A Look at the Toronto Real Estate Market Today

The Toronto real estate market remains strong, with prices steadily increasing and supply failing to keep up with demand, leading to higher prices; the best time to buy a house in Toronto is typically in January or August.

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Relevant topic timeline:

8/21/2023

Posthaste: Sellers return to Canada's housing market just as buyers go missing

Canada's housing market is seeing a surge in new listings, with a 5.6% increase in July, indicating a possible shift in sentiment among homeowners, while home sales have declined due to higher mortgage costs and interest rates. However, prices continue to rise, although at a slower pace.

8/24/2023

Housing Market 2024

The housing market in 2024 is expected to remain challenging for both buyers and sellers, with high mortgage rates, steep home prices, and low inventory levels, but if mortgage rates cool as predicted, market activity should increase.

9/3/2023

The Housing Market Is Approaching Its Slow Season. Why Home Builder Stocks Might Not Be.

The housing market is entering its slow season and home sales may be impacted by high mortgage rates, but home builder stocks could remain strong.

9/6/2023

Toronto home prices fall for third straight month in August

Greater Toronto Area (GTA) home prices fell for the third consecutive month in August due to higher borrowing costs and economic uncertainty, with the average price dropping 3.1% to C$1,082,496 ($793,619).

9/18/2023

California Home Prices Hit 15-Month High in August Amid Low Inventory and High Mortgage Rates

Home prices in California reached a 15-month high in August 2023, attributed to rising mortgage rates and a shortage of homes on the market, but the market is expected to improve in the last quarter of the year as interest rates ease, according to the California Association of Realtors.