Eleven Eleven Realty
3200 Dufferin Street, Suite 201. M6A 3B2 Toronto, ON, Canada

Prices for detached homes rose over 20% in every Toronto suburb in January. In some suburban towns, price appreciation measured as high as 58 percent. For the suburban 905 region as a whole, detached home prices soared over 36% annually to an average price of $1,308,393. TRREB will soon release February sales and pricing figures and most market analysts expect it will be more of the same level growth. #toronto #realestate #to #gta #homeprices #pricegains #905 #trreb #pricegrowth #detachedhomes #resale #preconstruction

There are so many reasons there is no place in the world quite like the GTA. Diversity, technology, community and our personal favourite: Innovation. Here is just another example of how cutting edge and adaptive the city and people of Toronto are. Enter "Grocery Neighbor".... The pandemic has changed life as we know it, making even something as basic as a trip to the grocery store seem daunting for those of us who can't stop thinking about the health and safety risks of high-touch public places. Grocery Neighbour is the company behind a new mobile grocery store concept that brings not only the food, but the entire store to customers. The Toronto-based company's CEO Frank Sinopoli told blogTO "I came up with Grocery Neighbour in the wake of the pandemic and that was the inspiration of the whole business...What I didn't know was how many problems we were actually solving as it relates to food insecurity." It won't be long before this company is solving food availability issues all over the world. Toronto what a place to live! #toronto #to #gta #innovation #groceryneighbour #innovativebuisiness #innovativecity #mobilegrocerystore #grocerystore #problemsolving #cuttingedgecity

The housing market in southern Ontario is currently in never before seen frenzy level of Seller's Market. Properties are going in competition garnering 25-45 offers and seller's are regularly getting 200,000$ over ask. Many homeowners are scratching their head wondering "Should I sell now or if hold off, will my home sell for more money?" While there’s no crystal ball to predict the market’s future. Changing lifestyle needs and low interest rates have caused a wave of home bu...yers to flood the market. But with fewer homeowners willing to list their properties due to the pandemic, supply is extremely limited resulting in a giant home price gains. As COVID-19 cases begin to fall, supply is expected to increase. Homeowners, motivated by home value gains and inoculation rates, will feel more confident listing their properties for sale. Timing the real estate market is generally considered a risky proposition but with the end of the pandemic (hopefully) on the horizon, waiting it out may result in lost profits. #housingmarket #sellersmarket #sellnow #homewoners #pricegains #recordcompetition #multipleoffers #covid19 #lowsupply #highdemand #resale

Mortgage rates to start are expected to start rising from record-lows before the end of 2021. Rock-bottom mortgage rates have been a major driver of red-hot home buying activity across Canada since the country emerged from the widespread lockdowns of spring 2020. Those rates are likely to stay near all-time lows for the first half of 2021 but an economist with Capital Economics predicts they will begin climbing later in the year.... If you are a buyer out in the market be sure to lock in a low rate now while you shop. #realestate #buyers #investors #newhome #newconstruction #preconstruction #mortgage #mortgagerates #lowrates #ratehikes #marketprediction

Home construction will continue through the second state of emergency in Ontario. A stay-at-home order and state of emergency has been issued in Ontario to combat rising case numbers of Covid-19. Placing additional limitations on retailers, households and businesses. However, home builders will be able to continue construction on residential developments as their activities have been deemed essential by the province. So, if you have recently purchased a new construction home... or are thinking about doing so rest assured the recent lockdown order will not delay construction. #ontario #covid19 #realestate #construction #newhomes #newconstruction #preconstruction #precon #lockdown #stateofemergency #nodelays #businessasusual

If you're a homeowner in Ontario there's a big chance your home is earning more than you do. With home sales on a tear across Canada this winter, house prices are not only rising faster than family income, they are rising more than total annual income, said Bank of Montreal senior economist Sal Guatieri in a note on Wednesday, titled Your house earns more than you. Really you might be thinking? YES!... In the Hamilton-Burlington real estate market southwest of Toronto, the benchmark house price rose by $154,000 in the past year, to $786,600. That’s double the $75,464 median household income for the area, as reported in the 2016 census. #realestate #homeprices #homeowners #ontario #canada #wealthbuilding #wealthbuilder #medianincome #realestateinvesting #investors #buyers

The onset of the COVID-19 pandemic in the spring of 2020 was the catalyst that pushed many urbanites to set their sights outside of Toronto when it came to house hunting. Working from home, spending more time indoors and a stronger desire for larger living spaces lured home purchasers to the outer suburbs last year, a trend dubbed the urban exodus. These are the top 5 suburban markets that saw the most growth. 1. Pickering... 2. Hamilton 3. Whitby 4. Mississauga 5. Oshawa #realestate #exodus #toronto #to #gta #ontario #migration #movetosuburbs #suburbangrowth #morespace #squarefottage #livingspace #covid #covid19

Canadian home prices continued to surge in January, with the national average sale price rising nearly 23% annually. Price gains are also not expected to slow down anytime soon. CREA said the national sales-to-new-listings ratio an indicator of whether the market is favouring buyers or sellers rose to 90.7%! A record for the metric which was already deep into seller’s market territory. The long-term average for the ratio is 54.3%, according to CREA. If you have a propert...y you have been holding onto there has never been a better time for sellers. #realestate #housingmarket #canada #homesales #homeprices #hotmarket #growingmarket #crea #resale #newconstruction #preconstruction #buyers #sellers

According to new data from RE/MAX, 2020 set a new record for sales of residential properties over $3 million in the city. A total of 1,062 sales of homes over that price point sold in Greater Toronto from January to December, which is a whopping 56% more than the number that sold in 2019. Surrounding regions saw the same phenomenon to an even greater extent Halton experienced an unheard of near 190% increase in sales over $3 million, while Peel likewise saw more than double the number of sales in that price range than 2019. #realestate #toronto #gta #halton #peel #luxuryhomes #homesales #luxuryhomesales #luxurymarket #recordmonth #resale #homesales #strongmarket #buyers #investors #sellers

Condo sales soared across the Toronto region in December, and as one economist wrote, it looked like buyers were out in full force looking for bargains. After the Toronto Regional Real Estate Board (TRREB) released its December sales and pricing data earlier this week, RBC Senior Economist Robert Hogue wrote that condo sales caught his attention. That said, Hogue observed that sales spiked 75% across the Toronto region, with similar strength seen in both city and suburban m...arkets as softer condo prices are now drawing more buyers in. It seems the Toronto housing market is bullet proof. Not even a pandemic can slow it down or get in the way of its wealth building growth potential for buyers and investors alike. #toronto #to #gta #realestate #condomarket #condo #sales #salesgrowth #price #pricegrowth #strongmarket #resale #preconstruction #precon #wealthbuilding #buyers #investors

The exodus trend from big cities was THE top real estate story of 2020. Which Ontario city would you guess gained the biggest population bump as a result of the 'Exodus 2020' trend? Oshawa Ontario!... This Toronto suburb saw its population grow a whopping 2.1% in 2020. Making it the fastest growing city in the country. #realestate #oshawa #2020 #exodusfromthecity #populationgrowth #growingcity #fastestgrowingcityincanada #buyers #sellers #migration #morespace #searchforspace #squarefootage

GTA luxury home sales are surging as homebuyers continue to search for more space during pandemic. With the COVID-19 pandemic forcing us to spend more time indoors, the desire for bigger homes among luxury buyers across the Greater Toronto Area has pushed sales in some expensive price categories to new highs. GTA luxury home sales priced between $3 million and $4 million broke a records in 2020, according to new data published this week by RE/MAX Ontario-Atlantic Canada.... With sales over $3 million in 2020 up over 55 % from 2019, when 682 transactions were recorded. #realestate #realty #covid #covid19 #pandemic #toronto #to #gta #luxuryhomes #squarefootage #space #resale #recordbreakingmonth #demand

Now that 2020 is in the rearview mirror, analysts are looking back on what kind of year it was for Toronto's real estate market and, whether despite the pandemic or because of it, what they're seeing is explosive growth. Both the number of homes sold and average selling prices were up in 2020 compared to 2019, according to TRREB latest report, with multiple consecutive months of record-breaking figures logged for both. Home prices in particular reached a new record high of ...$929,699 on average across the GTA, up by 13.5% year-over-year. Within the City of Toronto specifically, home prices shot up roughly 11.6% to reach a new average value of $986,085. #toronto #cityoftoronto #to #gta #realestate #housingmarket #trreb #homeprices #housingprices #recordyear #recap #growingmarket #explosivegrowth #resale #precon #preconstruction

Bidding wars will be a fixture in 2021’s housing market. Home prices will continue rising rapidly across broad swaths of Canada in 2021 and low housing supply will force more buyers into fierce bidding wars. That’s the message from RBC Senior Economist Robert Hogue is sharing in the bank’s 2021 housing market outlook, published today.... Another reason to consider a new construction home. For information on upcoming developments in your area contact us using the information in bio. #realestate #canada #homeprices #housingmarket #housingsupply #biddingwars #multipleoffers #resale #preconstruction #newconstruction #precon

Amid the worst economic slowdown in decades due to COVID, home sales and prices soared in many Canadian cities in 2020. The average house price in Canada has shot up by 13.8% over the past year, and by 14.6% in the U.S. So what's in store for 2021? Economists are predicting hot housing conditions will continue into 2021, as low mortgage rates and a lack of housing supply continue.... #realestate #covid #covid19 #realestatemarket #housingmarket #lowrates #lowmortgagerates #homesales #homeprices #canada #forecast #preconstruction #resale #1111realty

You'll never guess what realty trend is expected to explode this year. Co-living. Co-living is expected to become increasingly common in 2021. For reasons of affordability but also following months of lockdown, living under one roof with others will appeal more practical and comforting for many families and friends. Much like students cohabitating while attending university but this trend won’t be limited to young people and will evolve gradually one development and friend ...at a time. Increased demand for in-law suites, larger common spaces and big kitchens is expected in the market. Would you cohabitate with others? #realestate #markettrends #newtrend #cohabitation #coliving #canada #buyers #sellers #resale #newconstruction #preconstruction #precon

Amid an ongoing pandemic, the Canadian real estate market saw a variety of surprising trends and record-breaking highs. As stricter COVID-19 measures resulted in a slower spring market and a busier fall market, 2020 will long be taught as a historic year in Canadian real estate. it was also the year Bank of Canada introduced record low mortgage rates in response to economic shifts. Buyer trends also shifted to an exodus out of the city for suburban areas with more square foot...age. What real estate trend surprised you most this year? #realestate #canada #canadianrealty #canadianrealestate #recordyear #realestatemarket #lowinterestrates #pricegains #marketgrowth #trends #boc #yearataglance #2020

What does 2021 have in store for the housing market? With move-up and move-over buyers continuing to drive activity in many regions across Canada and an ongoing housing supply shortage likely to continue putting upward pressure on prices Re/Max Canada expects average residential prices to rise 4-6% this year. Regions like London, Kitchener-Waterloo, Hamilton-Burlington, Niagara, Kingston, Cornwall and Thunder Bay could see average sale price increases of seven to 12% in 2021. #realestate #marketforecast #canada #strongmarket #newyear #lowsupply #pricegrowth #buyers #sellers #investors