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March 2021 Toronto Real Estate Numbers Are In

Thursday Apr 8th, 2021

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  For the third straight month of 2021, record home sales continued in March across the Greater Toronto Area with buyers taking advantage of favourable borrowing costs and continued improvement in many sectors of the economy. GTA REALTORS® reported 15,652 sales in March 2021 – close to double that of March 2020. While sales were strong, it is important to remember that for the second half of March 2021, we are comparing against the initial impact of COVID-19 in the second... [read more]

Ontario Back in Lockdown Due to Rising Covid Cases

Friday Apr 2nd, 2021

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Today, the Ontario government has announced that it is applying the “emergency brake” by placing the entire province back into shutdown as of Saturday, April 3, for at least a month due to a surge in COVID-19 cases and intensive care admissions. Measures include, but are not limited to: Prohibiting indoor organized public events and social gatherings and limiting the capacity for outdoor events or social gatherings to a 5-person maximum, except for gatherings... [read more]

February 2021 Another Record Breaking Month for Toronto Real Estate

Wednesday Mar 3rd, 2021

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  Record home sales in the Greater Toronto Area continued in February as buyers remained confident in their employment situations and took advantage of ultra-low borrowing costs. With multiple buyers continuing to compete for many available listings, double-digit annual price growth was the norm throughout the GTA, with stronger rates of growth in the suburbs surrounding the City of Toronto. GTA REALTORS® reported 10,970 sales through TRREB’s MLS® System... [read more]

Stay-at-Home Order Extended in Toronto and Peel Public Health Regions Along with North Bay-Parry Sound

Saturday Feb 20th, 2021

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    TORONTO — In consultation with the Chief Medical Officer of Health and the local medical officers of health, the Ontario government is maintaining the shutdown, the Stay-at-Home order and all existing public health and workplace safety measures for an additional two weeks in the Toronto and Peel Public Health Regions, along with the North Bay-Parry Sound District. The York Public Health Region will... [read more]

The Toronto Real Estate Board Forecasts Strong Demand for Real Estate in 2021

Wednesday Feb 10th, 2021

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The outlook for the GTA real estate market is healthy with strong buying intentions, a near-record sales forecast of more than 100,000, and a record average selling price over $1 million. The Toronto Regional Real Estate Board (TRREB) has just released its must-read Market Year in Review & Outlook 2021 Report and eagerly awaited digital digest containing TRREB’s annual market outlook, up-to-date Ipsos consumer polling results, the most recent Altus new home and commercial statistics,... [read more]

UNDERSTANDING HOW HOMES ARE PRICED

Wednesday Jan 27th, 2021

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Whether you plan on putting your home on the market someday soon, or you’re just interested in how much your property is worth from an investment perspective, it makes sense to know how homes are priced. When a home goes on the market, there is an overwhelmingly high probability that it will sell for somewhere close to its market value. So if a three-bedroom, detached home in a community sold for X dollars, then you can expect a similar home down the street to sell for roughly the... [read more]

DIFFUSING DISPUTES WITH NEIGHBORS

Wednesday Jan 27th, 2021

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Even if you live in a beautiful home in a great community, a dispute with a neighbor can make living there a miserable experience. That’s why it makes sense to settle such disputes quickly and amicably. How do you do that? Here are some tips: Deal with the issue quickly. It’s tempting to avoid facing an unpleasant dispute with a neighbor and hope the problem just goes away. That rarely happens. To settle a dispute, you need to act quickly. Avoid displays of anger. Acting... [read more]

GTA REALTORS® Release December Stats

Wednesday Jan 27th, 2021

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  Despite an unprecedented year due to COVID-19, including necessary public health restrictions and uncertainty surrounding the economy, Greater Toronto Area REALTORS® reported over 95,000 home sales in 2020 – the third-best result on record. The average selling price reached a new record of almost $930,000. “The Greater Toronto Area housing market followed an unfamiliar path in 2020. Following the steep COVID-induced drop-off in demand during the spring, home... [read more]

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iListRealEstate Inc. Toronto Real Estate Brokerage, 416-901-8777, info@ilistrealestate.ca
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