Archive for June 2021

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Seniors: Beware of Door-Knocking Agents

Getting Ready To Sell Your Home Seminar With Delmanor Aurora

I will be offering a free seminar “Getting Ready to Sell Your Home” in conjunction with Toronto Residential Downsizing and Delmanor Aurora and on June 15th & July 20th.

Put June 15th & July 20th at 2:30 pm on your calendar for the free virtual (Zoom) seminar.  If you are contemplating a move but are unsure of the process or keep muttering to yourself “What will I do with all my ‘stuff’?”, then this seminar is for you.

 

You will learn about the process of selling your home in today’s market as well as hearing about services Toronto Residential Downsizing can provide to help you with the monumental downsizing task.

No matter where you decide to move, this seminar will provide you with valuable content.

 

Delmanor is opening a brand-new facility on Yonge Street in Aurora.  It is scheduled to open in January 2022. You will also get first-hand information on the construction progress and amenities which will be offered at Delmanor Aurora, (although there is no obligation at all).

This is free information seminar. To register, contact Keri Armstrong at Delmanor Aurora 905-503-9505.

One lucky new resident of Delmanor Aurora will win this original oil painting
“Springtime Walk in the Woods” by David Arathoon
at the opening of Delmanor Aurora.

Donated by Chip Barkel, eXp Realty

May 2021 Toronto Real Estate Market Report

 

May 2021 Toronto Real Estate Market Report

New listings are down month over month, which means there is less inventory. The Days on Market (DOM) is still an incredibly low 10 days, and the average selling price is up 1.6%. All signs of an ongoing seller’s market.

In the City of Toronto, the average selling price came in marginally higher at $1,108,453 represents a 1.6% increase over last month.

It is also worth noting that the higher end of the market ($2,000,000+) continues to be healthy, despite a 9% decrease since last month.

In May, condominium apartment sales were down 17.4% but the average selling price was up 3.6%.

Comparing year-over-year figures is still distorted because of the COVID-19 restrictions in 2020.  Normally, May is the strongest selling month of the year for real estate. May 2021 went against this trend. This year March has been the strongest selling month with 15,646 properties sold. The number of properties sold in May was down 47% over March 2021. While the number of properties sold is down significantly due to fewer new listings, the average selling prices are up across the board. Demand is still strong in all parts of the GTA for both low rise and high-rise housing stock. This is due to confidence in economic recovery and low borrowing costs. The pullback in the number of sales in the past couple of months is likely due to the absence of population growth experienced in previous years. The low average of 10 days on market for sales shows that buyers are still actively looking to purchase and competition is widespread and not confined to the downtown core.