Category: GTA

Homes sell for under the asking price in the GTA. And rents in Canada fall for 11th straight month

TORONTO – In almost every neighbourhood in Toronto and the GTA, homes sold for below asking prices last month, according to a report by Wahi, a real estate analytics firm. “In August, the share of neighbourhoods in underbidding territory across the region matched a three-year high” said Wahi’s Josh Sherman. According to the report, released on September 4 (and available here), 98% of GTA neighbourhoods with at least five home sales during the month were underbid in August, up from 95% in July and 89% a year ago.

GTA, summer boom in home sales: 6,100 in July with prices falling

TORONTO — The Toronto real estate market is booming again after a long time: home sales in the GTA increased 10.9% in July compared to the previous year, with 6,100 properties transferred, the highest number of transactions recorded in the same month since 2021. The Toronto Regional Real Estate Board (TRREB) stated that sales also increased 13% compared to June on a seasonally adjusted monthly basis, as increased affordability, driven by lower prices and financing costs, is starting to translate into increased home sales.