May 2020 | Toronto Real Estate Market Report

Presented by Chestnut Park Real Estate, Limited. The residential resale market recovered dramatically from the lows experienced in April. In April only 2,975 properties were reported sold for the entire greater Toronto area. A typical April market would produce 9,000 plus sales. April’s decline compared to April 2019 was a shocking 67 percent. In May the…
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April 2020 | Toronto Real Estate Market Report

Presented by Chestnut Park Real Estate, Limited. The Toronto and area resale market performed as expected in April. As reported in our March report, the implementation of the emergency lockdown measures had a crushing impact on the resale housing market. With most businesses closed and more than three million Canadians unemployed there was no reason to…
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March 2020 | Toronto Real Estate Market Report

Presented by Chestnut Park Real Estate, Limited. Until the Ontario Provincial Government declared a state of emergency, the Toronto and area residential resale market was on course to produce one of the strongest, most robust markets on record, including the establishment of a record-breaking monthly average sale price. All that changed around the middle of the…
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February 2020 | Toronto Real Estate Market Report

Presented by Chestnut Park Real Estate, Limited. It is not surprising that February was one of the strongest and most robust resale months since April 2017. What is surprising is that the market unfolded in a landscape of low resale housing supply and record-breaking average sales prices. February saw 7,256 properties reported sold, almost 2,000 of…
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January 2020 | Toronto Real Estate Market Report

Presented by Chestnut Park Real Estate, Limited. A new decade, but little change in Toronto’s residential resale market. As anticipated in my December Market Report, January came in strong with 4,581 sales in the greater Toronto area. This was a stunning 15.4 percent increase compared to the 3,968 sales reported for January last year. Enthusiasm…
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December 2019 | Toronto Real Estate Market Report

Presented by Chestnut Park Real Estate, Limited. The December market for residential resale properties came in exactly as anticipated, with substantially higher sales and average sale prices compared to last December, and not surprisingly, the month and year ended with a critical shortage in available resale inventory. In December 4,399 properties were reported sold. This…
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November 2019 | Toronto Real Estate Market Report

Presented by Chestnut Park Real Estate, Limited. The November market report has basically written itself. It is another month with results almost identical to the preceding eight months. Sales were up substantially compared to November last year, and similarly average sale prices also rose. Specifically, sales rose by almost 15 percent compared to last year,…
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October 2019 | Toronto Real Estate Market Report

Presented by Chestnut Park Real Estate, Limited. October represents eight months of market recovery and stability in the Toronto and area residential resale marketplace. October roared in with 8,491 sales, 14 percent stronger than the 7,448 residential properties reported sold last year and almost 700 more properties than were reported in September. It is now…
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September 2019 | Toronto Real Estate Market Report

Presented by Chestnut Park Real Estate, Limited. Toronto and area’s residential resale market, which I have been describing as beautifully boring over the last few months, got a lot less boring in September. Compared to last September, reported sales were up by 22 percent, but more concerning is the fact that average sale prices jumped…
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August 2019 | Toronto Real Estate Market Report

Presented by Chestnut Park Real Estate, Limited. Happily, the Toronto and area residential resale market place delivered August results as anticipated and in a way that ensures that the resale market will remain stable, sustainable and accessible. The only concern is inventory, particularly in the City of Toronto. Sales volumes were up by over 13…
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