Now PlayingJune 3, 2023

Toronto Housing Market Is BACK & Inventory Is Finally Coming

P.S. Whenever you’re ready there are 3 ways we can connect. 1 - Book an appointment with me 2 - Check out my weekly podcast, “The Tom Storey Show” 3 - Learn about my partnership with Scott Mcgillivray Toronto real estate market recap Good news for buyers? New listings are up 33% In May Active listings are up 14% Prices Discovery Prices increase for 5 months Average GTA price $1,196,101...

P.S. Whenever you’re ready there are 3 ways we can connect.

1 - Book an appointment with me 📅
https://calendly.com/tomstorey

2 - Check out my weekly podcast, “The Tom Storey Show” 🎙️
https://www.youtube.com/@TheTomStoreyShow

3 - Learn about my partnership with Scott Mcgillivray ✨
https://youtu.be/B1Waset7XOM

Toronto real estate market recap 📈

Good news for buyers?

✅New listings are up 33% In May
✅Active listings are up 14%

Prices Discovery

✅ Prices increase for 5 months
✅ Average GTA price $1,196,101
✅ Prices are down 1.2% YOY

Sales Volume

✅ Sales up 24.7% year over year
✅ Sales are up 19.5% in May Vs April

Interesting numbers

✅ 2M + represents 7.1% of sales
✅ 78% of all condos sold under $800,000
✅ 42% of detached homes sell between 1M-1.5M

Video Chapters

1. 0:00 - Toronto Housing Prices: 5 Months of Growth

2. 0:15 - Encouraging Signs of New Inventory

3. 0:26 - Analyzing the Toronto Housing Market

4. 1:18 - Predictions for Market Slowdown

5. 2:01 - Comparing New Listings and Sales

6. 2:56 - Breaking Down Sales by Property Type

7. 3:36 - Where is the Demand Happening?

8. 4:11 - Price Growth in Different Asset Classes

9. 5:20 - Potential Rate Hike and Market Cooling

10. 5:53 - Townhouses in the Toronto Market

11. 6:36 - Final Thoughts on the Toronto Housing Market

The opinions expressed herein are solely that of Tom Storey, not Royal LePage or the TRREB, and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement. This is not financial advice.

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