Ottawa Market Report

Home sales in Ottawa were down 20.9 percent for July 2021 from July 2020. The average sales price year-over-year saw the biggest increase with bungalows at 18.6 percent with an average sales price of $648, 689.

Members of the Ottawa Real Estate Board sold 1,724 residential properties in July through the Board’s MLS® System, compared with 2,183 in July 2020, a decrease of 21 percent. July’s sales included 1,312 in the residential-property class, down 20 percent from a year ago, and 412 in the condominium-property category, a decrease of 24 percent from July 2020. The five-year average for total unit sales in July is 1,775.

July’s average sale price for a condominium-class property was $419,545, an increase of 17 percent…

33 Views, 0 Comments

Read Full Post

Toronto Market Report

Home sales in the Greater Toronto Area (GTA) were down 8.6 per cent for July 2021 from July 2020. The average sales price year-over year saw the biggest increase in townhomes which were up 8.5 percent from July 2020 with an average price of $1,172,796.

There were nearly 9,400 sales reported in July 2021 in Toronto. Demand for ownership housing remained well-above average for the time of year despite being below the record July result set a year earlier. Market conditions actually tightened relative to July 2020, with sales accounting for a greater share of new listings compared to last year. The sellers’ market conditions sustained a double-digit annual rate of price growth.

TRREB President Kevin Crigger said that the…

34 Views, 0 Comments

Read Full Post