THE BATTLE BETWEEN SUPPLY VS. DEMAND CONTINUES IN NOVEMBER: WHAT’S HAPPENING IN THE MARKET?
New all-time highs and records were set this past month. Home sales reached a new record for the month of November and the average selling price also reached a new all-time high. New listings were down substantially compared to last year across all market segments – further highlighting the apparent supply issue within the GTA. […]
A DEMANDING OCTOBER: WHAT’S HAPPENING IN THE MARKET?
Home sales in the GTA have reached the second-highest level on record for the month of October. However, the inventory of homes listed for sale did not keep up with the pace of demand. The number of new listings had dropped by approximately 33% compared to October 2020. Market conditions tightened across all major home […]
OUR TRADITIONAL ‘FALL MARKET’ IS BACK IN FULL-SWING: WHAT’S HAPPENING IN THE MARKET?
As summer swiftly ended -as it does every year- September marked the transition from our slower-paced summer market to the notoriously busier fall market in the GTA. Each year, we tend to see an increase in sales, average selling price and listings after Labour Day, and September 2021 did not disappoint. Sales relative to August […]
A ROBUST JUNE: WHAT’S HAPPENING IN THE MARKET?
Home sales in June 2021 were up compared to the sales we saw this time last year, however, numbers remained below the March 2021 peak and were lower than the number of transactions reported for May 2021. The regular seasonal trend remained consistent, the average selling price in June increased by double digits compared to […]
A STEADY MAY: WHAT’S HAPPENING IN THE MARKET?
The Toronto Real Estate Board specified that residential transactions in May 2021 remained steady, however, fell short of the 2016 record and remained below the peak numbers we saw in March. Despite the slight decrease in sales over the last two months, market conditions remained tight enough to drive the average selling price to an […]
TRENDING 2021 PAINT COLOURS THAT DESIGNERS RECOMMEND
The COVID-19 pandemic has certainly encouraged people to pay increased attention to their homes- whether it prompts a move or just a facelift! A fresh coat of paint is something that can revive, update and modernize any space and actually make it more pleasant to spend time in; but we know that choosing a fresh […]
APRIL’S RECORD-BREAKING REBOUND: WHAT’S HAPPENING IN THE MARKET?
Home sales in the GTA have set a new record for April and amounted to more than quadruple that from April 2020. Last April, we experienced the first full month in our city of the COVID-19 pandemic, while challenging the regular seasonal trend, April 2021 sales actually declined compared to the sales we saw last […]
GETTING YOUR BACKYARD READY FOR SUMMER
As Canadians who experience cold, snowy winters, we always find ourselves looking forward to the warmer months out of the year. If you’re looking forward to a summer spent enjoying your backyard, take a look through our summer yard prep to-do list to help ensure a vibrant, healthy yard all season long: Inspect trees and […]
ONE YEAR SINCE THE INITIAL IMPACT OF COVID-19 IN OUR CITY: WHAT’S HAPPENING IN THE MARKET?
As we reflect back on March 2021, we recognize that we’ve now witnessed record-breaking home sales consistently for the first 3 months of 2021 in the GTA. The driving forces of these staggering numbers are Buyers taking advantage of the favourable borrowing costs and continued improvement in many sectors of the economy. There were 15,652 […]
HOLIDAY TOY DRIVE: CP24 CHUM CHRISTMAS WISH
At the end of a year filled with challenges and uncertainty, our hope is to bring the magic of the holidays to those in need this festive season through the spirit of giving. Established in 1966, the CP24 CHUM Christmas Wish was originally known as the Kid’s Crusade Foundation which fixated on supporting children in […]