This year started with an unprecedented flurry of home purchases. It’s without a doubt that Toronto’s real estate market was off to a very strong start. The average selling price for January 2021 was up by 15.5 per cent to $967,885 year-over-year.  (compare that to $929,692 in 2020).
I am seeing first-time homebuyers holding off until the market cools down a bit, and I am hearing investors planning to “buy high and sell high” for any properties within a 2 to 3 hour radius from the GTA.
As a buyer or seller would you wait and see what happens, or hurry to buy now?
Email me the first response that comes to mind? I’d love to know your thoughts.
Toronto Stats this Past week
MLS activity from February 3 to 9 for residential properties:
↑ Newly Listed:
↑ For Rent:
Compare the above to the week before from January 27 to February 2 when there were
3,745 for sale, 863 newly listed, 434 sold & 10,387 for rent.
TODAY’S NEWEST LISTINGS
TORONTO HOUSES FOR SALE
|Under $950k||$950k to $1.2M||$1.2M to $1.6M|
|$1.6M to $2M||$2M to 3M|
TORONTO CONDOS FOR SALE
|Under $500k||$500k to $600k||$600k to $700k|
|$700k to $800k||$800k to $1M||Over $1M|
|GTA Fixer Uppers||Ontario Foreclosures||Map Search|
(Email or call me directly for specific sold or off-market properties)
If you would like me to look up any other numbers for you, just call or text me 647-804-8601.
Let me know how I can help with your (RE)search.