May 2021

The volume of all types sold is up over 160% over May of 2020. 

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There has been strong demand for ownership housing in all parts of the GTA for both ground-oriented home types and condominium apartments.

This was fueled by confidence in economic recovery and low borrowing costs.

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In sub-markets like Durham region, Brampton and York Region the demand has been extremely strong. 

Active listings in Durham are down 23% with sales volume up over 175% which continues to drive prices, up 34%

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Even with a great number of homes for sale the demand continues to push prices, up almost 26% and the total volume of sales up 155% for the month of May.

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 New construction sales also continue to remain strong on both the high-rise and low-rise sides of the market. 

Developers and their marketing teams continue to receive a large number of applications to purchase as more clients are choosing real estate as an investment. 

If you have any questions about purchasing new construction or simply investing in real estate

Please never hesitate to reach out should you have any questions....