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  • December, 2018: Toronto & GTA MLS® home sales: Decidedly cooler

    Andrew Gibson 05 December 2018

    Total Active Listings [TAL] - representing overall market supply - fell a significant 9.8%…even in the face of those lower sales numbers…to 16,420. It may be that in the face of lower sales and lower prices [versus the infamous Spring of ’17], Sellers are opting to sit tight in hopes of a more robust Spring of ’19. More robust than now, that is. We see nothing on the horizon - obviously - that would drive anything like what happened two springs ago. Quite the contrary, in fact...

  • Toronto & GTA MLS® Home Sales - October, 2018: Inventory Still Constrained

    Andrew Gibson 07 November 2018

    Days on Market - the time it took to sell the average home in the GTA - was 24 in October. That’s almost the same as last October’s 23 days and - again - well beneath the historical average. As we’ve noted here before, however, the DOM figure has to be taken with a grain of salt from an historical perspective given the practice in recent years of terminating listings and re-writing them “anew” as opposed to simply “editing” a listing. The terminate/re-write practice is now often utilized where the asking price is being reduced or simply to “freshen up” a listing that’s been on the market for awhile. Obviously the newer practice shortens the average time it takes to sell from a statistical standpoint.

  • Sneak Preview: October 2018 Toronto & GTA House Sales Statistics

    Andrew Gibson 02 November 2018

    ...Below we offer you several charts taken from Toronto MLS® searches to convey stats such as Median & Average sales prices for each of the areas; Days on Market; etc., and corresponding figures for October, 2017. We've also split out some Bungalow-specific numbers for each area [again, Year-over-Year] - just to illustrate how Bungalows compare to the bigger picture...

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