David  Gharat

David Gharat

Broker

Real Estate Bay Realty Brokerage

Mobile:
416-729-2333
Office:
416-519-2641
Email Me
David  Gharat

David Gharat

Broker

Real Estate Bay Realty Brokerage

Mobile:
416-729-2333
Office:
416-519-2641
Email Me

Condo Market Report Q1 - 2022

Q1 2022 Condo Market Report

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.

“Condominium apartments represent a key market segment in the GTA, providing housing for an array of households. Many first-time buyers see condos as an affordable entry point into homeownership. At the other end of the spectrum, condos provide a luxury alternative for many households. It is also important to note that investor-owned condominium apartments have been an important source of rental supply over the past decade,” said TRREB President Kevin Crigger.

While first-quarter sales were down year-over-year, new listings of condominium apartments were basically flat, meaning condo buyers had some relief in terms of market conditions. However, market conditions remained tight enough to support double-digit annual average price gains, with the average condominium apartment selling price increasing by 22.5 per cent to $790,398.

“The GTA population will grow at or near record levels over the next few years, supported by a strong regional economy. The condominium apartment segment will be an important source of housing, both for people looking to purchase a home and also those looking to rent. This will continue to support price growth, but the pace of price appreciation may moderate as the market becomes more balanced over the next year,” said TRREB Chief Market Analyst Jason Mercer.

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David Gharat

 Broker - D.Y.G Homes Toronto 

Seniors Real Estate Specialist - Canada

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

 


 

           



Designation: SRES

Education: Broker - SRES Seniors Real Estate Specialist Canada

Specialty: Buy & Sell Houses-Condos, Pre-Construction Condos, Investments Rental, Leasing, Property Management, Mortgage Referrals

Experience: Since 2013

Awards: 100% Club Award Winner-Executive Club Award

Area Covered: Toronto, East York, North York, Markham, Scarborough, Pickering, Ajax, Mississauga

Languages Spoken: English