sidelines in the coming months. Record population growth and tight labour market conditions will continue to support housing demand moving forward,” said Toronto Regional Real Estate Board (TRREB) President Paul Baron. GTA REALTORS® reported 3,100 sales through TRREB’s MLS® System in January 2023 – in line with the December 2022 result of 3,110, but down 44.6 per cent from January 2022. The average selling price for January 2023 at $1,038,668 was slightly lower than the December 2022 result and down by 16.4 per cent compared to the January 2022 average price reported before the onset of Bank of Canada interest rate hikes. The MLS® Home Price Index (HPI) Composite Benchmark was in line with the December result, but down by 14.2 per cent compared to January 2022. “Home prices declined over the past year as homebuyers sought to mitigate the impact of substantially higher borrowing costs. While short-term borrowing costs increased again in January, negotiated medium-term mortgage rates, like the five-year fixed rate, have actually started to trend lower compared to the end of last year. The expectation is that this trend will continue, further helping with affordability as we move through 2023,” said TRREB Chief Market Analyst Jason Mercer. “All three levels of government have announced policies to enhance housing affordability over the long term, including many initiatives focussed on increasing housing supply in the ownership and rental markets. Most recently, we were encouraged to see Toronto City Council support the Mayor’s 2023 Housing Action Plan as part of the City’s overall $2 billion commitment to housing initiatives,” said TRREB CEO John DiMichele. TRREB will release its annual Market Outlook and Year in Review report on Friday, February 10, 2023.

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This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.