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

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 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