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Patrick Chung

April Market Update

Thursday May 9th, 2024

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   As we delve into the real estate landscape of April 2024, we find ourselves comparing it to the same period in 2023, which witnessed a temporary surge in market activity. In April 2024, however, home sales experienced a slight decline, yet there were notable shifts in other key indicators.    According to the latest data from the Toronto Regional Real Estate Board (TRREB) MLS® System, home sales in the Greater Toronto Area (GTA) totaled 7,114, marking a 5% decrease... [read more]

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]

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