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Uber-Luxe Toronto Real Estate Homebuying Activity in 2020 January 17, 2021 Greater Toronto real estate market sees record-high home-buying activity for sales over $3 million in 2020 Sales of freehold and condominium properties up almost 56% over 2019 figures Luxury home sales over $3 million set a new record in the midst of a pandemic in the Greater Toronto real estate market, with the number of […] Read More
December and the Year of 2020 Resale Statistics Released January 7, 2021 Despite an unprecedented year due to COVID-19, including necessary public health restrictions and uncertainty surrounding the economy, the Toronto Regional Real Estate Board reported over 95,000 home sales in 2020 – the third-best result on record. The average selling price reached a new record of almost $930,000. The Greater Toronto Area housing market followed an […] Read More
Toronto Housing Market Outlook (2021) December 28, 2020 Toronto housing market to favour sellers in 2021, prices expected to rise 6% The Toronto housing market is expected to be in seller’s favour in 2021, characterized by a persistent supply shortage and rising prices. Low inventory has been a common trend across many Ontario housing markets in 2020, putting upward pressure on prices. Indeed, […] Read More
November 2020 Resale Statistics Released December 4, 2020 The record pace of Toronto home sales in the fall continued with 8,766 sales reported in November. This result was up by 24.3% compared to November of last year. Home buyers continued to take advantage of very low borrowing costs in November, especially those looking to buy some form of single-family home. Competition between buyers […] Read More
Millennial Home Buying Trends in the 2020 Luxury Real Estate Market November 23, 2020 Millennial home buying trends have become a hot topic in luxury real estate. Millennials include anyone born between 1981 and 1996, and they’re quickly becoming a dominating force in real estate. In 2018, millennials represented the largest cohort of home buyers at 37%, according to the National Association of Realtors’ 2019 Home Buyers and Sellers […] Read More
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