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Market update week ending June 10th

10 June 2022
Eileen Wylie

The Greater Toronto Area’s housing market is in the beginning stage of a price correction — one that, it could be argued, is long overdue — but the recent drop in home values could be more dramatic in some areas than others.

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Market update week ending June 3rd

06 June 2022
Eileen Wylie

Toronto saw one of the biggest jumps in rent prices in the GTA, and experts warn a cooling housing market could mean high rental costs are here to stay. A new real estate report shows that the price of housing in the GTA has skyrocketed and rents have returned to pre-pandemic rates. Recent data from Bullpen Research & Consulting and TorontoRentals.com shows the amalgamated average cost for rental units and condos combined in downtown Toronto is $2,325 a month, a 15.9 per cent annual increase. The price tag is much higher when square footage is taken into account, as Toronto has by far seen the most dramatic uptick in rent prices in the GTA.

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