Toronto Regional Real Estate Board President Lisa Patel announced that Greater Toronto Area REALTORS® reported 8,701 sales through TRREB’s MLS® System in June 2020. Canadians are seeing their net-worth slow in growth, and in some cases decline. Necessary cookies are absolutely essential for the website to function properly. However, I still think that there would be ups and downs till we reach a balanced market,which stays here for a while! That is +14% Increase in Home Prices compared to last year in similar time in Toronto’s real estate. This is drastically UP from last year’s 13,053 listings in the same month. Realosophy's John Pasalis chats with the team at BNN Bloomberg to review Toronto real estate in 2019 - and discuss what's ahead for 2020. For more details about the market in your street or neighbourhood, you can contact one of the Top Toronto’s real estate agents using the Apply button down below. I’m a Toronto real estate agent who has been analysing, selling, and buying and investing in real estate in Toronto through the ups and downs of the market. National Association of REALTORS® Center for REALTOR Development, Leading Real Estate Companies of the World®. In comparison to the May 2020 sales report, the increase is both on an actual (+89 per cent) and seasonally adjusted basis (+84 per cent). It made the process exciting, enjoyable and stress free. Pfeizer’s COVID vaccine proved, You might have seen all kinds of news headlines about Toronto’s real estate market in the past few months, here, Your email address will not be published. In this article I’m gonna tell you WHY things are happening the way they are happening right now and how the market most likely could continue to unfold! However it’s important to be ready for that and what will come next. So I predict that the winter market would be a little bit slower than the last winter and you might even see price decreases. Small towns and cottage country real estate is in high demand as people leave the city. We apologize, but this video has failed to load. These sessions in particular will address what it means to strengthen your value proposition: One on One With Vince Leisey: Why Culture Matters More Than EverJohn Featherston, RISMediaVince Leisey, Berkshire Hathaway HomeServices Ambassador Real Estate. Published Thursday, August 6, 2020 7:15AM EDT SHARE TORONTO -- July was a record-breaking month for Toronto real estate sales, as 11,081 homes changed hands. MICHAEL S. CORRELL 3 years ago I see increasing levels of inventory in the condo market especially in Downtown. Oh Ari, In this crazy game of downtown real estate it is quite difficult to find an agent that is timely, true to his word, and a joy to be around. ( you can view our past predictions, which are very close to what is happening right now on: Toronto’s Real Estate Market ). The MLS® HPI Composite Benchmark was up by 10.6 per cent in November 2020 compared to November 2019. We have been preparing for this and working on new strategies for our clients to guide them with their real estate needs amid these uncertain times ( with a look at the history, you can predict some of the future outcomes). We covered a multitude of stories—renters, buyers, upsizers, downsizers, flippers, renovators, and pretty much every other imaginable permutation. The cost of any agent’s service (if any), is negotiable between you and the agent, and must be discussed with your agent. Click here to register and receive a 50 percent discount! But the market will rebound in 2021 after vaccines have become widespread and prices for single family dwellings should rise by 4.6 per cent in 2022, Singh predicts. December 11, 2020 Real Estate. Getting a consultation or help from a Top Toronto real estate agent would help you to overcome many of those obstacles easier. Canada News Media provides the latest news from Canada! Toronto sales were also up, but not the same amount. So buyers out there, beware of that! The amount of office sublease space on the market in downtown Toronto has quadrupled during 2020 to almost 2.5 million square feet, and there’s no short-term turnaround in sight.