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January Market Performance
February 10, 2021
“January 2021 home sales amounted to 6,928 – up by more than 50% compared to January 2020.” . “New listings were also up on a year-over-year basis in January, but not by the same annual rate as sales. This means market conditions tightened compared to January 2020, resulting in the ...
Continue ReadingPredictions of Recovery
February 9, 2021
“Toronto condo market rebound is imminent. Expecting prices to begin steadily increasing within 2-3 months.” – Paul Taylor, President & CEO, Mortgage Professionals Canada – TRREB Market Year in Review and Outlook Virtual Event, February 8, 2021 . Recovery is on the horizon. The real estate market continues to be ...
Continue ReadingHappy Groundhog Day!
February 2, 2021
Do you believe in the prognostication ability of the groundhog with respect to the weather? To tell you the truth, I don’t. But Groundhog Day is on the calendar, and it’s an excuse to appreciate the groundhog. It is rather cute, in my opinion. ...
Continue ReadingSurviving & Thriving in a Multiple Offer Market
January 21, 2021
“Surviving and Thriving in a Multiple Offer Market” – yesterday’s webinar provided by Royal LePage and Chris Dunlop. . To the people trying to buy a low-rise home out there in the GTA these days: “Do you want to be careful, cautious and protect yourself?” – OR – “Do you ...
Continue ReadingOntario State of Emergency Update
January 15, 2021
Ontario State of Emergency Update: . “Renovations started before January 12th will be permitted to continue but those that have not started are not permitted to start. The government has not indicated when the new measures will be lifted.” . “Short-term rentals for recreational purposes are effectively closed as of ...
Continue ReadingMonthly Update Video – January 2021
January 11, 2021
How was this past December different than a typical December? How was 2020 vs 2019? Watch this month’s video to find out. Watch here: Or read the script here: Hi, it’s Miia here with your monthly update. Strong Sales and Average Home Prices December was another month of a record ...
Continue ReadingNumber of Sales by Home Type
January 10, 2021
This is a great example of how the pandemic has changed the real estate market. Typically, December is a slower month of sales, but people didn’t seem to pay much attention to December this year. They were out buying and selling as if there was nothing else to do…. Hm, ...
Continue ReadingQuotes – Market Updates
“Despite an unprecedented year due to COVID-19, including necessary public health restrictions and uncertainty surrounding the economy, Greater Toronto Area REALTORS® reported over 95,000 home sales in 2020 – the third-best result on record. The average selling price reached a new record of almost $930,000.” . From what I observed, ...
Continue ReadingAverage Home Price by Home Type
In the month of December, low-rise homes experienced double-digit increases (17.7%, 16.6% and 14.1% for detached, semi-detached and townhouse homes, respectively) compared to the same month in the previous year. Condo apartments experienced another month of comparatively lower average home prices, but thankfully only by -2.0%. . Questions? Call or ...
Continue ReadingAverage Home Prices Across the Map: Toronto, Pickering, Ajax, Whitby, Oshawa
January 9, 2021
Pickering actually surpassed Toronto in average home price in December. Average home prices in Toronto, Pickering, Ajax and Whitby were all pretty darn close to each other. . While this may seem like it’s a great time to sell in Pickering and move into Toronto, bear in mind that Toronto’s ...
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