Consumers are now armed with more data than ever on housing. TRREB makes all of its monthly statistics available to the public via its website (and has for a long time). You've got several websites to choose from that give you sold data. And you've got a handful that use some kind of algorithms (I'm assuming) to give you price estimates for homes that are currently on the market - which is important these days since 65% of freeholds (detached, semi-detached, and rowhouses) this year... [read more]

Every month recently has been a lot different than the prior. In February things were hot. March was a tale of two halves, with the first half continuing hot, and then the brakes coming on in the second half after all three levels of government started implementing COVID-19 measures. Then April was one long month of riding the brakes, with 2,975 GTA sales representing the lowest April in the last 25 years (as far back as TRREB supplies monthly numbers for). May was a bit of bounceback... [read more]

The MLS Home Price Index (HPI) is designed to act like the more familiar Consumer Price Index (CPI). While the CPI tracks the price of a basket of goods, the HPI tracks the price of a basket of house attributes. For a more detailed look into how the HPI works, check out this blog post. It's been a long time since I've posted the HPI charts, but with 2018 just ending I thought it would be a good time to share a look-in. Note, I zero-in on just the 416. Different parts of the... [read more]

Are you curious how your house or condo has appreciated over time compared to the average in the city? Or how those average price increases look versus the stock market? Well then you came to the right place. I've been compiling this after the June and December market statistics are released. Here's where you can find the posts for Q4 2017, Q2 2017, Q4 2016 and the first primitive one I did for Q2 2016. I will show some of the charts in this blog post, but for the full... [read more]

Every month recently has been a lot different than the prior. In February things were hot. March was a tale of two halves, with the first half continuing hot, and then the brakes coming on in the second half after all three levels of government started implementing COVID-19 measures. Then April was one long month of riding the brakes, with 2,975 GTA sales representing the lowest April in the last 25 years (as far back as TRREB supplies monthly numbers for). May was the start... [read more]