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Patrick Chung

September Market Update

Friday Sep 10th, 2021

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Dear Friend, Another strong month of sales as the Toronto Real Estate Board reported the sale of 8,596 homes, at an average price of $1,070,911, up 12.6% over August 2020. The only factor that prevented more sales from taking place was the lack of homes for sale. Only 10,609 homes came on the market in August, 50% less than normal, and of course, without inventory, sales cannot take place. I believe the reason for the low number of homes coming up for sale is the fact that with the Covid... [read more]

December Market Update -- Last month of 2020!

Friday Dec 11th, 2020

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December 2020, Dear Friend, Another record month of real estate sales for the GTA and Covid 19 had nothing to do with it! There are 5 major factors that are keeping the real estate market at record levels: Ridiculously low interest rates (1.5%) attracting new buyers into the market who can now qualify to buy. A strong economic recovery for many business sectors. Many Canadians ”cash” rich from not spending on trips etc. as well as getting government... [read more]

The GTA market update!

Tuesday Mar 17th, 2020

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March 2020 Dear Friend, A huge month of sales for the GTA area as realtors reported the sale of 7,256 homes, up 45.6% over the 4,982 homes sold in February 2019, with the average price increasing 16.7% to $910,290. While this seems to be good news for homeowners, the reality is its not, unless one has no intentions of purchasing another property, but simply cashing out. For those first time who purchased in the last little while, congratulations! You are in the market, and will keep... [read more]

Another Record!

Wednesday Dec 20th, 2017

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Toronto Real Estate Board members sold 4,945 homes in December, bringing the 2015 calendar year total to 101,299. This 9.2 % increase over 2014’s 92,782 sales, marked 2015 as the best year in the history of the Board. The average selling price for 2015 as a whole was $622,217 – up 9.8 % compared to $566,624 in 2014. City of Toronto Average price     $659,270 Aurora Average price    ... [read more]

February 2016 Mid Month Housing Stats

Wednesday Dec 20th, 2017

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FEBRUARY 2016 TREB MID-MONTH STATISTICS Greater Toronto REALTORS® are passionate about their work. They are governed by a strict Code of Ethics and share a state-of-the-art Multiple Listing Service®. Over 43,000 TREB Residential and Commercial Members serve consumers in the Greater Toronto Area. TREB is Canada’s largest real estate board. February 19, 2016 – Greater Toronto Area REALTORS® reported 3,500 sales through TREB’s MLS® System during the... [read more]

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