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

Greater Toronto Area March 2020 Market Update

By: Sylvia Smith

Greater Toronto Area March 2020 Market Update

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

The Greater Toronto Area real estate market had total homes sales of 8,012 through the month of March and this reflects a 12.3% increase in comparison to March 2019.       However, despite the overall increase in sales volumes for March 2020 as a whole, there was a clear slowdown in market activity after March 15th.  The COVID-19 did not truly impact the Greater Toron...Read More