A new record was set for September. Sales were up significantly compared to this time last year thanks to an improving economy and low mortgage rates. Questions? Call/text me at 416-725-3544. Miia #GTArealestate #Torontorealestate #Pickeringrealestate #Ajaxrealestate #Whitbyrealestate #Oshawarealestate #marketupdate #realestateagent ...
Continue Reading“Year-over-year sales growth in September continued to be driven by ground-oriented market segments, including detached and semi-detached houses and townhouses. Annual growth rates were also higher for sales reported in the GTA regions surrounding the City of Toronto.” – TRREB Market Watch Report, October 6, 2020 Questions? Call/text me at ...
Continue ReadingWe’ve seen a significantly higher supply of listings of condo apartments in the GTA since the pandemic arrived. There has been a flow of people selling their condo apartments and buying low-rise homes. With a greater demand for low-rise homes, year-over-year average home prices increased accordingly. In September, detached homes ...
Continue Reading“Improving economic conditions and extremely low borrowing costs sustained record-level sales in September, as we continued to account for the substantial amount of pent-up demand that resulted from the spring downturn. Further improvements in the economy, including job growth, would support strong home sales moving forward. However, it will be ...
Continue ReadingAverage home prices have been relatively stable over the past couple of months, when aggregating data for all home types. If average home prices follow their “normal” pattern this year, then we can expect a slight increase in prices for October and November, and then a slight dip in prices ...
Continue ReadingAverage home prices have been relatively stable over the past couple of months, when aggregating data for all home types. If this curve takes its “normal” path this year, then we can expect a slight increase in prices for October and November, and then a slight dip in prices in ...
Continue ReadingThe Toronto Regional Real Estate Board released its monthly Market Watch report on October 6, 2020. . The number of home sales in September 2020 were up by 42.3% compared to a year ago. The average home price was up by 14.0%. . For the full report from the Toronto ...
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Continue ReadingIn both the rental and selling condo apartment market, we’ve seen a flood of listings since the pandemic started. What’s happening? Why are there so many downtown Toronto condo apartment listings? In both the rental and selling market, we’ve seen a flood of listings since the pandemic hit. What’s happening? ...
Continue ReadingThis is a hot topic in real estate right now. There are arguments on either side of the issue, and situations can be treated on a case-by-case basis. ...
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