SeanLeeHomes.ca
7240 Woodbine Ave #103 L3R 1A4 Markham, ON, Canada

GTA REALTORS RELEASE FEBRUARY 2022 STATS TORONTO, ONTARIO, March 3, 2022 February home sales were down compared to the all-time record in 2021, but represented the second-best result for the month of February in history. New listings dropped, but by a marginally lesser annual rate than sales, pointing to a modest move to a slightly more balanced market. Competition between ... buyers, however, remained tight enough to support double-digit price growth year-over-year. Greater Toronto Area (GTA) REALTORS reported 9,097 sales through the Toronto Regional Real Estate Board's (TRREB) MLS System in February 2022, representing a 16.8 per cent decrease in the number of sales compared to February 2021. The supply of listings for low-rise home types (detached, semi-detached and townhouses) was also down year-over-year, but not by as much as sales. In the condominium apartment segment, particularly in Toronto, new listings were up in comparison to February 2021. Demand for ownership housing remains strong throughout the GTA, and while we are marginally off the record pace seen last year, any buyer looking in this market is not likely to feel it with competition remaining the norm. Many households sped up their home purchase and entered into a transaction in 2021, which is one reason the number of sales were forecasted to be lower this year and a trending towards higher borrowing cost will have a moderating effect on home sales. Substantial immigration levels and a continued lack of supply, however, will have a countering effect to increasing mortgage costs, said TRREB President Kevin Crigger. The MLS Home Price Index Composite Benchmark was up by 35.9 per cent year-over-year in February. The average selling price for all home types combined was up by 27.7 per cent to $1,334,544. The pace of price growth varied by home type and region, but there was relative parity between low-rise and condominium apartment growth rates. We have seen a slight balancing in the market so far this year, with sales dipping more than new listings. However, because inventory remains exceptionally low, it will take some time for the pace of price growth to slow. Look for a more moderate pace of price growth in the second half of 2022 as higher borrowing costs result in some households putting their home purchase on hold temporarily as they resituate themselves in the market, said TRREB Chief Market Analyst Jason Mercer. See more

NEAR RECORD HOME SALES, LOW INVENTORY SUSTAIN STRONG PRICE GROWTH TRREB Calls for Housing Solutions as Demand Outweighs Supply TORONTO, ONTARIO, November 3, 2021 Home sales in the Greater Toronto Area (GTA) reached the second-highest level on record for the month of October. However, the inventory of homes for sale did not keep up with demand. The number of new listings was down by approximately one-third compared to October 2020. Market conditions tightened across all majo...r home types compared to last year, and the annual rate of average price growth remained in the double digits, including for the resurgent condominium apartment segment. The only sustainable way to address housing affordability in the GTA is to deal with the persistent mismatch between demand and supply. Demand isn’t going away. And that’s why all three levels of government need to focus on supply. The federal government has stated that collaboration with provinces and municipalities is required. This collaboration could be spearheaded, at least in part, with housing-related incentives tied to federal infrastructure investment, said TRREB President Kevin Crigger. GTA REALTORS reported 9,783 sales through TRREB’s MLS System in October 2021 down by 6.9 per cent compared to the October 2020 record of 10,503. A strong double-digit increase in condominium apartment sales mitigated annual declines in low-rise home sales. The number of new listings entered into the system was down by almost a third over the same period, with consistent declines across all major home types. The MLS Home Price Index Composite Benchmark was up by 24.2 per cent year-over-year. The average selling price for all homes combined rose by 19.3 per cent year-over-year to $1,155,345. The low-rise market continued to drive price growth in October, but the annual price growth for condominium apartments was in the double digits as well. The tight market conditions across all market segments and areas of the GTA is testament to the broadening scope of economic recovery in the region and household confidence that this recovery will continue. A key part of future economic development in the GTA will be the ability to provide adequate ownership and rental housing supply so that people can continue to move to the region to live, work and spend money in the local economy, said TRREB Chief Market Analyst Jason Mercer. Provincial and municipal candidates in the 2022 Ontario elections need to put housing at the forefront of their campaign platforms. Both the ownership and rental markets have recovered from the relatively short-term effects of the pandemic, but competition for ownership and rental properties is once again tight. Ontarians need to be clear on what would-be policymakers will do to alleviate supply shortages and related affordability challenges, said TRREB CEO John DiMichele

33Yorkville Lauched. There are other Yorkville addresses that claim to be the tallest, the most luxurious, the most exclusive. But when it comes to making Yorkville home, this is the only residence that matters. The only one with immersive interiors by Michael London and a refined modernist aesthetic by Architects-Alliance. One with true Yorkville character. And the only one to bear the Pemberton signature. Designed with a discerning eye for the city’s most discerning residen...ts and crafted with uncompromising quality. This is The Pemberton. This is Yorkville. And this is the time to make it yours. The Pemberton at 33 Yorkville Developer: @pembertongroup 33 Yorkville Avenue, Toronto 140m to Bay subway station / 350m to Bloor-Yonge subway station 5 mins walk to University of Toronto St. George Campus / 6 mins drive to Ryerson University 2 mins walk to Bloor-Yonge / 5 mins drive to Eaton Centre Starting from $777,000 Deposit: 5% per year Occupancy: 2027 Register today for access and more info: #33yorkville #pembertongroup #homelifelandmark #preconstruction #canadarealestate #downtowntoronto

There are other Yorkville addresses that claim to be the tallest, the most luxurious, the most exclusive. But when it comes to making Yorkville home, this is the only residence that matters. The only one with immersive interiors by Michael London and a refined modernist aesthetic by Architects-Alliance. One with true Yorkville character. And the only one to bear the Pemberton signature. Designed with a discerning eye for the city’s most discerning residents and crafted with u...ncompromising quality. This is The Pemberton. This is Yorkville. And this is the time to make it yours. The Pemberton at 33 Yorkville Developer: @pembertongroup 37 Yorkville Avenue, Toronto 140m to Bay subway station / 350m to Bloor-Yonge subway station 5 mins walk to University of Toronto St. George Campus / 6 mins drive to Ryerson University 2 mins walk to Bloor-Yonge / 5 mins drive to Eaton Centre Register today for access #33yorkville #pembertongroup #homelifelandmark #preconstruction #canadarealestate #downtowntoronto

Park District Towns Living here is a walk in the park. It’s a new way of life, where you can experience every day like you’ve always wanted to. Here, we do things different. Walk to the beat of your own drum. Explore what inspires you. At the Park District, nature is right around the corner, local shops and schools are a short walk down the street, and every home is a stunning Icon Homes design. Park District Towns... Coming Soon in Pickering! Builder: @icon.homes Dersan Street & Brock Road, Pickering, ON From the high $600,000 Register today for access and more info: #parkdistrict #iconhomes #homelifelandmark #pickering #preconstruction #canadarealestate #townhouse

At Cielo Residences, luxury defies expectation. Located in the Annex - Toronto’s celebrated Arts & Cultural hub - this statement of refined architectural modernism, poised above a 19th century neo-gothic landmark, redefines Toronto’s skyline. Live just steps to designer boutiques on Mink Mile, across from the world-class University of Toronto, and next to the city’s finest restaurants. With the Bloor subway at your doorstep, you’re mere minutes from almost everywhere in the G...TA. Discover breathtaking views above tree-lined Victorian streets. Cielo Condos Developer: @collecdev 300 Bloor Street West, Toronto Behind University of Toronto St. George Campus Storeys: 30(legal) / 35(municipal) Suites: 284 / 1B - 3B Suites ranges: 445 - 1733 sq.ft Register today for access and more info: #cielocondos #collecdev #homelifelandmark #preconstruction #canadarealestate