David  Gharat

David Gharat

Broker

Right at Home Realty, Brokerage*

Mobile:
416-729-2333
Office:
416-391-3232
Email Me
David  Gharat

David Gharat

Broker

Right at Home Realty, Brokerage*

Mobile:
416-729-2333
Office:
416-391-3232
Email Me

November 2021 Condo Market Statistics

TRREB Releases Q3 2021 Condo Market Statistics

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.

Greater Toronto Area (GTA) REALTORS® reported 7,810 condominium apartment sales through the Toronto Regional Real Estate Board's (TRREB) MLS® System in Q3 2021. This result was up by 10.6 percent compared to Q3 2020. Over the same period, new listings were down by 31 percent. This means that market conditions tightened markedly over the last year, increasing competition between buyers.

"The condo market has seen a dramatic resurgence compared to a year ago. In 2020, first-time buyers sat on the sidelines due to economic uncertainty. This year, however, improving economic prospects have seen many of these buyers accelerate their search for a property. This trend will only continue as population growth resumes next year, and limited changes to supply are expected," said TRREB President Kevin Crigger.

The average selling price for Q3 2021 condominium apartment sales was $689,831 - up 8.9 percent compared to Q3 2020.

"The condo market is catching up to the low-rise market segments in terms of market conditions. If demand continues to increase relative to supply, which is a distinct possibility assuming an acceleration in population growth over the next year, the annual rate of price growth could increase as we move into 2022," said TRREB Chief Market Analyst Jason Mercer.

David Gharat

website: www.housecondopro.com

website: www.condostobuy.ca

website: www.dyghomes.com

website: www.housereport.ca

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David Gharat

 Broker - D.Y.G Real Estate 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 50+ market

SRES® is the only “seniors real estate” designation recognized by NAR. 

 


Welcome To David Gharat's Website

Expert in Real Estate Sales and Condo Investments in Toronto, North York, East York, Markham, Pickering, Ajax, Oshawa, Mississauga, Oakville, Burlington, Hamilton and Niagara areas.

 

Our Clients

Age 50+, Retirees - Seniors selling their home to relocate or downsize

New and Experienced Buyers, Investors

First Time Home Buyers

Specialize in

Resale Condos

Residential Houses/Buy/Sell

Finance/Mortgage Referrals

Relocation Referrals

Rental/Lease

*Referrals To Property Management (Duplex/Triplex/Fourplex)

   Why Home Owners Sell With Us

*Specialized Global Marketing program

 

*Network of Buyers belong to the Elite Investors Circle... what this means?

  Your property could sell at a Higher Price

 

To Help David And Team Serve You Better Please Complete The Form That Best Suits Your Needs

Free Home Evaluation ReportDream Home FinderPower Of Sale AlertsSee When Your Neighbours Are SellingReal Estate Reports

 

We DON'T just SELL - We SELL for High Value

We serve all types of residential real estate clients in Toronto and surrounding areas.

Our passion is helping mature age 50+, Retirees-Empty Nesters to relocate and get the very best price they can for their homes or condominiums.

 

Whether you are looking to buy, sell, relocate or invest, I have the expertise to help you achieve your real estate goals.

With a combined 19+ years of sales and marketing experience, you can trust David Gharat to give you the best in value and customer service.

Our communication and listening skills enable an enjoyable and stress-free selling and buying experience

As a Seniors Real Estate Specialist (SRES), David is specially trained to serve the needs and interests of real estate clients age 60 + looking to retire, relocate, downsize, upsize or invest.

Give us a call to arrange to see a specific property or a friendly chat.

*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