Toronto Market Report

Home sales in the Greater Toronto Area (GTA) were up 10.66 per cent for May 2021 from May 2020, with detached and semi-detached homes seeing the biggest increase.

Toronto Real Estate Board (TRREB) reports that residential transactions reported through TRREB’s MLS® System remained high in May 2021, but fell short of the 2016 record, and were below this year’s March peak. Despite a slight drop in sales over the last two months, market conditions remained tight enough to push the average selling price to an all-time record in May.

Greater Toronto Area REALTORS® reported 11,951 sales – more than double the result from May 2020. May 2021 sales were below the May 2016 record of 12,789 but remained well above the average May…

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Ottawa Market Report

Home sales in Ottawa were up 31.6 per cent in May from May 2020, bringing the average sale price to $661,127.

Members of the Ottawa Real Estate Board (OREB) sold 2,296 residential properties in May through the Board’s Multiple Listing Service® System, compared with 1,342 in May 2020, an increase of 71 percent. May’s sales included 1,779 in the residential-property class, up 67 per cent from a year ago, and 517 in the condominium-property category, an increase of 85 per cent from May 2020. The five-year average for total unit sales in May is 2,123.

It is worth noting that there were twice the number of new listings entering the market in May 2021 compared to last May, with approximately 50 units more than the five-year average…

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Toronto - Return to Downtown Core?

Many Torontonians put their downtown Toronto condominiums on the market, in order to move further out of the city into the suburbs where they were able to afford homes with yards. However, two developers do not expect this trend to continue as the pandemic is nearing its end.

During the 2021 Land and Development Conference that was held in June, the impact of COVID-19 on buying trends and design was examined.

Data revealed that 2020 sales of condominium units in the 905 region surpassed the sales in the 416 region for the first time. One developer revealed that he believes this trend is not likely to continue, and sales will increase again in the downtown core, however it will not be exactly as it was before…

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Top Tricks: Get your house ready to sell on a budget

There are endless possibilities when thinking about which upgrades, changes, or quick fixes to complete when preparing your home to sell. When you are working with a short time frame and on a budget, it is important to focus on the home improvements that will really have the biggest impact when potential buyers walk through the front door. Here’s a list of the top fixes to get your home ready to sell on a budget.

1. Remove clutter. If your house is full of stuff it automatically looks much smaller and less appealing to potential buyers. If you have a lot of stuff in your house, you should consider packing it into boxes and moving it into your garage, shed, or renting a storage unit. You want to…

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Toronto Market Report 

Home sales in the Greater Toronto Area (GTA) set a new record for April and amounted to more than quadruple that from April 2020. GTA REALTORS® reported 13,663 sales through TRREB’s MLS® System in April 2021 – a 12.7 per cent decrease compared to March 2021, but more than quadruple the number of sales reported in April 2020. Compared to the ten-year sales average of 10,000 for the April 2010 to April 2019 period, the April 2021 sales result was up by 36.6 per cent. New listings followed a similar track – down by 8.4 per cent compared to March 2021, but more than triple the number of new listings reported in April 2020. Compared to the ten-year new listings average for the April 2010 to April 2019 period, the April 2021 new…

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Ottawa Market report 

Members of the Ottawa Real Estate Board sold 2,402 residential properties in April through the Board’s Multiple Listing Service® System, compared with 911 in April 2020, an increase of 164 per cent. April’s sales included 1,859 in the residential-property class, up 166 per cent from a year ago, and 543 in the condominium-property category, an increase of 155 per cent from April 2020. 

April’s average sale price for a condominium-class property was $427,145, an increase of 30 per cent from last year, while the average sale price for a residential-class property was $743,204, an increase of 42 per cent from a year ago.With year-to-date average sale prices at $734,682 for residential and $418,792 for condominiums, these values…

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