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Market Updates

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This section features the latest graphics (**SCROLL DOWN PAST THE ARTICLES FOR THE LATEST STATS**), Market analysis articles and links to stories and opinions from the news media outlets and some of the best voices in our industry. The primary focus of this page is homes and condominiums in Toronto and the GTA. This is a VETTED list of articles and news stories - I have featured these here because I feel that they are "good reads"! Enjoy!


Up to Date featured Articles and Opinions - Click on the Title! (Newest appear at the top of the list)



50 ways to save energy and money around your home (Aug 2022)


Reverse Mortgages: the low down (Jul 2022)


Take some of the stress out of financing your next home renovation project(s)   (Jul 2022)


We will buy your house FOR CASH!! The Letters in the mailbox and what to do with them... (Jun 2022)


Why a Smaller City could be a good move for you (May 2022)


Tips for helping buyers navigate new home construction (Apr 2022)


Average personal credit scores broken down by Canadian City - how does yours match up? (Mar 2022)


Be careful with online home price/value estimators (Mar 2022)


The realities of unconditional (FIRM) offers (Feb 2022)


Status Certificates and Maintenance Fees (Jan 2022)


​​​​​​​Shipping Container Homes are in style! (Jan 2022)


9 Things which sellers should never leave out during an open house (Nov 2021)

The workability of pre-fabricated modular homes  (Nov 2021)


Opinion: Here's how much you need to earn to own a Toronto condo (Nov 2021)


Another MILLION people over the next 25 years for Toronto? (Oct 2021)


The New RentSafeTO interactive apartment building safety map is online and it's cool!!  (Oct 2021)


Are you looking to invest (with the potential of owning a multi unit property? Here's a summary of the property types. (Sept 2021)


Closing Costs for Buyers - a detailed breakdown (Aug 2021)


What the average Toronto detached home price will get you in other Canadian cities - $1.7 million! (July 2021)


Toronto's 15 Hottest Neighbourhoods to live in (April 2021)



Toronto's 15 Most Expensive Neighbourhoods (April 2021)



Selling Your Home in a Hot Market

​


March 2021  update for the 2150 Lakeshore Blvd West (First Capital) Development - Humber Bay Shores



22 Toronto Suburbs are now all averaging over $1 Million for a detached home



Return of the Renters



The Toronto Regional Real Estate Board's Year in Review 2020 and Outlook for 2021 - Digital Digest



Here's what $5.9 Million buys in Oakville's New Condo Market



“Your House Makes More Than You Do”: Ontario Home Prices Outpacing Household Incomes

​


What a $1 Million Home looks like in every Provincial Capital    



Toronto Real Estate Board RENTAL Market Report January 27, 2021



Single-Family New Home Sale in GTA up 81% Year-Over-Year in 2020



January 2021 National Rental/Lease Statistics Report



5 Canadian Housing Market Predictions for 2021



Pandemic Housing Market to Stay Hot in 2021



Toronto's housing market so hot that even the bully bidders are at war

​


RBC's new forecast for Canadian Real Estate in 2021





Stats, Comparisons & Graphics (Newest First) - updated September, 2022

The August monthly stats are in! Pictured here are average sales price per housing type, the number of transactions in each of those housing types for August 2022, and the percentage DROP in transaction quantities from August 2021 (these transaction counts are still quite dramatically down!)

Here's how things are going month by month from July 2022:
Detached: July: $1,515,763. (Aug: moving upward again by $133k)
Town: July: $963,545 (Aug: down $50k)
Condo: July $744,092 (Aug: down only $8k)

Prices are more or less steady (see 416/905 combined averages below), it's tough to call anything a real trend until we see how September fares.

Many buyers are still playing the waiting/timing game - while others see this as an opportunity to get out there and start some aggressive low-ball negotiating! (and why not?)
Listings in many areas are sitting on the market. Some sellers are going through A LOT to sell, including multiple strategy and price changes. The low prices result in low comparables and a downward trend.

We expect more listings AND buyers (who simply NEED to get out there) in September!

Not in the graphic but just as important:
Semi detached homes Average price: $1,127,429 this continues to trend downward as well (almost $140k lower than July!)

The overall GTA (416/905) combined average for detached homes is $1,379,700 and $711,321 for condos. These numbers have not shifted too much from July.

There are still a few categories (homes/towns/condos) in the northern suburbs (York Region specifically) which are attempting offers withholding/offer nights. Some are successful, and others are not.

There is SO much more to say about this - DM or email me anytime for a deeper dive into market stats! I love chatting about the REAL DATA and what this could mean for YOU!

Shashi Ramu

Shashi Ramu

Sales Representative

Sutton Group Realty Systems Inc Brokerage

1542 Dundas Street West, Mississauga, Ontario, L5C1E4

shashi@sutton.com

(647) 825-7476

(905) 896-3333

(905) 848-5327

Useful Links

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