Carol Choi, the Realtor
120 West Beaver Creek Rd L4B 1L2 Richmond Hill, ON, Canada

SALES AND NEW RECORD IN 2020 AVERAGE SELLING PRICE TORONTO, ONTARIO, January 6, 2021 Despite an unprecedented year due to COVID-19, including necessary public health restrictions and uncertainty surrounding the economy, Greater Toronto Area REALTORS reported over 95,000 home sales in 2020 the third-best result on record. The average selling price reached a new record of almost $930,000. The Greater Toronto Area housing market followed an unfamiliar path in 2020. Followi...ng the steep COVID-induced drop-off in demand during the spring, home sales roared back to record levels throughout the summer and fall. A strong economic rebound in many sectors of the economy, ultra-low borrowing costs and the enhanced use of technology for virtual open houses and showings fuelled and sustained the housing market recovery, said Lisa Patel, Toronto Regional Real Estate Board (TRREB) President. Highlights from 2020 include: 95,151 sales were reported through TRREB’s MLS System up by 8.4 per cent compared to 2019. This included a record result for the month of December, with 7,180 sales a year-over-year increase of 64.5 per cent. Year-over-year sales growth was strongest in the GTA regions surrounding Toronto, particularly for single-family home types. The average selling price reached a new record of $929,699 up by 13.5 per cent compared to 2019. This included an average price of $932,222 in December a year-over-year increase of 11.2 per cent. The strongest average price growth was experienced for single-family home types in the suburban regions of the GTA. After a pronounced dip in market activity between mid-March and the end of May, market conditions improved dramatically in the second half of the year, with multiple consecutive months of record sales and average selling prices. While the housing market as a whole recovered strongly in 2020, there was a dichotomy between the single-family market segments and the condominium apartment segment. The supply of single-family homes remained constrained resulting in strong competition between buyers and double-digit price increases. In contrast, growth in condo listings far-outstripped growth in sales. Increased choice for condo buyers ultimately led to more bargaining power and a year-over-year dip in average condo selling prices during the last few months of the year, said Jason Mercer, TRREB Chief Market Analyst. The next 12 months will be critical as we chart our path through recovery. In particular, the impact of resumption in immigration and the re-opening of the economy will be key. TRREB will once again be releasing its January results, Market Year in Review and 2021 Outlook report on February 8th. This will include a forecast for home sales and selling prices, the latest Ipsos consumer polling on the GTA housing market and new research related to innovative ways to bring on more housing supply, said John DiMichele, TRREB CEO See more

#realestate #marketwatch #remax #covidrealestate #blessedchoicehome @carol_choi_the_realtor

#blessedchoicehome #RemaxOn #realestate #torontorealestate #HomePrices #trending

#lestweforget #k9heroes #wardogs #pray4peace #BlessedCHOIceHome @carol_choi_the_realtor

I hope you all had a peaceful & wonderful Christmas 2020!! *** sorry for this long reading It was a super busy 2020 December:... #SupportLocalBusiness Instead of purchasing gift cards from big chain stores, I decided to issue my own gift certificates in order to support and promote the local businesses. It is way more work than I thought. Networking and reaching out the small local businesses, trying out their goods & services, designing & printing the actual certificate, last but not least, delivering the certificates at my clients’ doors. Thanks to all your participation Mas and Paws Pet Resort Louis XIV Cake Boutique Blooming Studio Live to Nourish @HeyKeeBaoDim @mashphotography pray that your business can go through this tough time and flourish in 2021. #emptytheshelter Welcoming Ducky home on 6th. Super fearful dog was rescued from a hoarding situation then stuck in shelter for 450 days. It was first time Ducky (Boarder Collie/Dashcand X) living in a home and 1st taste of warmest of Christmas season. Yes, there was a lot to work on Ducky’s rehab but it is so rewarding witnessing Ducky’s day by day progress learning how to be a normal dog again. Thanks to TEAM Dog RescueBrampton Animal Services esp. thanks to @alisyn , who fought so hard for Ducky to have a 2nd chance. Love you all, the fighters for our voiceless fur babies. #HelpHomeless Big thanks to Yvonne Chow ’s invitation to #HelpHealHumanity feeding program with giving out 10000 hot meals and over 500lbs to the most vulnerable group in our city. Alex and I took part of delivering the lunch boxes, warm clothes, boots, Kinder eggs & blessings (bible verses ornaments prepared by @yvonnechow) to the people living in the tents on the streets. It made one of our most meaningful Christmas Eve. Round of applause gives to @SerenaBufalino @HelpHealHumanity, you inspired me how to help with humanity. #projectinseparable @teamdogrescue initial program to help those living on street with their pets. After leaving Toronto’s tent city, Alex and I was on the way drop off the donations to Fred Victor - Helping People Find Place & Purpose which is one of the fews shelter allow the dogs with the owner inside the shelters. Thanks again to @yvonnechow your gift more than triple up our giving. Looking back, I can’t tell you how much I found God has been working behind the scene. HE hold back the freezing rain (which actually turn into pouring heavy rain) right after we finished the work on the street. Right person, gifts and donations always showed up at the perfect timing. I guess how rich we are is not how much we have but how much we are willing to give In everything I did, I showed you that by this kind of hard work we must help the weak, remembering the words the Lord Jesus himself said: ‘It is more blessed to give than to receive.’ Acts 20:35 Wish you all have a blessed, healthy & prosperous 2021 to come! God Bless!

#torontorealestate #buyingandsellingrealestate #marketwatch #remax #carolchoi #blessedchoicehome @carol_choi_the_realtor

#Luxury #Townhomes #Bungaloft in #mountalbert from Upper $600’s #GoldenOpprotunity Won’t Last!!! #RealEstate #YorkRegion #buyerandselling #firsthome #firsttimebuyer #dreamhome #realestateinvestment #carolchoi #remax #BlessedCHOIceHome @carol_choi_the_realtor

#Luxury #Townhomes in #RichmondHill from Upper $700’s #GoldenOpprotunity Won’t Last!!! #RealEstate #YorkRegion #buyerandselling #firsthome #firsttimebuyer #dreamhome #realestateinvestment #carolchoi #remax #BlessedCHOIceHome @carol_choi_the_realtor

Toronto condos saw slower price growth and more inventory, hinting at a condo buyer’s market: https://rem.ax/3kzs0cl If you are always thinking to have your first condo for own or investment, now is the opportunity. When the pandemic is over and the boarder open, this timing may have past.

Small and local business owners attention: I'm preparing a list of complimentary gifts to my clients for the Christmas season. I used to go with big store gift card. However, I want to support the local business during this pandemic time. If you want to partner with me, please PM me. Here are some examples (but we can always be creative): Doggie Daycare/Boarding Doggie Spa/Grooming Restaurant ... Cookie/Dessert Store Home improvement See more

#BreakingNews #yorkregion back to #stage2 Coming Monday#BreakingNews #yorkregion back to #stage2 Coming Monday