January 2022: GTA House and Cond Prices Skyrocket to New Heights

By: Randy Miller

January 2022: GTA House and Cond Prices Skyrocket to New Heights

Tags: Toronto, Covid, Durham, House Prices, GTA

The year began with very strong demand for both condos and all types of single-family homes. The result was record-setting average sale prices in Durham Region and throughout the GTA.   For the whole of the GTA, the Toronto Regional Real Estate Board (TRREB) reported that new listings were down 15.5% compared to last January. The shortage of new listings impacted the number of transactions. O...Read More

2021: House Prices Set a Recorded Level as Prices Continue to Rise

By: Randy Miller

2021: House Prices Set a Recorded Level as Prices Continue to Rise

Tags: COVID, GTA, Druham, Whitby, Real Estate, Toronto, Investing, Prices

The year ended with a record number of sales and the highest average sale price ever recorded, according to the Toronto Regional Real Estate Board (TRREB). A record 121,712 residential transactions were completed within the GTA through TRREB, up by 28% when compared to 2020 and 7.7% higher than the previous sales record established in 2016. During 2021, the average sale price set a record of $1,...Read More

By: Randy Miller

More Canadians are turning to Real estate for long term Investing

Tags: COVID, GTA, Druham, Whitby, Real Estate, Toronto, Investing, Prices

The buyers of houses and condos in Canada’s red-hot housing market often may own a home, perhaps several. Sales data indicates that there has been a noticeable increase amongst those buying additional properties as investments. In fact, the credit reporting firm Equifax has released information that shows that the real growth in real estate sales is increasingly fuelled by those who currentl...Read More

GTA Real Estate Sales Remain Steady, Average Sale Prices In Durham Region Increase

By: Randy Miller

GTA Real Estate Sales Remain Steady, Average Sale Prices In Durham Region Increase

Tags: Whitby Real Estate Durham Homes GTA COVID

During the month of June, the Toronto Regional Real Estate Board (TRREB) reported 11,106 residential sales, up 28% compared to last June, but down slightly from the average number of sales reported over the past three months. While the sales volume during June was slightly lower, many Realtors feel that tighter supply of good properties may be hindering sales in some areas and price ranges. Demand...Read More

GTA Real Estate Sales Continue Strength, Average Sale Prices Reach Record Levels

By: Randy Miller

GTA Real Estate Sales Continue Strength, Average Sale Prices Reach Record Levels

Tags: COVID, GTA, Druham, Whitby, Real Estate, Toronto

During the month of May, the Toronto Regional Real Estate Board (TRREB) reported 11,951 residential sales, more than double the number of sales reported last May when the country was in a lockdown due to Covid-19. While the sales volume during May was slightly lower that April’s level, many Realtors feel that  tighter supply of good properties may be hindering sales in some areas and pr...Read More

GTA Real Estate Remains Strong as Prices and Sales Continue to Impress

By: Randy Miller

GTA Real Estate Remains Strong as Prices and Sales Continue to Impress

Tags: Whitby Real Estate Durham Homes GTA COVID

April sales volume declined from the record heights recorded during March. While April sales volume was high on an historical basis, perhaps March set a peak and going forward, the market remains busy, but not as chaotic.  During April, the Toronto Regional Real Estate Board (TRREB) reported 13,663 residential sales, almost four times the number of transactions reported during April 2020. For...Read More

Durham House Prices and Sales Reach New Heights

By: Randy Miller

Durham House Prices and Sales Reach New Heights

Tags: Whitby Real Estate Durham Homes GTA COVID

The Toronto Regional Real Estate Board (TRREB) recorded 10,970 residential sales during February, up 52% compared to February 2020 levels. The average selling price during the month was up by 14.9% to $1,045,488. For the first time, the average sale price of a house in the GTA was above $1 million. Within Durham Region, TRREB reported 1,384 residential real estate transactions, up 55% compar...Read More

GTA Real Estate Starts 2021 with Another Jump in Sales and Higher Prices

By: Randy Miller

GTA Real Estate Starts 2021 with Another Jump in Sales and Higher Prices

Tags: Whitby Real Estate Durham Homes GTA COVID

January sales figures continued to build on the strength of last years record sales numbers.   During January, the Toronto Regional Real Estate Board (TRREB) recorded 6,928 sales, up more than 50% compared to January 2020 levels. The strong start to 2021 included sales growth throughout the GTA and across all major segments, including condos in the 905 regions. The average selling price ...Read More

GTA Real Estate Prices and Sales Reach New Highs

By: Randy Miller

GTA Real Estate Prices and Sales Reach New Highs

Tags: COVID, GTA, Druham, Whitby, Real Estate, Toronto

The record pace of home sales continued with 95,151 sales reported during 2020 by GTA Realtors® through the Toronto Regional Real Estate Board’s (TRREB) MLS® System. Total transactions were up 8.4% when compared to total sales during 2019. December sales were up 64% when compared to the monthly sales a year earlier. Sales were strongest amongst single family homes as Covid-19 impacte...Read More

GTA Real Estate Prices Continue to Soar-November Sales Remain Robust

By: Randy Miller

GTA Real Estate Prices Continue to Soar-November Sales Remain Robust

Tags: Whitby Real Estate Durham Homes GTA COVID

The record pace of home sales continued with 8,766 sales reported during November by GTA Realtors® through the Toronto Regional Real Estate Board’s (TRREB) MLS® System. This result represents a 24.3 % in the number of transactions compared to last November. The average selling price for all home types within the GTA was up again, by 13.3% reaching $955,615.   The large increases...Read More