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

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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!

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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! ⁣

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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

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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.

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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?

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

Record home sales continued in March making this the 9th consecutive record month!

Property values are up in Toronto proper across all categories not only year over year but also distinctly in the past month from February to March 2021.

Mississauga holds consistent double digit price growth and has recovered from the slight shift in the condo market with regained confidence and activity up over last year.

Oakville is crushing it last years sales activity across all home types with phenomenal 20+% price growth across all home types, and an unbelievable 34% increase in condo values alone.

Burlington continues strong with impressive price growth across all home types and continues to sell in multiple offers.

Lots of People Relocating From Toronto

We’ve seen a huge jump in interest for those moving from Toronto and into Oakville, Burlington, as well as nearby Waterdown!

Looking for specific information on your neighbourhood or would like to find out how we can help to achieve your real estate goals?

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

Record home sales continued in February making this the 8th consecutive record month!

While Toronto proper continues to see double digit price growth in the freehold detached category, the suburban areas surrounding T.O have seen the biggest increase in value as more Buyers are leaving Toronto and moving to nearby communities.

Mississauga, Oakville and Burlington had amazing price growth compared to this time last year – Burlington with the highest increase in our report at an approximately 20% increase in value at just under $1.39 million for the average price of a detached home.

Oakville semi-detached homes jumped almost 23% in value due to the high cost of detached ownership. Semi’s and freehold townhouses are in high demand especially in the newer areas within north Oakville.

Mississauga had consistent high double digit increases across all freehold home categories. The average price of a detached home is up month over month alone by just over $40k to $1.516 million.

The Condo Market

Condo values as an average are down year over year in Toronto, however we have seen an increase in sales activity primarily in the first time buyer price point.

Mississauga condo values are up slightly and we anticipate that the condo market will continue to gain momentum as the year progresses.

The west 905 condo market continues to outperform with a 9.3% increase in Oakville and 11.7% increase in Burlington.

Wondering if it’s the right time to buy or sell?

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

January sales were hot, hot, hot!

Not surprising as it’s the 7th consecutive month where GTA sales have set a record. Transaction volume was up more than 50% across the Toronto Real Estate Board.

The market in Toronto had impressive price growth in ranging between 10-17% in the freehold categories, however we have been seeing a MASSIVE increase in price growth in the surrounding GTA areas with buyers leaving Toronto and moving to nearby communities.

Mississauga, Oakville and Burlington

Mississauga, Oakville and Burlington had tremendous price gains in January compared to this time last year – Oakville topping out at an almost 28% increase in values for detached homes and coming in at just under $1.9 million on the detached average price.

Some are calling Burlington the ’new Oakville’ as it has seen a huge jump at almost 25% increase in values for detached homes and an average price of $1.379 million.

Mississauga continues to go strong with a 20% increase in values for detached homes and an average price of $1.485 million.

On the condo market side

Although as an average the prices are down year/year in Toronto and slightly in Mississauga, we have seen an uptick in sales volume as the condo market is starting to gain steam. In Mississauga we have been in multiple offers and a lot of activity in the sub $600k price point favourable for first time buyers.

Condos in Oakville and Burlington continue to perform well and have seen favourable price increases due to lack of supply and increased demand for more affordable real estate options.

Thinking of buying or selling?

Let’s chat about your goals and how we can help you achieve them with our proven strategies, negotiation skills and high level of client care and expertise.

For a complementary, no obligation market evaluation on your property and to learn more about our services get in touch anytime! We would love to help.

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