GTA Real Estate Market Update – June 2021

By: Sylvia Smith

GTA Real Estate Market Update – June 2021

Tags: GTA REAL ESTATE UPDATE, TORONTO REAL ESTATE, VAUGHAN REAL ESTATE, VAUGHAN REALTOR, TORONTO REALTOR, HOUSE PRICES, PEEL REAL ESTATE, DURHAM REAL ESTATE, YORK REAL ESTATE

  After the frenzied activity of the first 3 months of 2021 in the Greater Toronto Area  (GTA) housing market, the number of sales has decreased for the third month.  June sales were up by 28.5% compared to June 2020 but lower than May 2021 suggesting that the recent demand surge may have settled down a bit ...for now.   While year-over-year sales activity is up home sales act...Read More

GTA Real Estate Market Update – May 2021

By: Sylvia Smith

GTA Real Estate Market Update – May 2021

Tags: GTA REAL ESTATE mARKET UPDATE, TORONTO REAL ESTATE, VAUGHAN REAL ESTATE, VAUGHAN REALTOR, TORONTO REALTOR, PEEL REAL ESTATE, DURHAM REAL ESTATE, YORK REAL ESTATE

  After the frenzied activity of the first 3 months of 2021 in the Greater Toronto Area  (GTA) housing market, the number of sales has decreased for the second month.  Despite a decrease in sales in May 2021, we had 11,951 sales which are dramatically up from May 2020 just after the onset of the pandemic.  Though monthly property sales fell below the May 2016 record sales of 1...Read More

GTA April 2021 Real Estate Market Update 

By: Sylvia Smith

GTA April 2021 Real Estate Market Update 

Tags: GTA REAL ESTATE UPDATE, TORONTO REAL ESTATE, VAUGHAN REAL ESTATE, VAUGHAN REALTOR, TORONTO REALTOR, HOUSE PRICES, PEEL REAL ESTATE, DURHAM REAL ESTATE, YORK REAL ESTATE

Once again we experienced record sales volumes in the month of April.  The demand for real estate has continued to outpace new listings supply but we did, however, experience a surge of new listings in March and April of this year but increased supply was still not enough to meet demand as active listings are not sufficient to meet months demand so we continue to be in a seller’s market...Read More

GTA Real Estate Market Update – March 2021

By: Sylvia Smith

GTA Real Estate Market Update – March 2021

Tags: GTA REAL ESTATE UPDATE, TORONTO REAL ESTATE, VAUGHAN REAL ESTATE, VAUGHAN REALTOR, TORONTO REALTOR, HOUSE PRICES, PEEL REAL ESTATE, DURHAM REAL ESTATE, YORK REAL ESTATE

We continued to experience record real estate sales volumes in the month of March 2021.  The demand for real estate has continued to outpace new listings supply.   Although listings are up 57.3% compared to March 2020 the last 2 weeks of March 2020 experienced a dramatic decrease in listing and sales.  However, if we compare the first two weeks of March 2021 sales are stronger...Read More

GTA Real Estate Market Update  February 2021

By: Sylvia Smith

GTA Real Estate Market Update  February 2021

Tags: GTA REAL ESTATE UPDATE, TORONTO REAL ESTATE, VAUGHAN REAL ESTATE, VAUGHAN REALTOR, TORONTO REALTOR, HOUSE PRICES, PEEL REAL ESTATE, DURHAM REAL ESTATE, YORK REAL ESTATE

We continued to experience record real estate sales volumes in the month of February 2021.  The demand for real estate has continued to outpace new listings supply.    Buyers continued to feel confident with their employment situation and are taking advantage of the record low-interest rates.   There appears to currently be overall confidence that the economy will continu...Read More

GTA Real Estate Market Update – January 2021

By: Sylvia Smith

GTA Real Estate Market Update – January 2021

Tags: GTA REAL ESTATE UPDATE, TORONTO REAL ESTATE, VAUGHAN REAL ESTATE, VAUGHAN REALTOR, TORONTO REALTOR, HOUSE PRICES

The real estate market has no signs of slowing down despite the second wave of the pandemic.  In January we saw a strong real estate market once again and the sales volumes outperformed January 2020 by 50% with an average price increase on an average of 15.5% compared to the same month in 2020. What is driving the Demand for Housing? The good news is that the demand for real est...Read More

GTA October Housing Market Update

By: Sylvia Smith

GTA October Housing Market Update

Tags: TORONTO MARKET UPDATE, MLS LISTINGS, TORONTO HOUSING MARKET UPDATE, VAUGHAN HOUSING MARKET, REAL ESTATE, HOMES FOR SALE, OCTOBER HOUSING MARKET UPDATE, SELLERS MARKET, CONDOS, Vaughan realtor, Toronto Realtor

    Home sales have continued to remain strong in the month of October.  We have seen sales dip a little from September but sales continue to be very strong in comparison to 2019.  We had another record month of homes sales in October.   In October 2020 there were 10,563 sales in the Greater Toronto Area compared to 8,445 in October 2019 sales were up 25.1% compar...Read More

GTA September Housing Market Update

By: Sylvia Smith

GTA September Housing Market Update

Tags: TORONTO MARKET UPDATE, MLS LISTINGS,  VAUGHAN HOUSING MARKET, REAL ESTATE, MLS REALTOR

  September was another record month in the Greater Toronto Area’s housing market.  We had 11,083 sales which are up 42.3% in comparison to September 2019.  Following record sales in the third quarter of 2020 and for the first 9 months of 2020 sales are approximately 1% higher compared to the same time period in 2019.        &...Read More

Why Hasn’t The Real Estate Market Crashed?

By: Sylvia Smith

Why Hasn’t The Real Estate Market Crashed?

Tags: TORONTO Housing MARKET, GREATER TORONTO MARKET UPDATE, HOUSING MARKET UPDATE, BUYING A HOME, SELLING A HOUSE, HOUSE HUNTING, HOMES FOR SALE, TORONTO REAL ESTATE, VAUGHAN REAL ESTATE, REALESTATEWITHSYLVIA, REALTOR, REAL ESTATE AGENT

  In a short period of time the COVID-19 pandemic crashed the global economy and for many dramatically altered lives.  When we entered 2020 no one could have ever imagined a virus outbreak that would close down the global economy and disrupt how everyone across the world lives their lives.    However, the Canadian red-hot real estate market appears to have bounced back really ...Read More

Greater Toronto Area May 2020 Market Update

By: Sylvia Smith

Greater Toronto Area May 2020 Market Update

Tags: TORONTO MARKET UPDATE, GREATER TORONTO MARKET UPDATE, BUYING A HOME, SELLING A HOUSE, HOUSE HUNTING, HOMES FOR SALE, TORONTO REAL ESTATE, VAUGHAN REAL ESTATE, REALESTATEWITHSYLVIA, REALTOR, REAL ESTATE AGENT

  The Greater Toronto Area real estate market has clearly been impacted by COVID-19.  However, real estate has been identified as an essential service, and Realtors have continued to work with clients that absolutely have to move.  Realtors are taking the necessary precautions to keep everyone safe by wearing gloves and masks and ensuring that clients viewing homes are healthy.&nbs...Read More