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

Greater Toronto Area April 2020 Market Update

By: Sylvia Smith

Greater Toronto Area April 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

  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 continued to work with clients that absolutely had to move.  In the month of April, we have definitely seen a significant drop in sales volumes and listing volumes. In April we have seen sales volumes drop by 67% in ...Read More

By: Sylvia Smith

YORK OCTOBER HOUSING MARKET UPDATE

Tags: HOUSING MARKET, YORK, PRICE RISE

  The housing market conditions in the York area continue to tighten up throughout 2019. In the month of October demand for housing continues to creep up with a drop in the number of properties for sale in comparison to October 2018.  SALES PRICES RISE In the month of October, we saw a decrease of 19.2% in new sales listings in comparison to October 2018  The tighter market con...Read More

Toronto House Market – December 2019

By: Sylvia Smith

Toronto House Market – December 2019

Tags: TORONTO REAL ESTATE MARKET, MLS LISTINGS, REAL ESTATE, HOUSING

  We saw a recovery in real estate sales activity in 2019, particularly in the second half of the year. Many home buyers who were waiting to see what was going to happen to the housing market after the introduction of the new mortgage stress test 2 years ago decided to not hold off further.  Buyer confidence in the real estate market has bounced back in the last six months of 2019 wh...Read More

Greater Toronto Area January 2020 Market Update

By: Sylvia Smith

Greater Toronto Area January 2020 Market Update

Tags: TORONTO MARKET UPDATE, GREATER TORONTO MARKET UPDATE, BUYING A HOME,  TORONTO REAL ESTATE, VAUGHAN REAL ESTATE

  The hot Greater Toronto Area real estate market is continuing to heat up.  We started 2020 where we left of in 2019, with demand for housing outstripping the number of new and available home listings.  Increased demand has resulted in increases in the average sale price in comparison to a year ago. The volume of sales is up by 15.4% in January 2020 compared to January 2019. ...Read More

Greater Toronto Area February 2020 Market Update

By: Sylvia Smith

Greater Toronto Area February 2020 Market Update

Tags: TORONTO MARKET UPDATE, GREATER TORONTO MARKET UPDATE, BUYING A HOME, HOUSING PRICES, HOT HOUSING MARKET, HOUSE HUNTING, HOMES FOR SALE, TORONTO REAL ESTATE, VAUGHAN REAL ESTATE

  We have seen a very hot housing market in the month of February.  Homes listed under $1M are quite often selling in bidding wars and often selling for over asking.  The shortage of listings and a dramatic spike in demand for the home is placing significant pressure on home prices in the Greater Toronto Area.   The recent softening of the mortgage stress test scheduled t...Read More