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! ⁣

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Toronto 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.

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 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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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?

Find out how we can help 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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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?

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 via phone, text, email or DM. We would love to help!

 

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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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