Toronto and West GTA Real Estate Market Update

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!

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