Toronto Real Estate Market Update: Septmeber 2020

By: Ankit Gulati

Toronto Real Estate Market Update: Septmeber 2020

Tags: TORONTO REAL ESTATE, MARKET WATCH, MARKET UPDATE, MARKET INFORMATION

Dear Friends, It's hard to believe but we are in September already, the restaurants have opened up sidewalk patios, and are busy, airplanes are flying, daycares are open, and parents and children are prepared for the resumption of school! Yes, we have new protocols, we are all wearing masks, washing our hands more frequently, social distancing, but a new state of normalcy has returned. This i...Read More

Real Estate Market Update: August 2020

By: Ankit Gulati

Real Estate Market Update: August 2020

Tags: REAL ESTATE, MARKET INFORMATION, MARKET UPDATE, MARKET WATCH

Dear Friends, All of the COVID based pent up demand for homes exploded in July as 11,081 homes sold in Toronto, a 29.5 % increase over July 2019 (8,555 sold). The average home price for the year as of July 31 was $903,617, a 10.3% increase since December 31, 2019. The number of homes available for sale (15,018) was down 16% compared to July 2019, and that represents about 1 month of inventory. In...Read More

Toronto Real Estate Market Update: July 2020

By: Ankit Gulati

Toronto Real Estate Market Update: July 2020

Tags: Toronto Real Estate, Market Watch, Market Update, Market information

Dear Friends,   Working throughout June, one could feel that the market was extremely active with multiple offers and activity at a high rate. But we were all quite surprised when the final numbers came in from the Toronto Real Estate Board showing that June’s sales (8,701) were only down 1.4% from June of 2019 (8,826). We knew that there has been a huge pent-up demand for homes and t...Read More

Real Estate Market Update: June 2020

By: Ankit Gulati

Real Estate Market Update: June 2020

Tags: Real Estate, Market Information, Market Update, Market Watch.

Dear Friends,   The Toronto real estate market experienced a very pleasant but unexpected jump in sales last month. Toronto real estate board members reported the sale of 4,606 homes which was only down 53.7% compared to the month before where the number of sales were down 67% from April 2019.   The biggest surprise came in the form of Toronto prices. Despite headline grabbing negativ...Read More