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The future of Toronto's housing market may be uncertain, but there are clear signs that activity might warm up heading into the summer. 

According to the latest MLS data, home sales shot up by 55.2% from April to May with 4,606 transactions in the GTA. The number of new listings also increased by 47.5% compared to April, with a total of 9,104. 

The average selling price rose 3% year-over-year from May 2019 to $863,599. 

Since the spring market started later than usual, there’s a good chance that we’ll experience a busier summer market as a result. 

While we don’t expect to see a record breaking year as was once predicted prior to the health crisis, we are optimistic that the housing market could accelerate as the economy reopens.

Stay tuned for more…

Greetings from the safety of our self isolation to yours. As we continue to practice social distancing and follow the latest health recommendations, we wanted to ensure you that we’re here to answer any questions you may have as a buyer or seller during these uncertain times.

We are still able to show properties if necessary, and are now offering virtual showings to service our clients from the comfort of their home. Although it's not ideal, we are adjusting to the new normal and will do everything in our control to ensure your peace of mind when entering the market. 

While we cannot predict exactly how the market will respond to the new rules and regulations, we can still offer some insight into what we can expect in the short- and long-term of…

The continued spread of coronavirus has understandably raised concerns around Canada and the world. The well-being of our clients and their families is of deepest concern to us, and your safety will remain our top priority as this situation continues to evolve.

As we move forward, we are taking active measures to monitor the situation closely and follow the latest guidance from our local, provincial and federal authorities to ensure that our practices are aligned with the latest recommendations.

In the midst of this pandemic, our CEO Phil Soper has reached out with these encouraging words regarding the coronavirus and its impact on Royal LePage and Canadian real estate:

“I write to assure you that Royal LePage has detailed business continuity and…