Toronto real estate prices went up 24 per cent in August - NOW Magazine

Toronto-area real estate market continues to slow down for third month -  The Globe and Mail

climate risk scores could reshape Canadian real estate markets Fundamentals Explained

Remember that this quick price development has actually happened mainly without the existence of foreign buyers, as borders and travel has been limited. If more stock comes on stream, typical costs will stabilize. Just time will inform We have actually seen rates somewhat reduce over the previous couple of months; however, this was to be expected as the opening couple of months of 2021 rendered record-breaking, historic highs and were on a trajectory that would have been unsustainably high if it continued.

If you thought Toronto real estate was the best way to get rich, you'd be  wrong — stocks have done better - Financial Post

While restricted to their houses in 2020 and first quarter 2021 (some individuals with more non reusable income than usual), we saw the desire to invest and relocate skyrocket. As stay-at-home order limitations loosened up and lifted and vaccinations increased, we saw a shift in peoples' focus from moving and investing to enjoying any semblance of a normal life they could, while they can (prior to a fourth wave potentially triggers everyone to have to remain at house yet once again).

It is also important to keep in mind that in Ontario less sales activity in the summer season is not atypical. Though  acreage for sale  and the costs have cooled compared to the peak, it still remains a hotter market than a lot of other times in history. The housing market today is a bit deceiving.