In my humble opinion, we are now seeing a more balanced market. Yes, Average Selling Prices continue to rise however, there is more choice for the buyers now. Here are your April Market Results for the GTA and Burlington markets. Oakville and Milton will follow in a few days. BURLINGTON MARKET RESULTS "With the exception of last year, new listings coming to market exceed ...Read More
Tight Market Conditions remain for the GTA and Burlington areas. Both areas experienced a new high for Average Selling Prices. Here are your detailed results for the month of March: G.T.A. MARCH MARKET ANALYSIS GTA Realtors® reportd 10,955 sales through TRREB's MLS® system in March, representing a 30% decline compared to the record result of 15,628 in March of 2021....Read More
Incredible doesn't even begin to describe what happened in February 2022 when compared to 2021. Average Selling Prices were up by double digits. Here are your February results: GTA FEBRUARY MARKET RESULTS February homes sales were down compared to the all-time record in 2021, but represented the second-best result for the month of February in history. ...Read More
GTA & Hamilton-Burlington Realtors® release the January Stats. As is the normal case, demand for homes remained strong in January. However, sales were down in both areas and quite substantially down. The number of homes on the market were also down when compared to January 2021. Here are your results: BURLINGTON MARKET RESULTS "The average selling price for...Read More
I had the pleasure of attending the Toronto Regional Real Estate Board's 2021 Year in Review and the 2022 Forecast. The following bullet points cover all areas, including the 905 areas. In some cases I have extrapolated figures for the areas I cover - Mississauga, Oakville, Burlington, Milton and Toronto. Here we go: 2021 Year in Review Record Home Sales in...Read More
Once again tight market conditions prevailed. In this article, I will also be highlighting government policies that are being talked about as they relate to supply vs demand. Supply vs demand was felt not only in the GTA, but also the GGH (Greater Golden Horseshoe) in 2021. Here are your December Market Results: GTA MARKET RESULTS A recor...Read More
Same story, same recipe. Low Inventory mixed with high demand creates double digit increases in the Average Selling Price for all areas. Will it ever become more stable? The Federal and Provincial governments are looking to address this issue by building more homes, or building homes that are more affordable to more Canadians. "Unless goverments work together t...Read More
Welcome to the October Market Stats for the GTA and Burlington areas. Extreme tight market conditions prevail. Some areas experienced an increase in sales however, all areas saw a drastic decline in the number of homes (listings) introduced to the market. G.T.A. OCTOBER RESULTS Home sales in the GTA reached the second-highest level on record for the month of October. However, ...Read More
Welcome to your September Market Results. The demand is stil overwhelming the supply. First-time buyers are having a difficult time finding a home in today's market. Check out the stories below for your area: G.T.A MARKET UPDATE "Demand has remained incredibly robust throughout September with many qualified buyers who would buy a home tomorrow provided they could f...Read More
Welcome to your August Market Results. Supply vs demand is still the topic. However, this month the supply is 'alarming'! Here are your results for the GTA, Burlington, Oakville and Milton: G.T.A. REAL ESTATE RESULTS "The fact that new listings were at the lowest level for the past DECADE is alarming. It is clear that the supply of homes ...Read More