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

December 2021 Housing Market Statistics

GTA REALTORS® Release December 2021 Stats

A record 121,712 sales were reported through TRREB’s MLS® System in 2021 – up 7.7 percent from the previous 2016 high of 113,040 and up 28 percent compared to 2020. Record demand last year was up against a constrained supply of listings, with new listings up by 6.2 percent – a lesser annual rate than sales. The result was extremely tight market conditions and an all-time high average selling price of $1,095,475 – an increase of 17.8 percent compared to the previous 2020 record of $929,636.

“Despite continuing waves of COVID-19, demand for ownership housing sustained a record pace in 2021. Growth in many sectors of the economy supported job creation, especially in positions supporting above-average earnings. Added to this was the fact that borrowing costs remained extremely low. These factors supported not only a continuation in demand for ground-oriented homes but also a resurgence in the condo segment as well,” said TRREB President Kevin Crigger.

One sales trend that stood out in 2021 compared to 2020 was the resurgence in demand for homes within the City of Toronto. Overall sales in the “416” area code were up by a substantially greater annual rate (+36.8 percent) compared to sales growth for the surrounding Greater Toronto Area (GTA) suburbs combined (+23.6 percent). The marked recovery in the condominium apartment segment was a key driver of this trend.

“Tight market conditions prevailed throughout the GTA and broader Greater Golden Horseshoe in 2021, with a lack of inventory noted across all home types. The result was intense competition between buyers, pushing selling prices up by double digits year-over-year. Looking forward, the only sustainable way to moderate price growth will be to bring on more supply. History has shown that demand-side policies, such as additional taxation on principal residences, foreign buyers, and small-scale investors, have not been sustainable long-term solutions to housing affordability or supply constraints,” said TRREB Chief Market Analyst Jason Mercer.

In December, GTA REALTORS® reported 6,031 sales – a strong result historically, but still down by more than 1,000 transactions (-15.7 percent) compared to the record of 7,154 set in December 2020. Over the same period, new listings were down by 11.9 percent to 5,174. The MLS® Home Price Index Composite Benchmark was up by 31.1 percent year-over-year in December. The average selling price was up by 24.2 percent annually to $1,157,849.

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