September 2021

I hope you are enjoying this fall season, the residential real estate market continues at its busy pace. These are all good things as we navigate the pandemic

 

With everyone settling into the Fall and back into the GTA from summer holidays the residential real estate market continues at a pace not seen in years as inventory levels are at all time lows

 

The Greater Toronto Area needs more homes, of all types, to sell. 

Available homes for sale are down almost 50% from this same time last year. 

With demand remaining strong, prices have increased up just over 18% when comparing September 2021 over September 2020.

 

Sub-markets like Brampton and Durham Region are seeing inventory levels down over 60% and 40% respectively, leaving the months of inventory at approximately just two weeks.

If no further listings were taken in those areas, they would be sold out of homes in just fourteen days.  

 

The condominium market is busy with the number of sales up over 12% and prices up over 11% when comparing September 2021 over September 2020.  Condominiums continue to thrive due to condos being a more affordable option to enter the market.

Please contact me to learn more about this process.

I am always happy to address all your real estate questions, know that I am only a phone call, text or email away.

I look forward to connecting with you again soon.

Know that I am only a call, email or text away to assist with any of your real estate needs.