Your Weekly Toronto Real Estate Snapshot, Powered By Zoocasa (Jan. 16 – 22)

decline

decline

Frigid January weather has kept all but the most determined buyers from the housing market. Sales remain below last month’s levels by double-digit percentages across all home types. However, some segments are seeing year-over-year improvement, and activity, in general, was stronger than the previous week.

Condos have seen the most substantial uptick with 96 units sold, 12 more than last year, marking a 14 per cent year-over-year increase, and 43 per cent increase week-over-week. Semi-detached houses also had a strong showing — while unchanged from last week, sales are up 125 per cent from 2018. Though, this represents just 9 homes sold. Overall, a smaller inventory of this home type can lead to more volatile trends. Townhouses remain 30 per cent below last year’s levels with 7 units sold (up 17 per cent weekly), while detached Toronto houses are down -13 per cent year over year with 40 homes sold (up 48 per cent weekly).

More from Penelope Graham

Your Weekly Toronto Home Sales Snapshot, Powered By Zoocasa (June 20 To 26)

It’s a much stronger week for Toronto real estate. The third week...
Read More