𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for February 2022 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington 📈

February sales volume is down substantially over the pre-interest rate hike levels in 2022, however, 𝐚 𝐧𝐨𝐭𝐚𝐛𝐥𝐞 𝐢𝐦𝐩𝐫𝐨𝐯𝐞𝐦𝐞𝐧𝐭 𝐢𝐧 𝐦𝐚𝐫𝐤𝐞𝐭 𝐯𝐚𝐥𝐮𝐞𝐬 𝐦𝐨𝐧𝐭𝐡 𝐨𝐯𝐞𝐫 𝐦𝐨𝐧𝐭𝐡.

Our headline tells the tale of two stories – indeed, a double-digit drop in home values across almost all home types in our report as compared to February 2022. 

However, Buyer confidence had resumed this year, and even more so following the latest Bank of Canada update with no change to its policy rate, contributing to the average detached home prices up significantly month over month (between Jan and Feb 2023) in Toronto, Mississauga and Oakville.

𝙄𝙣𝙫𝙚𝙣𝙩𝙤𝙧𝙮 𝙖𝙘𝙧𝙤𝙨𝙨 𝙩𝙝𝙚 𝙂𝙏𝘼 𝙞𝙨 𝙚𝙭𝙩𝙧𝙚𝙢𝙚𝙡𝙮 𝙡𝙤𝙬, down 47% compared to Feb 2022. The lack of selection is resulting in the return of some homes selling on multiple offers, especially those priced in the sub-$1,000.000 category, and in move-in ready, beautifully presented condition.

Here are our notable take away’s from February 2023’s real estate market activity 📑

⬛️ Despite double digit declines year over year, the short term update suggests we are in for continued price growth should the lack of inventory continue 

⬛️ Toronto average detached home price up approximately $300,000 month over month

⬛️ Mississauga and Oakville average detached home prices up approximately $200k month over month

⬛️ Toronto and Mississauga condos flat to the month prior. Oakville condos the anomaly with an average price of over $1.1m – up $175k month over month

Be sure to view the full details of each area within our update. Swipe  on each image to view.⁣⁣

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝘄𝗵𝗮𝘁’𝘀 𝗵𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗻𝗲𝗶𝗴𝗵𝗯𝗼𝘂𝗿𝗵𝗼𝗼𝗱?  Stay up to date with our detailed market analysis by booking a complimentary Buyer or Seller consultation with us via the form below.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for January 2022 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington 📈

 𝐒𝐭𝐞𝐞𝐩 𝐝𝐞𝐜𝐥𝐢𝐧𝐞 𝐢𝐧 𝐡𝐨𝐦𝐞 𝐯𝐚𝐥𝐮𝐞𝐬 𝐲𝐞𝐚𝐫 𝐨𝐯𝐞𝐫 𝐲𝐞𝐚𝐫, 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐢𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠 𝐜𝐨𝐬𝐭𝐬 𝐨𝐧 𝐚𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐢𝐥𝐢𝐭𝐲.

 Although the sales volume for this January was similar to that of December 2022, average sold prices were significantly less than that of January last year. 

 With the Bank of Canada announcing that the interest rate increases are likely on hold for the foreseeable future, this may help to encourage the Buyers waiting on the sidelines to purchase now in the coming months. 

 Our direct experience is that today’s real estate market activity is not a ‘one size fits all’ synopsis. Various factors impact appeal, saleability and Buyer demand which all contributes to the market value.

Here are our notable take away’s from January 2023’s real estate market activity 📑

⬛️ The most significant drop in home values was in freehold detached with Mississauga, Oakville and Burlington all in the high 20% range. Mississauga with the greatest drop in detached at almost 30%

⬛️ Toronto condo market down 6.5% year over year – the least decrease compared to the other areas in our report 

⬛️ Oakville and Burlington represented the greatest opportunity to buy at a tremendous value compared to January 2022 

Be sure to view the full details of each area within our update. Swipe on each image to view.⁣⁣

⁣⁣⁣𝗧𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗼𝗳 𝗯𝘂𝘆𝗶𝗻𝗴 𝗼𝗿 𝘀𝗲𝗹𝗹𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝘆𝗲𝗮𝗿? Let’s chat about your goals and how we can help with your success in real estate. 

Book a complimentary Buyer or Seller consultation with us by completing the form below.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for December 2022 vs. 2021 home sales in Toronto, Mississauga, Oakville, Burlington

𝐒𝐞𝐚𝐬𝐨𝐧𝐚𝐥𝐥𝐲 𝐚𝐝𝐣𝐮𝐬𝐭𝐞𝐝 𝐦𝐨𝐧𝐭𝐡𝐥𝐲 𝐝𝐚𝐭𝐚 𝐟𝐨𝐫 𝐬𝐚𝐥𝐞𝐬 𝐚𝐧𝐝 𝐩𝐫𝐢𝐜𝐞 𝐝𝐚𝐭𝐚 𝐬𝐡𝐨𝐰 𝐚 𝐦𝐚𝐫𝐤𝐞𝐝 𝐟𝐥𝐚𝐭𝐭𝐞𝐧𝐢𝐧𝐠 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐚𝐥𝐞𝐬 𝐚𝐧𝐝 𝐩𝐫𝐢𝐜𝐞 𝐭𝐫𝐞𝐧𝐝𝐬 𝐬𝐢𝐧𝐜𝐞 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐮𝐦𝐦𝐞𝐫.

The market stats for December in the GTA continued on the trend that values have remained relatively level since the Fall season.

Supply of new listings continue to be an issue as the year ended, down 8.2% over 2021 across TRREB regions.

It is important to note that the average selling price in December 2022 vs. 2021 is up, as we experienced the most distinct growth in property values in Q1 of 2022.

In today’s market it’s critical to present a home in the best possible way in terms of taking care of specific cost effective improvements, home staging, pricing strategy and marketing to ensure success. These are the homes that will sell and in minimal time as compared to the average for each respective home type and category.

Here are our notable take away’s from December 2022’s real estate market activity 📑

◼️ All freehold home categories are down year over year. Toronto with the least decline at 4%

◼️ Mississauga and Oakville detached home values down 17% and 14% to last year, making this a great time for buyers of detached in these areas.

◼️ Toronto condo market flat to last year with a slight 1.5% increase.

◼️ Oakville condos up a whopping 23% over last year. An incredible increase with consistent growth in Oakville condos over the last year.

Buying a condo product in Oakville or Burlington may provide to be a sound investment for 2023. 𝙏𝙖𝙡𝙠 𝙩𝙤 𝙪𝙨 𝙛𝙤𝙧 𝙢𝙤𝙧𝙚 𝙙𝙚𝙩𝙖𝙞𝙡𝙨 𝙖𝙣𝙙 𝙩𝙤 𝙥𝙪𝙩𝙩𝙤𝙜𝙚𝙩𝙝𝙚𝙧 𝙖 𝙥𝙡𝙖𝙣 𝙛𝙤𝙧 𝙮𝙤𝙪𝙧 𝙞𝙣𝙫𝙚𝙨𝙩𝙞𝙣𝙜 𝙣𝙚𝙚𝙙𝙨.

Be sure to view the full details of each area within our update. Swipe  on each image to view.⁣⁣

⁣⁣⁣𝗧𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗼𝗳 𝗯𝘂𝘆𝗶𝗻𝗴 𝗼𝗿 𝘀𝗲𝗹𝗹𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝘆𝗲𝗮𝗿? 𝗟𝗲𝘁’𝘀 𝗵𝗮𝘃𝗲 𝗮 𝗰𝗼𝗻𝘃𝗲𝗿𝘀𝗮𝘁𝗶𝗼𝗻.

Book a complimentary Buyer or Seller consultation with us by completing the form below.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for November 2022 vs. 2021 home sales in Toronto, Mississauga, Oakville, Burlington

📉𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐛𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠 𝐜𝐨𝐬𝐭𝐬 𝐫𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭 𝐚 𝐬𝐡𝐨𝐫𝐭-𝐭𝐞𝐫𝐦 𝐬𝐡𝐨𝐜𝐤 𝐭𝐨 𝐭𝐡𝐞 𝐡𝐨𝐮𝐬𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐢𝐭𝐡 𝐚𝐧𝐧𝐮𝐚𝐥 𝐩𝐫𝐢𝐜𝐞 𝐝𝐞𝐜𝐥𝐢𝐧𝐞𝐬 𝐠𝐫𝐞𝐚𝐭𝐞𝐫 𝐟𝐨𝐫 𝐝𝐞𝐭𝐚𝐜𝐡𝐞𝐝𝐚𝐧𝐝 𝐬𝐞𝐦𝐢-𝐝𝐞𝐭𝐚𝐜𝐡𝐞𝐝 𝐡𝐨𝐦𝐞𝐬.

The market stats for November in the GTA represent an annual decline for the most part, however with signs that the distinct downward price trend experienced in the spring is coming to an end.

It is anticipated that with the lack of new listings hitting the market, and record immigration forecasted in the coming years, we will see a strong increase in demand for GTA real estate which will undoubtedly impact affordability and create a competitive real estate environment again.

𝗡𝗼𝘄 𝗶𝘀 𝘁𝗵𝗲 𝘁𝗶𝗺𝗲 𝘁𝗼 𝗺𝗮𝗸𝗲 𝗮 𝗺𝗼𝘃𝗲 𝘁𝗼 𝗮 𝗵𝗶𝗴𝗵𝗲𝗿 𝗽𝗿𝗶𝗰𝗲 𝗽𝗼𝗶𝗻𝘁 𝗵𝗼𝗺𝗲 𝗼𝗿 𝗶𝗻𝘃𝗲𝘀𝘁 𝗮𝗻𝗱 𝗵𝗼𝗹𝗱.

Here are our notable take away’s from November 2022’s real estate market activity 📑

◼️ All freehold home categories are down year over year.

◼️ Oakville and Burlington detached home values down 17% to last year. HUGE opportunity for those who may have been priced out of buying here last year.

◼️ Toronto condo market activity steady month over month with a slight dip to last year’s values. Mississauga condos down almost 3%, Oakville flat to last year.

◼️ Burlington condos the anomaly for November’s sales, up 12% over last year.

Be sure to view the full details of each area within our update. Click on each image to view.

⁣⁣⁣𝗧𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗼𝗳 𝗯𝘂𝘆𝗶𝗻𝗴 𝗼𝗿 𝘀𝗲𝗹𝗹𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 𝗻𝗲𝘄 𝘆𝗲𝗮𝗿? 𝗟𝗲𝘁’𝘀 𝗴𝗲𝘁 𝘁𝗵𝗲 𝗰𝗼𝗻𝘃𝗲𝗿𝘀𝗮𝘁𝗶𝗼𝗻 𝘀𝘁𝗮𝗿𝘁𝗲𝗱.

Book a complimentary Buyer or Seller consultation with us by completing the form below.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for October 2022 vs. 2021 home sales in Toronto, Mississauga, Oakville, Burlington 📈

𝐇𝐨𝐦𝐞 𝐬𝐚𝐥𝐞𝐬 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐭𝐨 𝐚𝐝𝐣𝐮𝐬𝐭 𝐛𝐨𝐭𝐡 𝐨𝐧 𝐚𝐧 𝐚𝐧𝐧𝐮𝐚𝐥 𝐚𝐧𝐝 𝐦𝐨𝐧𝐭𝐡𝐥𝐲 𝐛𝐚𝐬𝐢𝐬.

We’re a little late in sharing this update as ironically despite the market slow down, our team has been quite active with real estate activity. Our direct experience is more encouraging than what the stats suggest.

There are several factors that impact today’s activity, and it’s not a ‘one size fits all approach’. Remember, the media will always make things sound more dramatic.

To have a true understanding of today’s real estate market it is important to review on a macro level within a specific neighbourhood/community, product type, home features and price point. We can provide you with a concise analysis based on your home’s location and unique attributes.

The values are down almost across the board (excluding condos) for the areas in our report, however the variance will depend on the factors mentioned above.

We continue to require more listings to hit the market for balance and to account for a potential critical shortage to come.

𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝗼𝘂𝗿 𝗻𝗼𝘁𝗮𝗯𝗹𝗲 𝘁𝗮𝗸𝗲 𝗮𝘄𝗮𝘆’𝘀 𝗳𝗿𝗼𝗺 𝗢𝗰𝘁𝗼𝗯𝗲𝗿’𝘀 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝘆 📑

◻️ All freehold home categories are down year over year – however the % decrease varies by location. Burlington was the least impacted with only a 4% decline in detached and flat to last year with townhouses.

◻️  Toronto, Mississauga and Oakville freehold detached down between 8 – 10%. This provides an excellent opportunity to buy a detached home in Oakville at a much better value than last year.

◻️  The condo market is on the upside: healthy appreciation in value in Mississauga and Oakville ranging between 6-7% and a whopping 18% increase in Burlington condos, whereas Toronto is flat to last year.

Be sure to view the full details of each area within our update. Click each image to view.⁣⁣

⁣⁣⁣𝗧𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗼𝗳 𝘀𝗲𝗹𝗹𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 𝗻𝗲𝘄 𝘆𝗲𝗮𝗿? 𝗡𝗼𝘄 𝗶𝘀 𝘁𝗵𝗲 𝘁𝗶𝗺𝗲 𝘁𝗼 𝘀𝘁𝗮𝗿𝘁 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴.

Book a complimentary Buyer or Seller consultation with us by completing the form below.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for September 2022 vs. 2021 home sales in Toronto, Mississauga, Oakville, Burlington 📈

𝐋𝐨𝐰𝐞𝐬𝐭 𝐧𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐧𝐞𝐰 𝐥𝐢𝐬𝐭𝐢𝐧𝐠𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐦𝐨𝐧𝐭𝐡 𝐨𝐟 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝐬𝐢𝐧𝐜𝐞 𝟐𝟎𝟎𝟐.

The temporary dip in housing demand combined with the number of new listings down quite substantially year-over-year (well-below historic norms) may result in some home buyers experiencing tighter market conditions in certain GTA neighbourhoods.

We need more listings to hit the market for balance and to account for a potential critical shortage to come.

Here are our notable take away’s from September’s real estate market activity 📑

◻️ Toronto average detached home price was $1,585,589 ⬇️ 10% over last year, 𝙨𝙞𝙜𝙣𝙞𝙛𝙞𝙘𝙖𝙣𝙩𝙡𝙮 𝙡𝙚𝙨𝙨 𝙩𝙝𝙖𝙣 𝙩𝙝𝙚 𝙖𝙫𝙚𝙧𝙖𝙜𝙚 𝙖𝙘𝙧𝙤𝙨𝙨 𝙩𝙝𝙚 𝙂𝙏𝘼

◻️ Mississauga average detached home price was $1,440,490 ⬇️ 9.7% over September 2021, almost consistent with Toronto. On the flip side, 𝙈𝙞𝙨𝙨𝙞𝙨𝙨𝙖𝙪𝙜𝙖’𝙨𝙘𝙤𝙣𝙙𝙤 𝙢𝙖𝙧𝙠𝙚𝙩 𝙨𝙖𝙬 𝙖 𝙝𝙚𝙖𝙡𝙩𝙝𝙮 8.2% 𝙞𝙣𝙘𝙧𝙚𝙖𝙨𝙚 𝙤𝙫𝙚𝙧 𝙡𝙖𝙨𝙩 𝙮𝙚𝙖𝙧

◻️ Oakville average detached home price was almost flat to last year at $1,964,214 ⬇️ 1% 𝙝𝙤𝙬𝙚𝙫𝙚𝙧 𝙬𝙝𝙖𝙩’𝙨 𝙞𝙣𝙩𝙚𝙧𝙚𝙨𝙩𝙞𝙣𝙜 𝙞𝙨 𝙩𝙝𝙚 𝙢𝙤𝙧𝙚 𝙨𝙞𝙜𝙣𝙞𝙛𝙞𝙘𝙖𝙣𝙩 𝙙𝙚𝙘𝙡𝙞𝙣𝙚 𝙢𝙤𝙣𝙩𝙝𝙤𝙫𝙚𝙧 𝙢𝙤𝙣𝙩𝙝, 𝙙𝙤𝙬𝙣 𝙖𝙡𝙢𝙤𝙨𝙩 $200,000 𝙛𝙧𝙤𝙢 𝘼𝙪𝙜𝙪𝙨𝙩 2022

◻️ Burlington average detached home price was $1,368,454  ⬇️ 1.9% over last year, 𝙗𝙪𝙩 𝙪𝙥 𝙨𝙡𝙞𝙜𝙝𝙩𝙡𝙮 𝙤𝙫𝙚𝙧 𝙩𝙝𝙚 𝙢𝙤𝙣𝙩𝙝 𝙥𝙧𝙞𝙤𝙧.

Be sure to click on each image to view the full details of each area in our update.

𝐈𝐬 𝐛𝐮𝐲𝐢𝐧𝐠 𝐨𝐫 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐦𝐢𝐧𝐝 𝐭𝐡𝐢𝐬 𝐅𝐚𝐥𝐥 𝐬𝐞𝐚𝐬𝐨𝐧?

Let’s chat! Book a complimentary Buyer or Seller consultation with us by completing the form below.

Newsflash! Here are the real estate market stats you need to know for August 2022 vs. 2021 home sales in Toronto, Mississauga, Oakville, Burlington 📈

August sold activity represented a month over month increase compared to July both in volume and average price.

Sales represented a higher share of new listings compared to the previous three months. If this trend continues, it could indicate some support for selling prices in the months ahead.

We’re in a unique market. Some properties are being priced under value again (ie. Toronto condos in a first time buyer price point) with offers held back and selling on multiple offers.

Certain home types are still selling organically on multiple offers based on exclusivity (lack of inventory for sale in specific niche product categories). Opportunity lies in areas that have a lot more selection for buyers, with potential to negotiate on price and terms.

It’s time to buy before the next interest increase.

For those whose purchasing power is impacted by the cost of borrowing (mortgage rates), now is the time to buy while you’re able to benefit from more favourable buying conditions as well as a lower interest rate as they are anticipated to increase again at the end of October.

Here are our notable take away’s from August’s real estate market activity 📑

◻️ Toronto average detached home price was $1,648,298 ⬇️ 1.6% over last year, however up over $125,000 from just one month prior.

◻️ Mississauga average detached home price was $1,521,265 ⬆️ 2.6% over August 2021. Mississauga freehold townhouses lead the way in price growth, up 10.5% over last year.

◻️ Oakville average detached home price was $2,163,399 ⬆️ 10% over August 2021, and up over $100,000 from one month prior.

Check out this incredible increase: Oakville condos up 21% over last year, with an average price at over $1,000,000!

◻️ Burlington average detached home price was $1,326,922 ⬇️ 5% over August 2021. Opportunity here for Buyers as detached homes in Burlington were down approx $100,000 month over month.

Be sure to view the full details of each area within our update, click on each image to view.

Is buying or selling on your mind the Fall season?

Let’s chat! Book a complimentary Buyer or Seller consultation with us by completing the form below.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for July 2022 vs. 2021 home sales in Toronto, Mississauga, Oakville, and Burlington.

𝐌𝐨𝐝𝐞𝐫𝐚𝐭𝐞 𝐩𝐫𝐢𝐜𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐦𝐨𝐫𝐞 𝐛𝐚𝐥𝐚𝐧𝐜𝐞𝐝 𝐦𝐚𝐫𝐤𝐞𝐭 𝐜𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬 𝐦𝐚𝐤𝐞𝐬 𝐭𝐡𝐢𝐬 𝐚𝐧 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐞 𝐭𝐢𝐦𝐞 𝐟𝐨𝐫 𝐁𝐮𝐲𝐞𝐫𝐬.

Overall sales volume across the Toronto Regional Real Estate Board is down year-over-year as well as compared to June 2022 – the short term contributed to a typical summer slow down. 

𝗕𝘂𝘆𝗲𝗿𝘀 𝗮𝗿𝗲 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘁𝗶𝗻𝗴 𝗳𝗿𝗼𝗺 𝗺𝗼𝗿𝗲 𝗰𝗵𝗼𝗶𝗰𝗲 𝗼𝗻 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁, 𝘄𝗶𝘁𝗵 𝗴𝗿𝗲𝗮𝘁𝗲𝗿 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝘁𝗼 𝗻𝗲𝗴𝗼𝘁𝗶𝗮𝘁𝗲 𝗼𝗻 𝗽𝗿𝗶𝗰𝗲 𝗮𝗻𝗱 𝘁𝗲𝗿𝗺𝘀 

Here are our notable take away’s from July’s real estate market activity 📑

◻️ Toronto average detached home price was $1,515,763  ⬇️ 7.2% over July 2021. The highest increase were Toronto condo townhouses at a 7.7% increase over last year.

◻️ Mississauga average detached home price was $1,589,123 ⬆️ 2.4% over July 2021. Mississauga condos leading the way in price growth, up 8.6% over last year.

◻️ Oakville average detached home price was $2,035,091 ⬆️ 6% over July 2021. Opportunity knocked for Buyers of semi-detached homes in Oakville, down 7.3% over last year.

◻️ Burlington average detached home price was $1,428,774 ⬆️ 4.6% over July 2021.

𝙏𝙝𝙚 𝙜𝙧𝙚𝙖𝙩𝙚𝙨𝙩 𝙥𝙧𝙞𝙘𝙚 𝙞𝙣𝙘𝙧𝙚𝙖𝙨𝙚 𝙬𝙖𝙨 𝙞𝙣 𝙩𝙝𝙚 𝙊𝙖𝙠𝙫𝙞𝙡𝙡𝙚 𝙖𝙣𝙙 𝘽𝙪𝙧𝙡𝙞𝙣𝙜𝙩𝙤𝙣 𝙘𝙤𝙣𝙙𝙤 𝙢𝙖𝙧𝙠𝙚𝙩  – both up an incredible amount over last year. 42% increase in value in Oakville, and 28% increase in Burlington.

Be sure to view the full details of each area within our update ➡️ swipe or click on each image to view.⁣⁣⁣⁣⁣

𝐈𝐬 𝐛𝐮𝐲𝐢𝐧𝐠 𝐨𝐫 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐦𝐢𝐧𝐝 𝐚𝐬 𝐰𝐞 𝐠𝐞𝐭 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐟𝐚𝐥𝐥 𝐬𝐞𝐚𝐬𝐨𝐧? We would love to help! Let’s chat about your goals and discuss a plan to ensure your success.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for May 2022 vs. 2021 home sales in Toronto, Mississauga, Oakville, Burlington ⁣⁣

𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐫𝐚𝐭𝐞 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐬 𝐜𝐨𝐮𝐩𝐥𝐞𝐝 𝐰𝐢𝐭𝐡 𝐚 𝐭𝐲𝐩𝐢𝐜𝐚𝐥 𝐬𝐮𝐦𝐦𝐞𝐫 𝐬𝐥𝐨𝐰𝐝𝐨𝐰𝐧 𝐢𝐦𝐩𝐚𝐜𝐭 𝐉𝐮𝐧𝐞 𝐬𝐚𝐥𝐞𝐬 𝐚𝐜𝐭𝐢𝐯𝐢𝐭𝐲.

Despite sales activity softening month-over-month (with certain neighbourhoods and home types being affected more so than others) it’s important to note that 𝙝𝙤𝙢𝙚 𝙫𝙖𝙡𝙪𝙚𝙨 𝙞𝙣 𝙏𝙤𝙧𝙤𝙣𝙩𝙤, 𝙈𝙞𝙨𝙨𝙞𝙨𝙨𝙖𝙪𝙜𝙖, 𝙊𝙖𝙠𝙫𝙞𝙡𝙡𝙚 𝙖𝙣𝙙 𝘽𝙪𝙧𝙡𝙞𝙣𝙜𝙩𝙤𝙣 𝙖𝙧𝙚 𝙪𝙥 𝙖𝙨 𝙘𝙤𝙢𝙥𝙖𝙧𝙚𝙙 𝙩𝙤 𝙩𝙝𝙞𝙨𝙩𝙞𝙢𝙚 𝙡𝙖𝙨𝙩 𝙮𝙚𝙖𝙧.

To compare the month to month stats by home by be sure to go to the post on our feed with the May update.

Here are the detached home values snapshot month over month (May to June 2022):

◻️ Toronto average detached home price down $180,878 from May to June, however up 2.2% over June 2021

◻️ Mississauga average detached home price down $73,036. Up 5.3% year/year

◻️ Oakville average detached home price is flat to last month (only a $1683 difference). Up 2.9% year/year

◻️ Burlington average detached home price up month over month $54,971. Up 10% year/year

𝙒𝙝𝙖𝙩 𝙙𝙤𝙚𝙨 𝙩𝙝𝙞𝙨 𝙩𝙚𝙡𝙡 𝙪𝙨? Based on the average prices there could be opportunity today to buy a detached home in Toronto at a better value. Oakville and Burlington are holding strong, with Burlington up as compared to May – indicating that there is buyer demand!

𝙒𝙝𝙖𝙩 𝙙𝙤𝙚𝙨 𝙩𝙝𝙚 𝙧𝙚𝙨𝙩 𝙤𝙛 𝙩𝙝𝙚 𝙨𝙪𝙢𝙢𝙚𝙧 𝙝𝙖𝙫𝙚 𝙞𝙣 𝙨𝙩𝙤𝙧𝙚? Well, we are also experiencing a typical summer slowdown with many taking time off for holidays whether travelling abroad or enjoying time at the cottage. However, keep in mind those with families and/or ones whose affordability will be impacted for their preferred type home type with the next interest rate increase may be more motivated to buy a home now this season and close on it in time for the school year.

𝐍𝐨𝐰’𝐬 𝐭𝐡𝐞 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫 𝐚𝐧 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲. The rental market is really hot right now with properties receiving multiple offers for lease – yes, the tables have turned and Tenants are in competition for homes now in some cases.

Would you like to start investing in real estate and don’t know where to start or what to buy that makes the most sense for your affordability? Get in touch! Let’s chat about your goals and put together a plan to ensure your success in real estate.

Whether you’re considering buying or selling we are here to help you achieve the best result with exceptional client care. Complete the form below to book a no-obligation consultation.

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for May 2022 vs. 2021 home sales in Toronto, Mississauga, Oakville, Burlington.

𝐌𝐨𝐫𝐞 𝐛𝐚𝐥𝐚𝐧𝐜𝐞𝐝 𝐦𝐚𝐫𝐤𝐞𝐭 𝐜𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬 𝐫𝐞𝐬𝐮𝐥𝐭 𝐢𝐧 𝐠𝐫𝐞𝐚𝐭𝐞𝐫 𝐧𝐞𝐠𝐨𝐭𝐢𝐚𝐭𝐢𝐧𝐠 𝐩𝐨𝐰𝐞𝐫 𝐟𝐨𝐫 𝐁𝐮𝐲𝐞𝐫𝐬.

Sales volume is down, and listing inventory is up as compared to this time last year, almost at par with April’s update depending on the city and property type. 

The Bank of Canada rate hikes including the 50-basis point hike on June 1st have indeed affected overall Buyer sentiment as average detached home prices across Toronto, Mississauga, Oakville, and Burlington have dipped month over month, albeit values are up a reasonable amount as compared to May 2021.

As explained in our April 2022 update, the slow-down in selling activity is contributed to a few factors:

◻️ Higher borrowing costs have some Buyers taking a pause from their home search in anticipation of values softening further 

◻️ Purchase capability (budget) may have changed for some Buyers with the higher interest rates, along with the possible impact on the down payment for their purchase if they have an existing property to sell, as their current home’s value has likely adjusted.

◻️ More inventory on the market = greater selection for Buyers resulting in less competition

We are no longer in a Seller’s market as Buyers are in the driver’s seat regarding negotiating on price and terms. We have noted the market change month over month with home prices down in a short period of time, therefore if selling your home be sure it’s priced sharp otherwise the end result may be less than what could have been if being priced right from the start. The list price strategy should reflect what’s happening at this time, and in your respective neighbourhood with consideration of the most recent sales activity and competing homes for sale.

It’s also critical to ensure your home is positioned to be the clear choice to attract a Buyer’s interest. Now’s the time to take care of those updates you’ve been waiting on to refresh the look and feel of your home. Especially in the kitchen or baths. Consider even a fresh coat of paint or updating appliances. Improvements don’t have to break the bank – go with the ones that will have the most impact. You only get one chance to make a great first impression to set your home apart from the rest.

Be patient with the process as homes are taking longer to sell. In a way, we were spoiled with the market frenzy that once was and should have realistic expectations today. This doesn’t mean that a property won’t attract a Buyer today or sell for a good price given today’s market activity if the right elements are in place from the pricing strategy to home staging and distinct marketing.

𝙄𝙛 𝙮𝙤𝙪’𝙧𝙚 𝙞𝙣 𝙩𝙝𝙚 𝙢𝙖𝙧𝙠𝙚𝙩 𝙩𝙤 𝙗𝙪𝙮, 𝙞𝙩’𝙨 𝙖𝙣 𝙤𝙥𝙥𝙤𝙧𝙩𝙪𝙣𝙚 𝙩𝙞𝙢𝙚! 𝙏𝙖𝙠𝙚 𝙖𝙙𝙫𝙖𝙣𝙩𝙖𝙜𝙚 𝙤𝙛 𝙩𝙝𝙞𝙨. Even with rising interest rates, they are still lower than they were in the Fall of 2018 when home sales fell to a 10-year low – which also contributed to higher rates and stiffer mortgage rules. 

Whether you’re considering buying or selling it’s important to have a knowledgeable Realtor on your side to help navigate our current market conditions. ⁣

Get in touch anytime and let’s chat about your goals. ⁣

𝗪𝗲 𝘄𝗼𝘂𝗹𝗱 𝗹𝗼𝘃𝗲 𝘁𝗼 𝗵𝗲𝗹𝗽 𝗮𝗻𝗱 𝗮𝗿𝗲 𝗳𝗼𝗰𝘂𝘀𝗲𝗱 𝗼𝗻 𝘆𝗼𝘂𝗿 𝘀𝘂𝗰𝗰𝗲𝘀𝘀!⁣⁣

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for December 2021 vs. 2020 home sales in Toronto, Mississauga, Oakville, Burlington ⁣⁣

𝗦𝘁𝗿𝗼𝗻𝗴 𝗲𝗻𝗱 𝘁𝗼 𝗮 𝗿𝗲𝗰𝗼𝗿𝗱 𝗯𝗿𝗲𝗮𝗸𝗶𝗻𝗴 𝘆𝗲𝗮𝗿! 𝗔𝘃𝗲𝗿𝗮𝗴𝗲 𝘀𝗲𝗹𝗹𝗶𝗻𝗴 𝗽𝗿𝗶𝗰𝗲 𝗮𝗰𝗿𝗼𝘀𝘀 𝘁𝗵𝗲 𝗚𝗧𝗔 𝘂𝗽 𝟮𝟰%⁣

 See the full details of the market activity by home type within our update – swipe or click on each image to view.⁣⁣

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for November 2021 vs. 2020 home sales in Toronto, Mississauga, Oakville, Burlington  ⁣⁣
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𝗥𝗲𝗰𝗼𝗿𝗱 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝘀𝗮𝗹𝗲𝘀 𝗮𝗻𝗱 𝗮𝘃𝗲𝗿𝗮𝗴𝗲 𝗽𝗿𝗶𝗰𝗲𝘀 𝗿𝗲𝗮𝗰𝗵𝗲𝗱 𝗮𝗻 𝗮𝗹𝗹-𝘁𝗶𝗺𝗲 𝗵𝗶𝗴𝗵!⁣
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Demand for GTA real estate continues to outpace supply. We are at a critical state in terms of inventory and need more listings to hit the market.

Sellers, take this as an opportune time to list and take advantage of our current market conditions.⁣
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All cities in our report continue to go strong. The average price for a detached home in Toronto is now over $1.8m, Mississauga detached just over $1.6m, Oakville at an incredible $2.179m on the average price of a detached, and Burlington at a relative value in comparison at just under $1.5m ⁣
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We’re seeing healthy condo market activity with increased pressure here as well due to those being priced out of freehold and opting for a condo product, or for investment.⁣
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𝗣𝗥𝗢 𝗧𝗜𝗣: If you’re thinking of buying, the holiday season is an opportune time as you may be up against less competition due to those taking time off to focus on family or to take a vacation. These buyers will resume their search in the new year, therefore take advantage of this window of time. Give us a call -let’s chat about your goals and how we can have a competitive edge for your successful buying journey.⁣
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See the full details of the market activity by home type within our update – swipe or click on each image to view.⁣⁣
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Whether you’re considering buying or selling, let’s chat about your goals and how we can help to achieve them. We have a strong pulse on today’s market, proven strategies, and are Certified Negotiation Experts. 𝙒𝙚 𝙖𝙧𝙚 𝙛𝙤𝙘𝙪𝙨𝙚𝙙 𝙤𝙣 𝙮𝙤𝙪𝙧 𝙨𝙪𝙘𝙘𝙚𝙨𝙨!⁣

Toronto Real Estate Market

Mississauga Real Estate Market

Oakville Real Estate Market

Burlington Real Estate Market

✦ Click Here For More Market Updates ✦

Here are the real estate market stats you need to know for October 2021 vs. 2020 home sales in Toronto, Mississauga, Oakville, Burlington.

Second highest October sales on record!

Demand for housing remains extremely strong with a distinct lack of supply across the GTA. The number of new listings was down by approximately one-third compared to October 2020.

All cities in our report experienced property value increases at a mind-boggling amount over last year. Mississauga, Oakville, and Burlington leading the way across all categories.

Detached homes in Oakville surpassed the $2,000,000 mark and semi-detached homes were up a mind-blowing 47.8% to $1,302,000

All homes types in Toronto have also seen a considerable increase year over year suggesting that the demand for real estate in Toronto proper has resurged following the shift in lifestyle that the pandemic brought with many looking to move to the 905 and other areas surrounding ‘The Six’.

We have been in multiple offers on almost all home types across varying areas in the GTA. It’s true that many homes are not being priced at ‘fair market value’ to attract as many possible buyers as possible, however, even those that are, may be selling on multiple offers given the demand for real estate at this time.

If you’re buying, don’t let our current market conditions negatively affect your decision to purchase. It’s important to have a plan in place that makes sense with your goals and budget, and to have a knowledgeable Realtor on your side to help navigate our current market conditions and be successful in your home buying search.

Whether you’re considering buying or selling, let’s chat about your goals and how we can help to achieve them. We have a strong pulse on today’s market, proven strategies and are Certified Negotiation Experts. We are focused on your success!

Get a Home Evaluation

Get in touch anytime. We would love to help!

Toronto Real Estate Market

Mississauga Real Estate Market

Oakville Real Estate Market

Burlington Real Estate Market

✦ Click Here For More Market Updates ✦

Here are the real estate market stats you need to know for September 2021 vs. 2020 home sales in Toronto, Mississauga, Oakville, and Burlington.

Real estate activity continues strong with the third-best September sales results on record.

All cities in our report continue to trend in the double digits, with the exception of freehold townhouses in Toronto with a modest 2.6% increase in value over last year, and Toronto condos at a 7.9% increase.

The average price of a detached home in Oakville is now just under $2,000,000 after an 11.3% increase year over year.

We saw a phenomenal increase in Oakville semi-detached homes and condo townhouses, both with a greater than 25% increase in value over last year.  Burlington condo townhouses also continue to outperform with a 20.7% increase.

Homes in the sub $1,000,000 price point continue to be hot sellers with high demand and very little supply. It’s become increasingly challenging to buy at this price point with the rate of how quickly the values are rising.

Overall, it’s been a very active fall market with multiple offers going strong on many home categories within the GTA.

Whether you’re considering buying or selling, it’s important that you have a knowledgeable Realtor on your side who has a strong pulse on today’s market, proven strategies, negotiation skills and is focused on your success.  ⁣

⁣Get a Home Evaluation

Let’s chat about your goals and how we can help you achieve them. Get in touch anytime. We would love to help! ⁣

Toronto Real Estate Market

Mississauga Real Estate Market

Oakville Real Estate Market

Burlington Real Estate Market

✦ Click Here For More Market Updates ✦

I have been nominated in the top 7 as Best Real Estate Broker in Mississauga for the Reader’s Choice Awards! Would love your help to land in the top 3 ⁣
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PLEASE VOTE/nominate me by October 2nd. Direct link to vote in profile.⁣
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You can also copy and paste below in your browser. ⁣
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https://www.mississauga.com/…/subcat…/real-estate-broker ⁣
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Thank you in advance for the support! ⁣
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Sincerely appreciative of all our amazing clients past and present that I’ve had the pleasure to serve for real estate buying, selling or investing needs in Toronto, Mississauga, Oakville, Burlington and throughout the GTA. ⁣
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Thank you for your continued support in business. It is an honour to be your trusted Realtor. ⁣
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I truly love what I do! If you’re thinking to buy or sell real estate let’s chat about your goals and how we can achieve them. Get in touch anytime by phone/text at 647-293-3785 or send a confidential DM. ⁣

Here are the real estate market stats you need to know for August 2021 vs. 2020 home sales in Toronto, Mississauga, Oakville, Burlington 📈⁣

Third best August sales results on record! Even with the typical summer slow-down, market activity remained strong.

We’ve seen an uptick in property values in Toronto proper for the year/year price difference in August of detached homes, and it’s also up from July 2021 which is a sure sign that we’ll continue an upward trend into the fall months.

All home types in Toronto are up in value ranging between 4 – 10%

 

Mississauga, Oakville, and Burlington continue to see consistent double digit price growth – Oakville with an impressive 19% increase in detached home values and an incredible 23% increase in condo values. Burlington not too far behind with tremendous growth that we believe will continue upwards as more people move from the 416 into the west 905.

⁣If you’re thinking of selling now is a great time as we are gearing up for a very active fall market. Get in touch with us to find out how much your home is worth today, and what we can do to maximize its profitability in today’s market.

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Whether you’re considering buying or selling, it’s important that you have a knowledgeable Realtor on your side who has a strong pulse on today’s market, proven strategies, negotiation skills and is focused on your success.  ⁣

Let’s chat about your goals and how we can help you achieve them. Get in touch anytime. We would love to help! ⁣

Get A Home Evaluation 

Toronto Real Estate Market

Mississauga Real Estate Market

Oakville Real Estate Market

Burlington Real Estate Market

✦ Click Here For More Market Updates ✦

Here are the real estate market stats you need to know for July 2021 vs. 2020 home sales in Toronto, Mississauga, Oakville, Burlington

We remain in a seller’s market across the GTA, even with the typical summer slow down that we see in the months of July and August.

Sales volume is down year over year, albeit higher than the 10-year average. More importantly, though is that the property values have increased.

We continue to see a variance in the year-over-year increases between the 416 and 905 areas in our report, with Toronto experiencing more modest increases in value over the same time last year.

Mississauga, Oakville, and Burlington continue to be on fire with incredible double-digit price growth – Oakville with a whopping 21% increase in property values over last year for detached homes.

The condo market has softened over the past couple of months in the 905 with not as significant price growth as compared to April and May 2021, however, this also takes into consideration what was happening last spring as condos took a hit in values and rebounded in the late summer.

We are still in a distinct shortage of listing inventory and although we are starting to see more properties being listed at a fair ‘buy it now’ market price instead of underpricing to attract multiple offers, some 905 area properties continue to sell over ask with multiple buyer interest.

Wondering What Your Home Is Worth In Today’s Market?

It’s important that you have a knowledgeable Realtor on your side who has a strong pulse on today’s market, proven strategies, negotiation skills and is focused on your success.

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Toronto Real Estate Market

Mississauga Real Estate Market

Oakville Real Estate Market

Burlington Real Estate Market

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Here are the real estate market stats you need to know for June 2021 vs. 2020 home sales in Toronto, Mississauga, Oakville, Burlington

We’re halfway through the year and what a strong run in real estate activity!

It’s interesting to note the distinct variance in year over year increases between the 416 and 905 in our report.

Summer sales volume has slowed down in the City of Toronto as we compare between May and June. Although the volume is down, the actual average prices in Toronto are pretty much flat between May and June 2021 – therefore values are holding strong.

What is notable is the year/year property values are up at a consistent 10-17% increase depending on home type. Toronto condos with a 6% increase year over year.

Mississauga, Oakville and Burlington

We continue to see phenomenal increases in detached home values across Mississauga, Oakville and Burlington ranging between 21% to just under 28%. Burlington values have become almost parallel to Mississauga’s – a sign of increased Buyer interest and demand.

Condo values are also up a whopping amount in Oakville at just under 27% and in Burlington at over 31% over last year. Incredible!

We are still in a distinct shortage of listing inventory and in some 905 areas multiple offers on properties remains fierce with competition.

Wondering What Your Home Is Worth In Today’s Market?

It’s important that you have a knowledgeable Realtor on your side who has a strong pulse on today’s market, proven strategies, negotiation skills and is focused on your success.

Let’s chat about your goals and how we can help you achieve them. Get in touch anytime. We would love to help!

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Here are the real estate market stats you need to know for May 2021 vs. 2020 home sales in Toronto, Mississauga, Oakville, Burlington

Double digit increases across the board! Mississauga, Oakville and Burlington leading the way in the areas within our report with massive 20%+ increase in detached home values year over year, along with impressive increases in all other home types including condos.

In Toronto, property values are up between 10-17% depending on home type. Toronto condos saw a 6% increase in value for May 2021 vs 2020 however the average price is slightly less than that of April 2021 which was up over 15% from April 2020.

Although sales volume continued strong in May and was more than double that of May 2020, it fell short to the record set in 2016 ending what could have been an 11th consecutive record month of sales volume.

Property Values Are Increasing Month Over Month

Most importantly, property values have held and are continuing to increase based not only on the year over year values, they’re up a touch between April and May 2021.

We are still in a shortage of listing inventory and continued competition with other buyers coupled with the extremely low cost of mortgage financing, resulting in an upward pressure on selling prices.

See the full details of the market activity by home type within our update – swipe or click on each image to view!

Thinking of buying or selling?

It’s important that you have a knowledgeable Realtor on your side who has a strong pulse on today’s market, proven strategies, negotiation skills and is focused on your success. Let’s chat about your goals and how we can help you achieve them. Get in touch anytime. We would love to help!

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Here are the real estate market stats you need to know for April 2021 vs. 2020 home sales in Toronto, Mississauga, Oakville, Burlington ⁣

Home sales set a new record for April and marked the tenth straight consecutive month of record activity in the GTA!

April 2021 real estate activity amounted to more than quadruple that of April 2020 – however keep in mind that last April was the first full month of the pandemic which distinctly impacted the real estate market at that time.

Noting that the market is still going strong overall, we have seen a slow down in sales volume (not a decline in property values) between March and April of this year.

There are fewer new listings on the market, and with the volume of sales activity that has already taken place this year to date, the slow down in month over month sold activity may be contributed to an exhaustion of the pool of potential buyers within the GTA, as quoted by Toronto Regional Real Estate Board President, Lisa Patel.

Multiple Offers On Detached Homes Across Central Toronto & The West 905

On our end we are still experiencing multiple offers on both our listings and with our Buyers – especially for in-demand detached homes in Central Toronto as well all home types across the west 905 areas.

Condos have seen a rebound in activity as anticipated, and consumer confidence in the condo market is also prevalent in pre-construction developments with demand surpassing supply, and hot projects selling out in minimal time.

See the full details of the market activity by home type within our update – click on each image to view!

Thinking of buying or selling?

It’s important that you have a knowledgeable Realtor on your side who has a strong pulse on today’s market, proven strategies, negotiation skills and is focused on your success. Let’s chat about your goals and how we can help you achieve them. Get in touch anytime. We would love to help!

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