Huri Peker Real Estate Professional / REMAX Hallmark Realty Ltd. Brokerage
ONTARIO Toronto, ON, Canada
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Locality: Toronto, Ontario
Phone: +1 416-816-4809
Address: ONTARIO Toronto, ON, Canada
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Where in Canada are house prices increasing the most? Maybe not where you think Contact me to discuss the latest scoop in real estate! https://www.roomvu.com/nws/QhAtFTl0I6XWFCk
Toronto Real Estate Market Now Hotter Than 2016 Housing Boom that Caused Government Intervention Contact me to discuss the latest scoop in real estate! https://www.roomvu.com/nws/XIy0c9QiTXdflGg
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Average Ontario Home Prices Could Rise More Than 16% in 2021
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Wishing Everyone prosperous Happy New Year with health, love, and happiness!! Wishing Everyone prosperous Happy New Year with health, love, and happiness!!
Home prices forecast to rise more than 9% in 2021: Canadian Real Estate Association
Here’s a snapshot summary of the significant real estate milestones for Toronto in November 2020 as we finish the 9th month of the coronavirus pandemic. November sales were 23.6% higher than last year (8,766) a record for November on TRREB The ratio of sales-to-listings increased slightly to 63.5% in November keeping us in busy seller market territory... The November average sale price came in at $955,615 13.3% above one year ago as we head into the typical holiday slowdown period The GTA real estate market overall averaged 19 days-on-market Detached home sales in November 2020 with a purchase price over $2,000,000 were up a big 86% (327 houses) while condo apartment sales over $2M were lower by a significant 29% (10 suites) compared to November 2019 The CONDO share of the market increased slightly to 31.3% during the month Downtown condo active listing numbers were UP by a big 249% in C01 and by 317% in C08 from last year at this time November year-over-year downtown condo sales were up by 8.6% in C01 and basically flat in C08 compared to 2019 The downtown condo days-on-market average was 24 days (C01) and 26 days (C08) The ratio of sales-to-listings for condos downtown continued to show significant declines in C01 (from 68% in 2019 to 21.3%) and in C08 (from 83% in 2019 to 20.3%) putting both condo districts into weak buyer market territory Even when influenced by much higher inventories due to lower tenant demand, lower immigration into Toronto and restrictions on Airbnb rentals, adjusted running average condo prices still beat those seen in November 2019 However, if you looked at specific numbers for just the month of November, the Y-O-Y average was down 8% in C01 ($753,000 vs $693,600 now) and 10% in C08 ($759,500 vs $684,000 now) this may foreshadow bigger actual average prices in the coming months Despite the doom and gloom you see in the media about the combination condo townhouse and high-rise suite market, November saw the 3rd highest month for condo sales partially due to a higher number of condo townhouses selling November saw detached homes in the 905 appreciate by an average 19% while sales were up 34%. 905 condo apartment sales were up 23% while average sale prices rose by 5% We can expect the market to slow over the next 30-45 days as we pass through the holiday season, but, with the advent of a successful COVID vaccine, the market will likely remain strong through the springtime buying/selling season
November Market Report for All Treb, Toronto, York, and Durham!
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October Market Report for All Treb, Toronto, York Region, and Durham
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