SALES COMMENTARY

The mood and emotions that best describes buyers and sellers within the Toronto Real Estate market in February is…“Impatience.”

In February, Toronto home sales saw a yearly increase of 17.9% and a monthly surge of 32%. Additionally, new listings rose by 37% compared to last month and by 33.5% compared to the same period last year. After over a year of uncertainty resulting from rate increases, buyers who had remained on the sidelines have now recalibrated and adjusted their expectations for the type of property they can afford to purchase. This is a clear indication that many buyers are beginning their search, as there is only so long we can keep the real estate market on pause.