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Wednesday, September 15, 2021   /   by Maria Ho

August 2021 Market Stats Update

REAL ESTATE MARKET STATISTICS

TRREB is reporting the third-best sales result on record for the month of August. While the market has taken its regular summer breather, it is clear that the demand for ownership housing remains strong. At the same time, the supply of listings is down. The result has been tighter market conditions and sustained competition between buyers, resulting in double-digit annual increases in selling prices.
Greater Toronto Area REALTORS® reported 8,596 sales through TRREB’s MLS® System in August 2021 – down by 19.9 per cent compared to the August 2020 record of 10,738. The condominium apartment market segment bucked the overall sales trend, with year-over-year growth in sales, continuing a marked resurgence in 2021. The number of new listings entered into the System was down year-over-year by 43 per cent.
“The fact that new listings were at the lowest level for the past decade is alarming. It is clear that the supply of homes is n ...

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Thursday, August 12, 2021   /   by Maria Ho

July 2021 Market Stats Update

REAL ESTATE MARKET STATISTICS

With almost 9,400 sales reported in July 2021, demand for ownership housing remained well-above   average for the time of year despite being below the record July result set a year earlier. Market conditions actually tightened relative to July 2020, with sales accounting for a greater share of new    listings compared to last year. The sellers’ market conditions sustained a double-digit annual rate of price growth.
“Demand for ownership housing has remained strong despite a pandemic-related lull in population growth. Of specific note is the condominium apartment market, which has seen a marked turn-around in 2021 with sales up compared to last year. First-time buyers, many of whom were slower to benefit from the initial recovery phase, remain very active in the market place,” said TRREB President Kevin Crigger.
Greater Toronto Area REALTORS® reported 9,390 sales through TRREB’s MLS® System in July ...

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Wednesday, July 7, 2021   /   by Maria Ho

June 2021 Market Stats Update

REAL ESTATE MARKET STATISTICS

June home sales were up compared to last year, but remained below the March 2021 peak and were lower than the number of transactions reported for May 2021, consistent with the regular seasonal trend. The average selling price in June increased by double digits compared to last year as well, but the annual rate of increase moderated compared to the previous three months.
Greater Toronto Area REALTORS® reported 11,106 sales through TRREB’s MLS® System in June 2021 – up by 28.5 per cent compared to June 2020. Looking at the GTA as a whole, year-over-year sales growth was strongest in the condominium apartment segment, both in the City of Toronto and some of the surrounding suburbs. On a month-over-month basis, both actual and seasonally adjusted sales continued to trend lower in June.
“We have seen market activity transition from a record pace to a robust pace over the last three months. While this could provide some relief fo ...

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Thursday, June 17, 2021   /   by Maria Ho

June 2021 Homeward Bound

Happy Father’s Day!!

Wishing you and your family a very Happy Father’s Day knowing Dads both here and no longer here are special in more ways than we can count. It’s a challenging time for so many of us as the times are restricted to spend in close contact with our loved ones especially elderly parents or ones living in different countries. For my family, this marks the 2 nd Father’s Day that my father has passed away and left behind his 4 loving children and 5 grandchildren. I also know several close friends and clients whose fathers are no longer with them during this past year and they are dearly missed. May you remember and celebrate the fond memories, the strength and wisdom, and the legacy of our father’s role model in our life.

 
As a working Mom myself, and in my personal growth, I’m so excited and motivated to be working with a most incredible team of professionals who are dedicated to serving our clients and touching people& ...

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Friday, June 11, 2021   /   by Maria Ho

May 2021 Market Stats Update

REAL ESTATE MARKET STATISTICS

Residential transactions reported through TRREB’s MLS® System remained high in May 2021, but fell short of the 2016 record and were below this year’s March peak. Despite a slight ebb in sales over the last two months, market conditions remained tight enough to push the average selling price to an all-time record in May.
Greater Toronto Area REALTORS® reported 11,951 sales in May 2021 – more than double the result from May 2020, the second full month of the pandemic. May 2021 sales were below the May 2016 record of 12,789 but remained well above the average May sales of 10,336 for the 2010 through 2019 period. Often, May is the strongest sales month in any given year; however, 2021 results bucked this trend, with May sales below the 15,646 deals reported in March.
“There has been strong demand for ownership housing in all parts of the GTA for both ground-oriented home types and condominium apartments. This was fueled b ...

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  maria homes team, maria ho, 2021 market stats