Eric Stronach Real Estate
502 King St. East Toronto, Ontario, Canada M5A 1M1 Toronto, ON, Canada

Real estate forecasts for 2021 began coming in as early as last June, a moment in time when no one was quite sure what was in store for the remainder of 2020. ... Of course, what we know now six months after RBC’s first foray into what housing in 2021 would like is that the market shifted into hyperdrive for the final half of the year, setting record after record for both sales and average prices. Hindsight in 2020, or something like that. TORONTO: Average Toronto Home Prices Forecast to Rise Another 6% in 2021 December 2020 With average Toronto home pries having already risen 12% (year-over-year) in the first 10 months of 2020, RE/MAX doesn’t see the train slowing down anytime soon. Economists Expect Toronto Real Estate to See 5% Increase in Spring 2021: Survey December 2020 In which 19 Canadian economists participate, none of which currently view housing affordability positively. 2-Storey Home Prices in the GTA Expected to Jump 7.5% in 2021: Royal LePage December 2020 Royal LePage believes in the price of your home going up next year unless that home has fewer than two storeys are is often referred to as a ‘condo’. Average Toronto Rent to See Modest Rise in 2021, Double-Digit Growth in 2022 December 2020 Rent is expected to see only a modest rise over the next 12 months, keeping average rental rates well below 2019 values. But 2022 is forecast to bring double-digit gains to the rental market. Top Realtors Predict What 2021 Has in Store for the Toronto Real Estate Market December 2020 Real estate agents predict good things for the real estate market. Surprise. Reference: https://cutt.ly/vjw9YII #realestate #realestateagent #realestateinvestor #realestateinvesting #realestateblog #realestatestyle #realestatetips #realestatenews #realestateadvice #realestategoals #realestatesales #realestatephoto #realestateteam #realestatebrokers #realestateagents #realestatebroker #toronto #firsttimehomebuyer #realestateblog See more

At this point, we’re all more than ready to celebrate the end of the year. But in keeping with 2020’s theme, this New Year’s will be slightly different from nor...mal. Instead of parties and galas and get-togethers, we’ll be spending New Year’s Eve at home. But if we’ve learned anything this year, it’s that humans are resilient and will find ways to make the best of a bad situation. So instead of lamenting one more lost celebration, we’re here with eight great ideas to help you have a fun yet socially distant New Year’s Eve. Have an Elegant Meal Take a (Virtual) Trip Around the World Get Glamourous Host an Online Soiree Go All-in on Game Night Take a Midnight Stroll Stream a Concert Host a Theme Night If you want to make it a larger affair, send invites to your friends in advance to give them time to prep their costumes and props. Then join together virtually to have a costume contest and play games. It’ll be a New Year’s Eve to remember! Even though it may not be what you were hoping for, there are plenty of fun things to do at home for New Year’s Eve. Reference: https://cutt.ly/UhKwnyJ #realestate #realestateagent #realestateinvestor #realestateinvesting #realestateblog #realestatestyle #realestatetips #realestatenews #realestateadvice #realestategoals #realestatesales #realestatephoto #realestateteam #realestatebrokers #realestateagents #realestatebroker #toronto #firsttimehomebuyer #realestateblog

Best wishes for the holidays, and for health and happiness throughout the coming year. #realestate #realestateagent #realestateinvestor #realestateinvesting #realestateblog #realestatestyle #realestatetips #realestatenews #realestateadvice #realestategoals #realestatesales #realestatephoto #realestateteam #realestatebrokers #realestateagents #realestatebroker #toronto #firsttimehomebuyer #realestateblog

According to the latest TorontoRentals.com and Bullpen Research & Consulting Toronto, GTA rent report, the average asking monthly rent in the GTA for all proper...ty types was down more than 16% year-over-year in November to $2,056, marking a full-year of declines. But after months of declining average rents, the new report suggests that the falling rent in Toronto might have an end in sight, as Bullpen Research & Consulting forecasts double-digit rent growth for apartments (condo and rental) in 2022, following a modest rise in 2021. According to the report, rents are expected to decline in Toronto until the middle of 2021, and then slowly recover in late 2021 before rising sharply in 2022, finishing that year up 13% to 14% annually. While this increase might sound drastic, this will still average slightly below the 2019 peak rent level of $2,454 per month. What’s more, rents are expected to slowly increase through the end of 2022 in the GTA suburbs and the city of Hamilton. Reference: https://cutt.ly/ChMJNFB #realestate #realestateagent #realestateinvestor #realestateinvesting #realestateblog #realestatestyle #realestatetips #realestatenews #realestateadvice #realestategoals #realestatesales #realestatephoto #realestateteam #realestatebrokers #realestateagents #realestatebroker #toronto #firsttimehomebuyer #realestateblog See more

Toronto’s rental market is a great option for tenants right now, as average rents for a 1-bedroom have dropped 20% in 2020, but those looking to buy a home in C...anada’s largest city (and its surrounding areas) can expect rising prices in the new year, as the median price of a standard two-storey home in the GTA is expected to rise 7.5% next year, reaching an average price point of $1,185,800. So, for many hopeful homebuyers, areas beyond the GTA might be more appealing now than ever. According to a new report from RE/MAX, there are four notable regions across Ontario currently offering friendlier average home prices than what you’ll see in and around Toronto. Although average prices may have surged upwards from what they were a year ago, RE/MAX says these cities continue to offer opportunities for first-time homebuyers. With interest rates at historical lows and consumer trends changing as people work from home, now could be a good time for first-time homebuyers to make that leap into the Ontario real estate market. Below are four of Ontario’s most affordable real estate markets right now, according to RE/MAX. Windsor Sudbury Thunder Bay Kingston With another 10% price increase forecasted for 2021, RE/MAX says first-time homebuyers who are looking at this market are advised to jump in while they still can. With no end to the pandemic in sight, those looking to branch off and buy a home that offers enough space to work, live, and play, looking beyond the confines of the GTA seems like a suitable option. Especially given that Toronto’s average home prices are expected to keep climbing, and just outside Toronto proper, Durham is looking ahead to even higher projected jumps. Reference: https://cutt.ly/3hJ3WHe #realestate #realestateagent #realestateinvestor #realestateinvesting #realestateblog #realestatestyle #realestatetips #realestatenews #realestateadvice #realestategoals #realestatesales #realestatephoto #realestateteam #realestatebrokers #realestateagents #realestatebroker #toronto #firsttimehomebuyer #realestateblog See more