Market Updates
By: Anuja Kumarasamy

NOVEMBER 2021 MARKET UPDATE

Tags: MARKET UPDATE, REAL ESTATE, NOVEMBER

Despite a record low inventory of homes available for sale in Toronto, the level of sales reached the second-highest level on record for the month of October. 9,783 homes sold in October, surprising many, not that the demand was so high, but that the demand was met to so great a degree. With the listing inventory remaining so low, prices had nowhere to go but up. Since the start of the year prices...Read More

By: Anuja Kumarasamy

OCTOBER 2021 MARKET UPDATE

Tags: Market Update, Toronto, GTA

September marked the transition from the slower summer market to the busier fall market in the in the Greater Toronto Area. Every year, we generally see an uptick in sales, average selling price and listings after Labour Day, and September 2021 was no different. September’s 9,046 sales were increased relative to August and was also the third most active month on record for the month of Septe...Read More

By: Anuja Kumarasamy

SEPTEMBER 2021 MARKET UPDATE

Tags: SEPTEMBER, MARKET UPDATE, 2021, TORONTO, GTA,

Another strong month of sales as the Toronto Real Estate Board reported the sale of 8,596 homes, at an average price of $1,070,911, up 12.6% over August 2020. The only factor that prevented more sales from taking place was the lack of homes for sale. Only 10,609 homes came on the market in August, 50% less than normal, and of course, without inventory, sales cannot take place. I believe the reaso...Read More

By: Anuja Kumarasamy

AUGUST 2021 MARKET UPDATE

Tags: AUGUST, MARKET UPDATE, 2021, TORONTO, GTA,

Another busy month of sales as the Toronto Real Estate Board reported the sale of 9,390 homes in July, one of the busiest Julys on record. Multiple offers continued to be the norm for well-priced properties as the shortage of homes available for sale has not eased. With only 12,551 new properties coming on the market in July, it remains a Seller’s market as there is less than 11/2 months of ...Read More

By: Anuja Kumarasamy

JULY 2021 MARKET UPDATE

Tags: July, Market Update, 2021, Toronto, GTA,

Another great month of sales as Toronto realtors sold 11,106 homes at an average price of $1,089 536. While a lot of statistics are being bandied about such as,” Average price is up 28% over the same time as last year”, these numbers are really not relevant due to the impact of COVID-19 in 2020.   The numbers that are important are the following:   The average price in the GT...Read More

By: Anuja Kumarasamy

JUNE 2021 MARKET UPDATE

Tags: Market Update, Real Estate, June, Toronto, Canada, GTA

The Toronto real estate market continues to be extremely active as Board members reported the sale of 11,951 listings. While more listings came on the market, 12,252, they were still not enough to change the market from a sellers’ market. The Toronto real estate board has approximately one month supply of listings to sales and that is going to continue moving forward. The tight market condit...Read More

By: Anuja Kumarasamy

MAY 2021 MARKET UPDATE

Tags: May, Market Update, Real Estate, Gta, York, Durham, Simcoe

April’s sales of 13,663 homes set a new record for April and amounted to more than quadruple that from April 2020 – the first full month of the pandemic. Despite 20,825 new homes coming on to the market, that was not enough inventory to meet demand, and the average home price increased to $1,064,261, from March’s average price of $1,015,392.   Prices increased in all sectors...Read More

By: Anuja Kumarasamy

APRIL 2021 MARKET UPDATE

Tags: April, Market Update, Real Estate, Gta,

We certainly live in strange times! Despite the third wave of the pandemic, the demand for homes has never been greater! March saw 15,652 homes sold in the GTA at an average price of $1097,565. The market was active in all sectors with 45.5% of the homes being detached, 28% being condominium apartments and 18% semi-detached or townhomes. As the competition for homes increased due to limited supply...Read More

By: Anuja Kumarasamy

MARCH 2021 MARKET UPDATE

Tags: March, Market Update, Gta, Real Estate,

2021 record home sale numbers continued in February, as buyers purchased almost 11,000 homes, 52% more than February 2020. Prices increase almost 15% over the same time period, and the average price in the GTA is now $1,015,392 up 9.2% over just 2 months ago! Condominiums in the 416 continued to be a hot commodity as 2,167 sold, 63% more than a year ago. As I pointed out in last month’s lett...Read More

By: Anuja Kumarasamy

FEBRUARY 2021 MARKET UPDATE

Tags: February, market update, estate board, covid, real estate

Well, I continue to be amazed at the record breaking sales  we are experiencing. Despite an extended Covid lockdown and the news that the anticipated vaccine distribution is not going as smoothly as it should, public confidence in real estate values and the desire for home ownership is at outstandingly high levels.   January’s sales of 6,928 homes was up 52.4% over last January and...Read More