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Average selling price breaks record with new all-time high. Supply continues to be an issue. Condo and townhouse segments remain popular.

Average selling price breaks record with new all-time high. Supply continues to be an issue. Condo and townhouse segments remain popular.

October home sales reached a second highest record with double digit percentage increases in average sale price. Demand continues to outnumber supply.

Significant Decrease in the Number of Listings Leave Lots of Buyers Still on the Hunt for Home Ownership
With a decrease of 34 per cent of new listings compared to the same time last year, purchasing a home may be tricky.

Nearly 10,000 sales in July --- that's a very strong result for a summer month despite being down from July 2020.  It would appear that the market has started to calm and stabilize but prices still remain strong, especially in the 905.

Nearly 10,000 sales in July --- that's a very strong result for a summer month despite being down from July 2020.  It would appear that the market has started to calm and stabilize but prices still remain strong, especially in the 905.

Extremely likely that condo apartment prices will fully rebound and surpass 2020 peak pricing during 2021.
2021 lockdown has not affected buyers the same way the 2020 lockdown did.

Annual rate of increase moderated compared to the previous three months. While this provides some relief for buyers, the doors for immigration are opening up in the near months and this could mean similar landscapes to that of the previous months.

May 2021 sets new record in with average selling price but slower than usual with number of sales. So too new listings have experienced a dip setting new competition amongst buyers.

April 2021 Sets New Record. GTA home sales more than quadrupled compared to April last year being the first full month of the pandemic. However there was a 12.7 per cent decline in sales month-over-month.

No slowing down with record sales for third straight month of 2021 with buyers taken advantage of favourable borrowing conditions. In comparison, we must remember the initial impact of COVID during the same month last year.

Homebuyers in the GTA better prepare to spend more than they ever have before as the Toronto Regional Real Estate Board reports the average selling price to be over $1 million.

Homebuyers in the GTA better prepare to spend more than they ever have before as the Toronto Regional Real Estate Board predicts that the average selling price for homes in the area will top $1 million for the first time later this year

No one knew what the year would bring with COVID-19, however despite these trying times, the real estate economy finished impressively. Highlights from 2020 include record breaking reports.

Surplus in condo apartment inventory has caused pressure on the average sales prices. Prices have been flat to lowering the last several months.

This November's home sales increased by a whopping 24.3% compared to November 2019. Primarily, this growth was in large part due to annual single family homes.

Toronto Regional Real Estate Board reported 10,563 sales in October 2020 - a new record. This is a 25.1 per cent increase from October 2019. For all home types, the average selling price in October 2020 was $968,318 -- up by 13.7 per cent year-over-year.

Toronto Regional Real Estate Board reporte 11,083 sales in September - new record. This is a 42.3 per cent increase from September 2019. For all home types, the average selling price in September was $960,772 -- up by 14 per cent year-over-year.

New condo apartment listings are reaching new highs, which is causing pressure on the average sales prices. Prices have been flat the last several months.

Average prices in August reached $951,404, surpassing the previous average of $792,134 back in August 2019. Detached home prices in Toronto increased by 19.9% to $1.172 million.

One-bedroom condo Apartment prices are currently quite flat week to week. There is just enough demand for condo apartments to match the current supply. This may be the right time to get into Toronto's condo market.

Average prices in June reached $931,000, surpassing the previous record of $920,791 back in April 2017. Detached home prices in Toronto increased by 14.3% to $1.52 million, while semi-detached home prices were up 22% to $1.29 million.

One-bedroom condo Apartment prices are currently quite flat week to week. There is just enough demand for condo apartments to match the current supply. This may be the right time to get into Toronto's condo market.

Semi-detached and townhouses reported annual average price growth above the rate of inflation. Condo apartment and detached homes reported year-over-year price declines on average.

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