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

By: The Goldfellas

February 2021 Market Update

Tags: real estate news, market update

Friday, March 12, 2021

Two months in a row we’ve seen over 50% growth in year-over-year home sales. There would be absolutely no surprise if we record the same trend next month. The record home sales continue, as the persistent low interest rates drive buyers to take advantage of the opportunity, for the most part, in the suburbs surrounding Toronto.   Here’s what happened last month in the GTA: &nb...Read More

January 2021 Market Update

By: The Goldfellas

January 2021 Market Update

Tags: real estate news, market update

Friday, February 19, 2021

Real estate keeps rising and rising, my friends! Our first steps into 2021 show no break in our upward trend, as GTA Realtors reported almost 7,000 sales, up more than 50% from January 2020, showing that the pandemic has truly created a more urgent demand for housing. Here’s what happened last month in the GTA:  The Toronto Regional Real Estate Board reported 6,928 home sales in th...Read More

December Market Update

By: The Goldfellas

December Market Update

Tags: real estate news, market update

Thursday, January 7, 2021

2020 was different, we can all agree. If you said that in 2019, we would be dealing with a global pandemic the next year, I think many of us would imagine the year’s events to have transpired differently. It’s strange to think that in the midst of this, we shined light on a massive social movement, which culminated in the most polarized election that many of us can remember. The glob...Read More

November Market Update

By: The Goldfellas

November Market Update

Tags: real estate news, market update

Monday, December 7, 2020

The record pace of home sales in Toronto and the GTA market has continued throughout November, leading to continued record breaking sales numbers in this high octane market. Get the info you need to know before buying or selling in the GTA! The Toronto Regional Real Estate Board reported 8,766 home sales in the GTA; an increase of 24.3% over November 2019. Year-over-year growth rates for sa...Read More

October Market Update

By: The Goldfellas

October Market Update

Tags: real estate news, market update

Tuesday, November 24, 2020

  Home sales in the GTA were up again on a year-over-year basis for the fourth consecutive month. This delayed market burst has been powered by the global pandemic, and the market patterns no one could have predicted. October saw a continued pattern of limited inventory, low borrowing rates and incredibly motivated buyers.   The Toronto Regional Real Estate Board reported 10,563 home...Read More

September Market Update

By: The Goldfellas

September Market Update

Tags: real estate news, market update

Friday, October 16, 2020

This is the definition of a Seller’s Market, folks. Low inventory, matched with increased buyer interest as well as extremely low borrowing costs following the first wave of COVID-19 has resulted in record-level sales in September.  The Toronto Regional Real Estate Board reported 11,083 home sales in the GTA; an increase of 42.3% over September 2019 and a new record for the month of ...Read More

July Market Update

By: The Goldfellas

July Market Update

Tags: REMAX Goldfellas, July 2020, REMAX, Real Estate

Wednesday, August 12, 2020

  Here we are, back in a Seller’s Market. Low inventory met with low interest rates driving interested potential buyers towards competitive offers and higher home value. Let’s take a look at what happened in July:    The Toronto Regional Real Estate Board reported 11,081 home sales in the GTA; an increase of 29.5% over July 2019 and a new record for the month of July...Read More

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