Condominium apartment sales remained strong historically in Q1 2022. Seller’s market conditions remained in place with the average selling price increasing by more than 20 per cent year-over-year. Greater Toronto Area (GTA) REALTORS® reported 7,932 sales through TRREB’s MLS® System in Q1 2022 – a decrease of 15.6 per cent compared to the record Q1 2021 result of 9,399 sales.
Demand for ownership housing remained very strong from a historic perspective in January 2022. At the same time, listings remained in short supply, resulting in tight market conditions and very strong year-over-year price growth.
Home sales reached a new record for the month of November and the average selling price also reached a new all-time high. New listings were down substantially compared to last year for all market segments – further highlighting the inherent supply issue across all home types in the Greater Toronto Area (GTA).
The condominium apartment market has experienced strong growth in 2021 and this continued in the third quarter. Sales in Q3 were up substantially compared to the same period last year. In addition, the condo inventory that built up during the initial phases of COVID has been more than absorbed with listings down significantly compared to last year. The result has been the resumption of seller's market conditions, and above-inflation price increases relative to 2020.
Like it or not, security cameras are everywhere — on public streets, in parking lots and business exteriors, and increasingly, inside office buildings.
Home owners are increasingly feeling the need to have an accurate and indisputable record of what transpires on their premises, both for safety reasons, as well as for legal protection. So, what are the top reasons you should install security cameras in your home?
Accelerating economic recovery from the pandemic has spurred renewed demand for rental accommodation in 2021. In the third quarter, there was a double-digit increase in the number of condominium apartment rental transactions reported through the Toronto Regional Real Estate Board's (TRREB) MLS® System. Over the same period, tightening market conditions resulted in an increase in average rents across all unit types.
Home sales in the Greater Toronto Area (GTA) reached the second-highest level on record for the month of October. However, the inventory of homes for sale did not keep up with demand. The number of new listings was down by approximately one-third compared to October 2020. Market conditions tightened across all major home types compared to last year, and the annual rate of average price growth remained in the double digits, including for the resurgent condominium apartment segment.
The condominium apartment market has experienced strong growth in 2021 and this continued in the third quarter. Sales in Q3 were up substantially compared to the same period last year. In addition, the condo inventory that built up during the initial phases of COVID has been more than absorbed with listings down significantly compared to last year. The result has been the resumption of seller's market conditions, and above-inflation price increases relative to 2020.
REALTORS® with the SRES® designation are specifically trained to serve the needs and interests of real estate buyers and sellers age 50+.
SRES® Designees join an elite group of real estate professionals serving the 60+ market
SRES® is the only “seniors real estate” designation recognized by NAR.
Welcome to DYG HOMES Real Estate! We are dedicated to providing exceptional service and expert guidance for all your real estate needs
With a passion for helping clients navigate the dynamic real estate market, we bring a wealth of knowledge and experience to every transaction. Whether you're a first-time homebuyer, an experienced investor, or looking to sell your property, we are here to assist you every step of the way.
Our commitment to client satisfaction is unwavering. We take the time to understand your unique goals and tailor our approach to meet your specific needs. We believe in open and honest communication, ensuring you stay informed and empowered throughout the process.
Backed by the latest industry tools and market insights, we stay ahead of trends and leverage our expertise to deliver results. From conducting comprehensive property searches to negotiating favorable deals, we work tirelessly to secure the best outcomes for our clients.
As a Seniors Real Estate Specialist (SRES), David is specially trained to cater to the needs and interests of clients aged 60+ who are looking to retire, relocate, downsize, upsize, or invest.
The clients David serves include:
1. Age 60+ Retirees: Seniors who are selling their homes to relocate or downsize.
2. New and Experienced Buyers: Individuals who are looking to buy properties or invest in real estate.
3. First Time Home Buyers: Individuals who are purchasing their first home.
4. Resale Condos: Specializing in the sale of condominiums in the market.
5. Residential Houses: Assisting clients with buying or selling residential houses.
6. Finance/Mortgage Referrals: Providing referrals to financial and mortgage services.
7. Relocation Referrals: Assisting clients with relocation services.
8. Rental/Lease: Helping clients with rental and lease agreements.
9. Referrals to Property Management: Offering referrals to property management services for duplexes, triplexes, and fourplexes.
We invite you to give us a call to arrange a viewing of a specific property or to have a friendly chat about your real estate needs.
With our dedication and personalized approach, we look forward to assisting you in achieving your real estate goals.
*case by case basis
DEDICATION | TRUST | VALUE
David is a member of the following professional Real Estate Organizations
TREB (past) Government Relations Committee Member
TREB (past) Consumer Relations Committee Member
TREB-Toronto Real Estate Board
NAR-National Association of Realtors
RECO-The Real Estate Council of Ontario
OREA-Ontario Real Estate Association
CREA-Canadian Real Estate Association
