GTA October 2022 Real Estate Market Update

By: Sylvia Smith

GTA October 2022 Real Estate Market Update

Tags: GTA RENTAL MARKET, TORONTO REAL ESTATE, VAUGHAN REAL ESTATE, Mark crash, MARKET CORRECTION

2022 has definitely been an interesting year from an economic and interest rate perspective.  We experienced crazy demand for real estate in the first two months of the year that resulted in aggressive bidding wars.  But as mortgage rates started to increase the real estate market started to cool off and we have experienced sale price drops since the high of February 2022 due to buyers j...Read More

How the Recent GTA Real Estate Market Changes Have Impacted Rentals

By: Sylvia Smith

How the Recent GTA Real Estate Market Changes Have Impacted Rentals

Tags: TAG: GTA RENTAL MARKET, TORONTO REAL ESTATE, VAUGHAN REAL ESTATE, REAL ESTATE INVESTING, MARKET CRASH

The rental market in the GTA literally collapsed during the pandemic. After many years of a huge demand for rentals, the market dramatically shifted during the pandemic in favour of tenants. Many tenants decided to move during this time as the shift in the market gave tenants an opportunity to rent a better property at much lower rental rates. This happened because many renters left the downtown ...Read More

April 2022 GTA Real Estate Market Update

By: Sylvia Smith

April 2022 GTA Real Estate Market Update

Tags: GTA REAL ESTATE MARKET UPDATE, TORONTO REAL ESTATE, VAUGHAN REAL ESTATE UPDATE, BEST VAUGHAN REALTOR, BEST TORONTO REALTOR

In April the Greater Toronto Area (GTA) continued to see an adjustment due to the higher interest rates of borrowing.  Buyers appear to have slowed down their home search and moved to the sidelines to determine the impact on the market and also to assess the impact on affordability.  We have noted a decrease in the number of showings and are receiving fewer if any offers on offer present...Read More

Are we Starting to See the Housing Market Balance Off?

By: Sylvia Smith

Are we Starting to See the Housing Market Balance Off?

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

  Are we finally seeing the real estate market balancing off?  We kicked off 2022 with historically low listing inventory that resulted in increased pressure on sale prices.  Low listing inventory continued right through mid-February but in the last 2 weeks of February, we finally started to see an increase in new listings coming on the market.  Greater Toronto Area (GTA) Feb...Read More

No Signs of the Real Estate Market Slowing Down in 2022

By: Sylvia Smith

No Signs of the Real Estate Market Slowing Down in 2022

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

  We kicked off the year with a very hot housing market and there appear to be no signs of it slowing down.  In January 2022 demand for housing remained at an all-time high while the supply of new listings was at record low levels.   The record low number of new listings resulted in a drop of 18.2% of the number of properties that sold in January 2022 compared to January 2021...Read More

2021 GTA Real Estate Market Set a Record

By: Sylvia Smith

2021 GTA Real Estate Market Set a Record

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

  Although we saw a dip in the number of residential properties that sold in the month of December 2021 compared to December 2020 – but 2021 overall experienced a record number of sales.  In 2021 residential real estate sales were 121,712 which was 7.7% higher than the previous high of 2016 when we had 113,040.  However, for the entire year 2021, the number of sales and in co...Read More

GTA November 2021 Real Estate Market Update

By: Sylvia Smith

GTA November 2021 Real Estate Market Update

Tags: Greater Toronto Area real estate MARKET uPDATE, Vaughan rEAL eSTATE, bEST Vaughan rEALTOR, bEST tORONTO rEAL eSTATE aGENT

 By Sylvia Smith   We experienced another record month for real estate sales in the month of November!  Sales volumes and average prices reached an all-time high for the month.  Demand for housing continued to be high but new listings were substantially down compared to November 2020 and placing pressure on house and condo prices.    Greater Toronto Area (GTA) Market ...Read More

GTA Housing Market Update – October 2021

By: Sylvia Smith

GTA Housing Market Update – October 2021

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

The Toronto Real Estate Area (GTA) experienced the second-highest home sales level on record for the month of October.  The number of new listings is not keeping up with sales and as a result, putting upward pressure on sale prices.  The number of new listings was down 34.1% in comparison to October 2020.  Hence, we continued to experience aggressive bidding wars for many homes.&nb...Read More

September 2021 - GTA Housing Market Update

By: Sylvia Smith

September 2021 - GTA Housing Market Update

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

  The Greater Toronto Area is not seeing any signs of the real estate market slowing down.  The month of September is the transition month from the slower summer market to the busier fall market. Every year we see a jump in sales, average sale price, and listings after the Labour Day weekend, and this year September was no different.  Sales increased in comparison to August and thi...Read More

GTA Housing Market Update – August 2021

By: Sylvia Smith

GTA Housing Market Update – August 2021

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

The Toronto Real Estate Board reported that August 2021 was the third-best sales record for the month of August.  Sales volumes have definitely slowed down compared to the earlier part of this year which is completely normal (the real estate market has historically always slowed down in July and August with the exception of 2020 due to the pandemic and a non-existent spring market). ...Read More