Helping Communities, Building Together
Inder Chawla's blog
Greater Toronto real estate seen staggering growth in single-detached sales and average price, little sign of slowing despite shortage of available listings:
GTA REALTORS® RELEASE JULY STATS
TORONTO, ONTARIO, August 5, 2021 – With almost 9,400 sales reported in July 2021, 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.
One in three Canadians considering “workarounds” to buy a home amidst declining housing affordability in Canada, supply shortages:
HOME SWEET CLASSROOM:
HOW TO UPDATE A HOME TO ACCOMMODATE SCHOOLING:
New Research Shows Potential Land Transfer Tax Hike Would Hurt All Buyers and Sellers:
TORONTO, ONTARIO, July 6, 2021 – June home sales were up compared to last year, but remained below the March 2021 peak and were lower than the number of transactions reported for May 2021, consistent with the regular seasonal trend. The average selling price in June increased by double digits compared to last year as well, but the annual rate of increase moderated compared to the previous three months.
How to make a home stand out in the market and possibly get top dollar at closing.
MILESTONE MOVE: TIMELY TIPS FOR FIRST-TIME HOMEBUYERS
Are you done paying someone else’s mortgage (goodbye, rent money!) and ready to find a home to call all your own? As a first-time homebuyer, the process of purchasing real estate can be daunting.