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

January 2022 Housing Market Statistics

Release January Stats

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.

There were 5,636 sales reported through the TRREB MLS® System in January 2022 – down by 18.2 per cent compared to 6,888 sales in January 2021. While sales were down substantially compared to last year’s record result, the January 2022 result was the second-best in history for the month. This result is in line with TRREB’s forecast for a strong sales result in 2022 but off the 2021 record.

New listings were down by a similar annual rate (-15.5 per cent) as sales. Because sales and new listings moved in relative lockstep, active listings at the end of January amounted to 4,140 – down by 44 per cent to the lowest level in more than two decades.

The continuation of tight market conditions resulted in a 33.3 per cent annual increase in the MLS® Home Price Index Composite benchmark. Similarly, the average selling price was up by 28.6 per cent year-over-year to $1,242,793.

Looking Forward, TRREB's outlook for 2022 is as follows: Total home sales reported through TRREB’s MLS® System in the GTA will reach 110,000, representing a dip from 2021, but still a strong result in comparison to previous years; and The average selling price for all home types combined is set to climb to $1,225,000, an approximate increase of 12 per cent when compared to last year.

David Gharat

website: www.housecondopro.com

website: www.condostobuy.ca

website: www.dyghomes.com

website: www.housereport.ca

Have Questions?

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