Chris Oliver Real Estate
5110 Dundas St. W M9a1c2 Toronto, ON, Canada

Looking to buy or sell your home in the new year? Contact me for all your real estate needs! : https://chrisoliverhomes.ca : 647-388-2244

DECEMBER MARKET STATS ARE OUT! The Greater Toronto Area housing market followed an unfamiliar path in 2020. Following 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, To...ronto Regional Real Estate Board (TRREB) President. Here’s a little breakdown: - December sales were up 64.5% from the year before. - There were 66.1% more new listings than the previous year. - The average sale price in the GTA was $932,222. Feel free to call if you have any questions! For more information, visit: https://trreb.ca//news_r/news2020/nr_market_watch_1220.pdf

Thanks to a sharp economic rebound in the third quarter and historically low-interest rates, the GTA’s luxury segment set new records amid the pandemic. #torontorealestate #luxuryrealestate

According to Royal LePage, most regions surveyed in Ontario reported an increase in buyers seeking a property where they could work remotely. 73% of the surveyed regions saw a significant increase in buyers seeking to purchase a recreational property as a primary residence.

Now is the time to rest up and get cozy.