Good Day Everyone.
I have attached the latest market report from TRREB. In a nutshell it shows that the amount of transactions for May declined substantially due to COVID however the selling price has remained strong most likely due to a low amount of inventory on the market. I would expect June to look similar but we are seeing a definite uptick in new properties coming to market.
Toronto Regional Real Estate Board President Michael Collins released the following key housing market statistics for April 2020:
Home Sales and Listings
Toronto Regional Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,012 home sales through TRREB’s MLS® System in March 2020 – up by 12.3 per cent compared to 7,132 sales reported in March 2019. However, despite a strong increase in sales for March 2020 as a whole, there was a clear break in market activity between the pre-COVID-19 and post-COVID-19 periods. For the purposes of this release, the start of the post-COVID-19 period was the week beginning Sunday, March 15.
TORONTO, February 6, 2020 - TRREB President Michael Collins announced that Greater Toronto Area REALTORS® reported 4,581 home sales through TRREB’s MLS® System in January 2020 – up by 15.4 per cent compared to January 2019. On a preliminary seasonally adjusted basis, sales were up by 4.8 per cent compared to December 2019.
When you need a plumber you research and then contact one or multiple if you need a quote. After you have your quote you make a decision and commission the work to be done. Same is true for a lawyer, mechanic, or other trades person. Can you imagine getting three plumbers to come and fix your toilet at the same time? "First one to fix it gets paid....
Here are the latest stats from Century 21.
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September numbers are in!
Positive gains across the board. Low inventory is driving price.
Contact me for a no obligation quote on your home.
Check out the video from Richard Robbins one of Canadas Preeminent Real Estate Experts.
He analizes the Toronto Market for us including the August Stats.
Click the link below for the video.
Good Day Everyone.
Here are the August Stats from Century 21 and the Toronto Real Estate board.
