Royal LePage Real Estate Services Ltd., Brokerage

If you’ve wondered what real estate sales in the GTA would do with a surge of supply, look no further than January 2021’s condo sales that hit a record year over year increase of 85.5%. While improved affordability - a slight depreciation in the average condo price of 4.7% combined with record low interest rates - would be a factor in the sales numbers, this is a story of availability in an otherwise inventory starved market and the massive demand that persists. January’s 2,766 detached home sales, up by 34.4% compared to January 2020, continue to demonstrate the high demand from buyers wanting more space even as average prices increased by nearly the same rate as sales.

Get an inside look at this listing by Olga Grant from the comfort of home! Flip through the pages of the interactive brochure for 60 Hanson Road Th130 - a lovely Hampton Oaks end unit townhome in the heart of Mississauga!

Housing markets reached new heights in 2020, and Canada’s housing prices have grown faster than those in the United States, though they once used to routinely march in step.

Get an inside look at this listing by JoAnne Gludish Realtor from the comfort of home! Flip through the pages of the interactive brochure for 1 Old Mill Drive #813 - a bright 1+1 bedroom suite offering views of the city skyline and lake!

As the new year begins, so do the predictions for this year's real estate market.

With over 95,000 home sales, the GTA real estate market had its third strongest year on record in 2020. This represents an 8.4% increase over 2019 results despite coming to a near-standstill last spring. December 2020 sales were up a remarkable 65% from a year ago. Overall prices accelerated further, particularly in the detached home sector, under extremely tight demand-supply conditions. Condo inventories swelled in December with active listings up 172% in the 416 and 159% in the GTA. But while condo prices have continued to soften as inventories increase, their December 2020 sales were spectacular. At nearly 76% greater than for the same period last year, sales numbers indicate there’s no shortage of condo buyers in the GTA. Condos will be the market segment to watch in 2021.

It's that time of the year where we look back at the ride that was real estate in 2020.

'Tis the season for some Toronto real estate humour! (Tweet via Amy Wood - http://ow.ly/OIYN50CPoMU )

The industries that contributed the most to October’s growth included real estate, construction, finance, insurance, rental and leasing, and ‘other services.’

In honour of those who sacrificed their lives to protect our country. Lest we forget.

New third quarter numbers from the Toronto Regional Real Estate Board (TRREB) show there are now 113 per cent more units available for lease on the market than in the third quarter of last year, when there were 16,350 units up for rent.

Get an inside look at this listing by Lori Clark from the comfort of home! Flip through the pages of the interactive brochure for 217 Prince Edward Drive South - a wonderful family home offering exciting space in Sunnylea!

Get an inside look at this listing by the Red Square Team from the comfort of home! Flip through the pages of the interactive brochure for 51 East Liberty Street Unit 802 - a fabulous 1 bedroom + den suite in the heart of Liberty Village!

September data from the Toronto Regional Real Estate Board and research firm Urbanation Inc. show a surge of units for sale, the beginning of a weakening trend for condos, along with a sharp decline in rents.

Get an inside look at this listing by Peter Howell, Realtor from the comfort of home! Flip through the pages of the interactive brochure for 4118 Sawmill Valley Drive - an outstanding home located in a private treed yard in the popular neighbourhood of Sawmill Valley!

Toronto’s condo market showed more signs of cooling in October, as people sought more spacious accommodation outside the core of Canada’s biggest city with the coronavirus pandemic still raging.

Another record breaking month for GTA real estate! Low interest rates, the ability to work from home for many, the desire for bigger spaces and pent up demand were a potent combination for September 2020 GTA real estate sales. The month was the fourth in a row where both GTA home sales and prices have set new records with sales up by 42 per cent and average prices up by 14 per cent inclusive of all property types compared to September 2019.

Get an inside look at this listing by Elli Davis Homes from the comfort of home! Flip through the pages of the interactive brochure for 18 Beverley Street #202 - a rarely offered garden suite that feels just like a home!

August sales statistics released by CREA show the national average sale price for a house in Canada has gone up by 18.5 per cent in the past year - and while the GTA market has been on fire in recent years, it wasn’t the only region driving the price increase.

Get an inside look at this listing by Brendan FitzPatrick from the comfort of home! Flip through the pages of the interactive brochure for 25 Thames Avenue - a rare, move-in ready gem in Alderwood!

Home prices across Canada could tumble about seven per cent in 2021, as unemployment dampens the hot real estate market, according to a forecast by Moody's Analytics, Inc.

Get an inside look at this listing by the Askninasteam from the comfort of home! Flip through the pages of the interactive brochure for 5 Brenda Avenue - a haven of luxurious styling in Brampton!

Average single family detached house prices will fall by 6.7 per cent next year as the recovery stalls, economic stimulus fades and debt problems increase, Moody’s Analytics and RPS Real Property Solutions Inc. forecast in a housing market outlook published Wednesday.

Get an inside look at this listing by Grant Allardyce Real Estate Sales Representative from the comfort of home! Flip through the pages of the interactive brochure for 7 Michael Power Place #1503 - a rarely available spacious corner unit in the heart of Islington City Centre!

According to a new report by the CMHC, Canada's housing market experienced overvaluation in some pockets of the country in the spring amid the COVID-19 pandemic.

Get an inside look at this listing by Susan Taylor from the comfort of home! Flip through the pages of the interactive brochure for 22 Frankton Crescent - a four bedroom back split home in a high demand area close to York University!