Jenny & Justin Wu | RE/MAX Hallmark Realty Ltd., Brokerage

Real Estate Blog

Real Metrics-February Edition

Rising sales volumes and declining listings are driving prices higher February 2020 For the past few months, we have been writing about the crazy condo market in Toronto, where bidding wars with 17 or 18 offers has become common place. While that phenomenon has been largely contained...

Real Metrics- January 2020 Edition

Will the condo markets repeat the price surge of 2016-2017? January 2020 Average transaction prices in the GTA were up 4% in 2019 (all home types). Detached homes showed modest price growth of 0.9%, while condos rose 6.7%.For months we've been seeing a steady rise in prices...

Real Metrics September 2019

Detached home prices return to 2017 levels, while condos rise to a new record Detached home prices rise to two year highs: The average sales price for a detached home in the GTA was $1,050,421 in September - an increase of 4% from last year, and...

Real Metrics August 2019

Confidence returning August sales in the GTA for all home types were up 13% from a year ago (+21% for detached and +3% for condos), while the average sale price was $792, 611, an increase of 3.6% (+0.2% for detached and +6.2% for condos). These are...

Real Metrics May 2019

More signs of recovery The Toronto housing market continues to display signs of recovery similar to trends in recent months. Overall, average transaction prices in TREB reported areas (which includes the City of Toronto, York, Peel, Durham, Halton and Simcoe) were up 4% year over year...

Real Metrics April 2019

Market shows signs of turning With Spring upon us, April sales showed continued signs of life. Average transaction prices for the GTA rose 2% from a year ago, and 4% from last month. This was the 11th consecutive month of year over year price gains. In...

Real Metrics March 2019

Steady as She Goes March 2019 was a relatively stable month for the GTA and Toronto housing market. Overall, prices were flat year over year, with slight increases for prices of condos offset by a slight decrease in average transaction prices for detached homes. This has...

Real Metrics February 2019

Quiet Resilience December through February are typically the weakest months of the year for real estate in Toronto (August as well). It's a notoriously seasonal market. This has been especially true this year given the extreme cold and near record snow falls. Nevertheless, the Toronto market...

Real Metrics – May 2018

Is the bottom in? "Be fearful when others are greedy, and greedy when others are fearful." Warren Buffet After a short hiatus, we are back to our writing! And its a good time to be back, with the weather turning and activity seemingly heating up too!...

Real Metrics – January 2018

December data suggests stabilizing market but some of this may be due to forward buying ahead of stress tests As we start the year, we would like to thank our clients for trusting us with their needs, and for your referrals. We understand there are many...