By: The Goldfellas

December 2021 Market Update

Tags: REAL ESTATE NEWS, MARKET UPDATE

Wednesday, January 12, 2022

  In December, we ended 2021 with a 31.1% annual price increase in the MLS Home Price Index. This means that the average homeowner has seen more than a 30% increase in the value of their home. A $500k home 12 months ago is now worth over $650k! With a 24% increase in the average selling price, the monthly average is now sitting over $1.15M for the GTA.  In 2021, we saw tight market con...Read More

November 2021 Market Update

By: The Goldfellas

November 2021 Market Update

Tags: REAL ESTATE NEWS, MARKET UPDATE

Monday, December 13, 2021

Last month, home sales reached a new record for the month of November,  at just over 9,000, while new listings were down more than 13% since this time last year. This continues to illustrate a further tightening of housing availability and continued competition between buyers.  The condominium segment also continues to see an acceleration in price growth, particularly in suburban areas,...Read More

October 2021 Market Update

By: The Goldfellas

October 2021 Market Update

Tags: REAL ESTATE NEWS, MARKET UPDATE

Tuesday, November 16, 2021

  This month, October saw the second highest level on record for home sales in the GTA but the inventory of homes could not keep up with the demand. With tight market conditions across all market segments and Canada expecting 1.2 million immigrants in the next 3 years, investors are rushing to secure whatever they can, while those holding property are hesitant to let go. Luckily, the Ford go...Read More

September 2021 Market Update

By: The Goldfellas

September 2021 Market Update

Tags: REAL ESTATE NEWS, MARKET UPDATE

Monday, October 18, 2021

This month, we finally saw the transition from the slower summer to the busy fall market, amplified by the borders opening up at the beginning of the month. Sales increased relative to August and were also at the third-highest mark on record for the month of September. Compared to last year, market conditions have tightened noticeable. This is due to the demand for housing being incredibly high an...Read More

August 2021 Market Update

By: The Goldfellas

August 2021 Market Update

Tags: REAL ESTATE NEWS, MARKET UPDATE

Sunday, September 26, 2021

This month, TRREB reported the 3rd best sales result on record for the month of August. It is clear that the demand for ownership housing remains strong. It is important to note though, that the supply of listings is down. In fact, new listings are at the lowest level they have ever been for the past decade. The supply of homes is not keeping up with the demand and it is estimated that this will o...Read More

July 2021 Market Update

By: The Goldfellas

July 2021 Market Update

Tags: REAL ESTATE NEWS, MARKET UPDATE

Monday, August 16, 2021

When it comes to the overall market, conditions have tightened even further compared to a year ago, with new inventory unable to keep up with the demand. This continued seller’s market continues to the drive the price upwards, with the average detached home in toronto selling for over $1.6 Million dollars last month. However, growth is dwarfed by the suburbs around Toronto, which collectivel...Read More

June 2021 Market Update

By: The Goldfellas

June 2021 Market Update

Tags: REAL ESTATE NEWS, MARKET UPDATE

Monday, July 12, 2021

  Sales were up last month compared to June last year, but this year's March market set the bar pretty high and some pockets are still struggling to keep up with the demand. Sales also grew much faster than new listings in the past 12 months, pointing towards a continued tightening of market conditions pitting buyers against each other and resulting in strong price growth. However, as b...Read More

May 2021 Market Update

By: The Goldfellas

May 2021 Market Update

Tags: REAL ESTATE NEWS, MARKET UPDATE

Monday, June 14, 2021

Despite the recent increase in stress tests pushing buyer affordability lower, as well as the frenzy that took place in the last 12 months, the real estate market is continuing to show resilience, reaching new heights last month. This includes reaching a new record sale average of $1.1 million dollars.    Here’s what happened last month in the GTA: The Toronto Regional Real Es...Read More

April 2021 Market Update

By: The Goldfellas

April 2021 Market Update

Tags: REAL ESTATE NEWS, MARKET UPDATE

Thursday, May 13, 2021

    It's important to note that since last April felt the full impact of the pandemic, undergoing a whopping 65% hit to home sales from March when shutdowns were first declares, we're finding the usual numbers don't quite illustrate the full picture. Since market activity had all but flatlined one year ago, we're seeing the numbers illustrate year-over-year gains of ove...Read More

March 2021 Market Update

By: The Goldfellas

March 2021 Market Update

Tags: realestatenews, marketupdate

Wednesday, April 14, 2021

So far, throughout 2021, we’ve seen record levels of home sales throughout the GTA, continuing through March with over 15,000 home sales. Marking one year after the Pandemic was declared, we’re reporting twice the sales of March 2021, as we’re seeing the impact of the lower interest rates and heightened urgency for home ownership.   Here’s what happened last month ...Read More

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