Greater Toronto real estate wasn’t looking as confident as it had been recently. TRREB data shows the price of a typical home (composite benchmark) climbed in June 2023. However, the increase was notably smaller than recent months, potentially indicating slowing momentum. At the same time, some affluent suburbs returned to falling prices—one dropping as much as $50k in June. Greater Toronto Real...

Market could be shifting into 'buyers’ market' territory if sales continue to slow. Has the Toronto real estate market’s rebound already run out of steam? That’s a question some homeowners might be asking after sales declined on a month-over-month basis in June while new listings jumped to the highest level in a year. The 17 per cent decline in sales from a peak of 9,012 units in May ended a...

The infamous Schitt's Creek mansion, also known as "La Belle Mansion," located at 30 Fifeshire Rd. in the York Mills and Bayview area has been on and off the market several times since 2018. It's actually been 11 times, but who's counting? And the realtors have tried every price strategy in the book, with listing prices ranging from $1 to $21,788,000. But last year, it finally sold for...

There was a “sharp rebalancing of demand-supply conditions” in Toronto’s real estate market last month as the Bank of Canada’s recent decision to resume its rate hiking cycle pushed some buyers to the sidelines, a new report from RBC suggests. The report, released last week, notes that home sales fell 6.9 per cent in Toronto in June after soaring by 32 per cent in April and May when the Bank of...