Couture Real Estate Solutions
242 King Street East, Unit 1 L1H1C7 Oshawa, ON, Canada

TRREB's 2020 Market Year in Review For 2020 as a whole, 95,151 sales were reported, an increase of 8.4% year over year, whereas new listings were up only by 2.6%. The disconnect between new listings and sales accelerated the growth of price. The overall average selling price increased by 13.5% to $929,699 in 2020 Outlook for 2021... Home ownership will remain strong in 2021. The key findings show COVID-19 has not dampened future home buying intentions. In addition, the overall average selling price for all home types and areas combined will eclipse the $1,000,000 mark for the first time Condo The condominium apartment segment experienced the slowest pace of average price growth in 2020, at 7.1%. Moreover, the annual pace of price growth actually decelerated as the year progressed and condo buyers became more aggressive with their offers. Rentals The average one-bedroom and two-bedroom rents were down on a year-over-year basis by 16.6% and 14.6% respectively Demand for rental units in the GTA will remain strong in 2021, as economic growth continues to strengthen and population growth, based on immigration and non-permanent migration, starts to accelerate. View full report here http://market-year-in-review.trrebwire.ca/

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In today's market, the majority of homes are selling over the asking price with multiple offers. Having an experienced realtor is pivotal to a successful sale. Avoid paying too much and contact us today at [email protected] or visit us at couturerealestatesolutions.ca #realestate #buyertip #hireabuyeragent

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