For the third straight month of 2021, record home sales continued in March across the Greater Toronto Area (GTA) with buyers taking advantage of favourable borrowing costs and continued improvement in many sectors of the economy.
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KNOWLEDGE CAFÉ
Category: <span>News</span>
All your real estate information in one place. Learn from a REALTOR® how to navigate the real estate market and become a knowledgeable consumer. I post interesting topics on this page regularly. Feel free to contact me if you have any questions, or if you want to know more about any of the topics. The information contained on this page is intended solely to provide general guidance on matters of interest for personal use. All content is provided ‘as is’, without warranty of any kind and should not be used as a substitute for consultation with a qualified professional.
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Record home sales in the Greater Toronto Area (GTA) 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.
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January 2021 home sales amounted to 6,928 – up by more than 50 per cent compared to January 2020. This strong start to 2021 included sales growth across all major segments including condominium apartments, both in the City of Toronto and surrounding GTA regions.
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Each year, the Toronto Regional Real Estate Board (TRREB) grants $15,000 to four graduating high school students pursuing post-secondary education, including two $5,000 first-place and two $2,500 second-place scholarships. To qualify, students must demonstrate academic achievement, leadership skills and community involvement, plus, write a 1,500-word (minimum) essay on one of two timely topics. This year’s topics focus on the dream of home ownership and impact of a growing population on housing in the GTA.
The deadline to apply is 3:00 p.m. on Friday, March 26, 2021
I’ve attached a link to the application form below for those of you that may know graduates interested in applying.
https://trreb.ca/files/scholarship/2021_TRREB_Scholarship_Application_Form.pdf
The Toronto Regional Real Estate Board’s Market Year in Review & Outlook 2021 report has arrived. Visit the new digital digest to get an overview of what’s driving our economic stability through and beyond Covid-19.
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Just updated my new vignette video. I’m ready for when those borders open again. Come on Covid-19 go away! We have had enough already. Who else is thinking of sunshine and beaches? When the time comes, I can help you find that dream vacation home. Until then, stay safe and stay home everyone.
James Skenderis, Broker with Right at Home Realty Inc. Brokerage has been awarded the Accredited Buyer’s Representative (ABR®) designation by the Real Estate Buyer’s Agent Council (REBAC) of the NATIONAL ASSOCIATION OF REALTORS® (NAR).
James joins more than 27,000 real estate professionals in North America who have earned the ABR® designation.
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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.
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If you are a Canadian business in need of COVID-19 financial assistance, the following document provides a current overview of federal programs that may help your business and/or employees during this difficult time. This information was compiled by the Canadian Real Estate Association (CREA).
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The record pace of home sales in the fall continued with 8,766 sales reported in November by Greater Toronto Area REALTORS® through the Toronto Regional Real Estate Board’s (TRREB) MLS® System. This result was up by 24.3 per cent compared to November of last year.
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