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Showing posts from 2020

Royal LePage sees Canadian home prices rising 5.5% in 2021

Canadian real estate brokerage Royal LePage expects home prices to rise 5.5 per cent in 2021, building on unexpectedly strong growth this year, driven by a shortage of properties for sale and record low interest rates. Royal LePage said the aggregate price of a home in Canada is set to rise year-over-year to $746,100 in 2021. The median price of a two-storey detached house and condominium are projected to increase six per cent and 2.25 per cent to $890,100 and $522,700, respectively. The aggregate home price is based on a weighted model that uses median prices and includes all housing types. The forecast is at odds with others, including government-backed mortgage insurer Canadian Mortgage and Housing Corporation, which predicts price decline in 2021, and some of the country's biggest banks, which foresee more muted growth. "The upward pressure on home prices will continue," supported by lack of supply to meet surging demand and policy makers promise to keep interest rate

GTA REALTORS® Release November 2020 Stats

The record pace of home sales in the fall continued with 8,766 sales reported in November by Greater Toronto Area REALTORS® through the Toronto Regional Real Estate Board’s (TRREB) MLS® System. This result was up by 24.3 per cent compared to November of last year. Generally speaking, year-over-year growth in sales was stronger for single-family homes in the GTA regions surrounding the City of Toronto, but annual single-family growth rates remained robust in the ‘416’ area code as well. “Home buyers continued to take advantage of very low borrowing costs in November, especially those looking to buy some form of single-family home. Competition between buyers for ground-oriented homes has been extremely strong in many neighbourhoods throughout the GTA, which has continued to support double-digit annual rates of price growth,” said Lisa Patel, TRREB President. The MLS® HPI Composite Benchmark was up by 10.6 per cent in November 2020 compared to November 2019. The average selling price for

TRREB MLS Average Resale Home Price November 2020


TRREB MLS Sales-to-New Listings Ratio November 2020


TRREB MLS New Listings November 2020


TRREB MLS Sales November 2020


The Five Holiday Hazards to Watch Out For

  CHRISTMAS TREES Whether you've got an artificial or real tree, they can quickly become a fire hazard. If you're opting for a real tree, choose one that does not have brown needles, which indicate dryness and are more prone to catch fire. Make sure your holiday lights don't have any frayed wires. Keep your tree at least three feet away from heat sources like a fireplace, radiator or candles. And make sure your tree is stable with a sturdy stand.  OVERUSED POWER SOCKETS From outdoor lights to radiators to tree lights, a lot of electricity gets used during the holidays. Make sure to spread out your electrical use evenly across all the power sockets by using extension leads.  DECORATIONS Some decorations require you to use ladders in awkward places, which can put you at risk. Make sure you're using your ladder in optimal weather conditions where there's no ice and wind. And make sure you've got the right ladder size for the job.  CANDLES Nothing exudes winter warm

Another Sold | 4 Model Avenue


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GTA REALTORS® Release October 2020 Stats

Home sales in the Greater Toronto Area (GTA) were up again year-over-year for the fourth month in a row. Our Members made 10,563 sales as reported through the Toronto Regional Real Estate Board’s MLS® System in October 2020. This was up by 25.1 per cent compared to 8,445 transactions in October 2019. Sales and new listings reached record levels for the month of October. However, year-over-year growth rates for sales and new listings diverged in some market segments. In the detached market segment, the pace of annual sales growth far outstripped growth in new listings. Conversely, the condominium apartment market segment experienced more than double the new listings compared to October 2019, whereas sales were only up by 2.2 per cent over the same period. “Competition between buyers of single-family homes, and particularly detached houses, remained strong last month and continued to support double-digit annual rates of price growth in many GTA neighbourhoods. In contrast, condo buyers h

How To Clean Your Home and Keep it Virus-Free

Along with social distancing and frequent hand washing, keeping your home clean is another important step in protecting your family and reducing the spread of COVID-19. Since the virus can be found on surfaces and objects, it’s important to clean and disinfect your home thoroughly to reduce your chances of getting sick. Pandemic or not, this is good habit to start practicing. Here’s where to start.   USE EFFECTIVE PRODUCTS It’s important to note the difference between cleaning and disinfecting. Cleaning removes dirt and impurities on surfaces, but it does not kill germs. Disinfecting kills germs on surfaces through the use of chemicals, but it does not necessarily remove dirt and impurities. If you have a dirty surface, clean it first with soap and water, then apply a commercial disinfectant that contains bleach or alcohol. Check Health Canada’s website for the list of approved disinfectants. If you want to make your own, Health Canada recommends using diluted bleach (one part bl

TRREB MLS Sales-to-New Listings Ratio September 2020


TRREB MLS Average Resale Home Price September 2020


TRREB MLS New Listings September 2020


TRREB MLS Sales September 2020


GTA REALTORS® Release September 2020 Stats

Toronto Regional Real Estate Board President Lisa Patel announced that sales reported through TRREB’s MLS® System by Greater Toronto Area REALTORS® amounted to 11,083 – a new record for the month of September. This result was up by 42.3 per cent compared to September 2019. Following a record third quarter, sales through the first nine months of 2020 were up by approximately one per cent compared to the same period in 2019. “Improving economic conditions and extremely low borrowing costs sustained record-level sales in September, as we continued to account for the substantial amount of pent-up demand that resulted from the spring downturn. Further improvements in the economy, including job growth, would support strong home sales moving forward. However, it will be important to monitor the trajectory of COVID-19 cases, the related government policy response, and the impact on jobs and consumer confidence,” said Ms. Patel. Year-over-year sales growth in September continued to be drive

TREB MLS Average Resale Home Price April 2020

TREB MLS Sales-To-New Listings Ratio April 2020

TREB MLS New Listings April 2020

TREB MLS Sales April 2020

TREB MLS Average Resale Home Price - January 2020

TREB MLS Sales-To New Listings Ratio - January 2020

TREB MLS New Listings January 2020

TREB MLS Sales January 2020

GTA REALTORS® Release January 2020 Stats

TRREB President Michael Collins announced that Greater Toronto Area REALTORS® reported 4,581 home sales through TRREB’s MLS® System in January 2020 – up by 15.4 per cent compared to January 2019. On a preliminary seasonally adjusted basis, sales were up by 4.8 per cent compared to December 2019.  “We started 2020 where 2019 left off, with very strong growth in the number of sales up against a continued dip in the number of new and available listings. Tighter market conditions compared to a year ago resulted in much stronger growth in average selling prices. Steady population growth, low unemployment and low borrowing costs continued to underpin substantial competition between buyers in all major market segments,” said Mr. Collins.  The MLS® HPI Composite Benchmark price was up by 8.7 per cent compared to January 2019 – the highest annual rate of growth for the Benchmark since October 2017. The condominium apartment market segment continued to lead the way in terms of MLS HPI® price gro

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TREB MLS Market Watch For December 2019 - Average Resale Home Price

TREB MLS Market Watch For December 2019 - Sales-To-New Listings Ratio

TREB MLS Market Watch for December 2019 - New Listings

TREB MLS Market Watch - Sales December 2019

GTA REALTORS® Release December and Annual 2019 Stats

January 7, 2020   -- Toronto Real Estate Board President Michael Collins reported that December 2019 residential sales reported through TREB's MLS® System by Greater Toronto Area REALTORS® were up by 17.4 per cent year-over-year to 4,399. Total sales for calendar year 2019 amounted to 87,825 – up by 12.6 per cent compared to the decade low 78,015 sales reported in 2018. On an annual basis, 2019 sales were in line with the median annual sales result for the past decade. "We certainly saw a recovery in sales activity in 2019, particularly in the second half of the year. As anticipated, many home buyers who were initially on the sidelines moved back into the market place starting in the spring. Buyer confidence was buoyed by a strong regional economy and declining contract mortgage rates over the course of the year," said Mr. Collins. While sales were up in 2019, the number of new listings entered into TREB's MLS® System was down by 2.4 per cent year-over-year. Fo