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October 2020 Fallingbrook Sales Stats 

Fallingbrook sales remain strong 

RECAP OF TRREB MARKET WATCH IN THE NEWS

Below, TRREB has gathered a list and links of coverage from national, provincial, and local media outlets

• Toronto home sales surge in 42% in September - BNN Bloomberg Video Clip with TRREB Chief Market Analyst Jason Mercer
• Toronto home prices hit new record as sales soar 42.3% in September - BNN Bloomberg
• Sales, prices set new records in a high-flying month for Toronto real estate - Globe and Mail
• Toronto home sales rise to new record - CTV News Video Clip with TRREB President Lisa Patel
• How will the second wave of the pandemic affect Toronto real estate? - Toronto Storeys
• Toronto's condo market shows signs of strain as new listings flood market - Financial Post
• GTA home sales and prices see double digit September gains - Toronto Star
• Click here for Durham Region Stats 

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GTA REALTORS® Release August Stats

Toronto Regional Real Estate Board (TRREB) President Lisa Patel announced that the strong rebound in Greater Toronto Area (GTA) home sales continued with a record result for the month of August. GTA REALTORS® reported 10,775 residential sales through TRREB’s MLS® System in August 2020 – up by 40.3 per cent compared to August 2019.

Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding GTA regions. It should be noted that the low-rise market segments, including detached and semi-detached houses and townhouses, were the drivers of sales growth. Condominium apartment sales were up on an annual basis for the second straight month but to a lesser degree.

“Increased demand for ownership housing has been based on improving economic conditions, in terms of monthly GDP growth and job creation, and the continuation of very low borrowing costs. In addition, fewer households have chosen to go on vacation as a result of COVID-19 and instead have remained in the GTA and been active in the housing market, satisfying pent-up demand from the spring,” said Ms. Patel.

Both the number of new listings entered into TRREB’s MLS® System during the month and the number of active listings at the end of the August 2020 were up on a year-over-year basis. While new listings were up strongly for all home types, growth in new condominium apartment listings far outstripped growth in the other market segments.

“Generally speaking, market conditions remained very tight in the GTA resale market in August. Competition between buyers was especially strong for low-rise home types, leading to robust annual rates of price growth. However, with growth in condominium apartment listings well-outstripping condo sales growth, condo market conditions were comparatively more balanced, which was reflected in a slower pace of price growth in that segment,” said Jason Mercer, TRREB’s Chief Market Analyst.

The MLS® Home Price Index Composite Benchmark was up by 11.1 per cent in August 2020 compared to August 2019. Over the same period, the overall average selling price was up by 20.1 per cent to $951,404. Annual detached and semi-detached sales growth was stronger in the comparatively more-expensive City of Toronto compared to the surrounding GTA regions, which helps explain why growth in the overall average selling price outstripped growth in the MLS® HPI Composite Benchmark.

#DurhamRealEstate #MarketWatch #RealEstateSalesStats  #PickeringRealEstate #AjaxRealEstate #WhitbyRealEstate #OshawaRealEstate #ScugoggRealEstate #MyFallingbrookRealEstate #PringleCreekRealEstate #JimStantonandAssociates #JimStantonRealtor #BungalowDen #BungalowJim #BenStantonRealtor #BrianStantonRealtor #SellwithStanton  #StantonSells 

#HomeValues #soldoverlistprice #Soldoverasking 

Must See! Jeffery built raised bungalow situated on a quiet court in the north of Oshawa’s Deer Valley neighbourhood on the border with the Town of Whitby. 

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905-409-9967

With historically Low-interest Rates and a shortage of Homes Listed For Sale, we are seeing  Home Prices Rise in Durham Reg!on! All this is happening with the current worldwide COVID 19  pandemic, which has changed the way we work and socialize. More businesses have employees working remotely from their homes which is creating an added demand for the supply of homes and even rural homes, lakefront and cottage properties are in hi demand causing a Seller's Market. Areas that have better supply oh housing inventory are areas east and north of the GTA, such as the City of Kawartha Lakes,  Peterborough, Northumberland County, Quite West and the Bellville area. For more information about the current market values and conditions Call or Text us today at 905-409-9967 Office 905-434-2022. Email jimstantonrealtor@gmail.com.