Are people buying homes right now? Are sellers getting the price they want? What direction is our market headed in? These are the questions I hear a lot lately. People want to know what kind of activity is going on in the market. Perhaps they have plans to buy and want to see what everyone […]
Home Prices Remain Steady
Home prices on average remain steady in spite of an April year-over-year drop in sales of 67% according to the Toronto Regional Real Estate Board. Across the entire geographic area covered by the Toronto Regional Real Estate Board, the average price moved up 0.1%. The COVID-19 pandemic also resulted in a 64.1% drop of new […]
Have We Seen the Bottom Yet?
The Toronto Regional Real Estate Board recently released mid-month sales figures — a practice they have not done for several years. What’s the significance of this? ‘Real time’ market data has become in high demand as buyers and sellers and real estate agents try to make sense of the market amid the COVID-19 pandemic. Sure, […]
Real Estate Sales Are Down — But That’s Okay
Over the past seven days (March 21 to March 27), the number of sales reported on the Toronto Regional Real Estate Board have been down. But that’s okay. Real estate professionals are taking safety measures to prevent the spread of COVID-19. Home sellers who are cautious about buyers looking around their homes are rejecting showing […]
Reduced Interest Rates & Easing of Stress Test Could Lead to Greater Price Growth… But What About the Coronavirus?
With two months into the 2020 real estate market, home sales have set a new record price for February historical sales. The average home price in February 2020 was $910,290 which is an increase of 16.7% over February 2019. February sales leaped 45.6% amounting to 7,256 — a significant increase over 2019. What’s interesting about […]
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