Your Weekly Toronto Real Estate Snapshot, Powered By Zoocasa (Feb. 20 – 26)

toronto home

toronto home

The snow may be flying and so too are home sales. Real estate activity shot up in the third week of February, with short and long-term improvement seen across most home types.

Detached homes for sale in Toronto saw a 42 per cent improvement from last week with 78 houses sold. Month-over-month and year-over-year, detached homes increased by 7 and 20 per cents respectively. It was also a good week for semi-detached homes with 25 changing hands, an increase of 25 per cent week-over-week, 4 per cent month-over-month, and a booming 56 per cent year-over-year.

Results were mixed in the multi-family segment; townhomes saw only 10 units sold, down -44 per cent monthly and -17 per cent yearly, though up 11 per cent from last week. Condos, however, are bouncing back with a whopping 93 per cent uptick from last week with 133 units sold – that’s up 8 per cent from last year, though relatively flat from January activity at -1 per cent.

More from Penelope Graham

Why new rules for mortgage funding will hike your fixed rate

In late 2016, the federal government drastically shook up many home buyers’...
Read More