JANUARY 2021 MARKET WATCH

Sale in the GTA were up by just over 50% in January compared to January of 2020. New listings were up by 20% year over year so a shortage of inventory persists, though not quite as dire as December. This demand has contributed to a steady increase in prices.

CLICK HERE TO READ FULL JANUARY 2021 REPORT...

DECEMBER 2020 MARKET WATCH

The numbers have been tallied and December sales led the year to the 3rd best result on record, with just over 95,000 homes changing hands during a pandemic. It’s easy to see why Realtors were declared an essential service from the beginning of this pandemic. Right across the GTA, sales were up 8.4% over 2019.

CLICK HERE TO READ FULL DECEMBER 2020 REPORT...

NOVEMBER 2020 MARKET WATCH

Durham Region continued to out-perform in November, posting a 24.8% increase in sales over November of 2019. For the sake of nostalgia, November 2019 posted as 14.2% sales increase over that same month in 2018. The trend has been going in the same direction for several years now, even during a pandemic and time-period of limited immigration. That is predicted to change next year when, at some point and when it’s safe again, the immigration floodgates will open. Durham Region will remain a popular destination for new home-owners.

CLICK HERE TO READ FULL NOVEMBER 2020 REPORT...

OCTOBER 2020 MARKET WATCH

Strong Housing Demand Continues in Durham Region. The Conference Board of Canada expects the Oshawa Census Metropolitan Area (Whitby, Oshawa & Clarington) to post a healthy 5.8% advance in GDP in 2021, fuelled by strong housing growth. The October sales continue to show strong demand for housing throughout our Region.

CLICK HERE TO READ FULL OCTOBER 2020 REPORT...


SEPTEMBER 2020 MARKET WATCH
September lands in the record books! The Toronto Region Real Estate Board Tabulated 11,083 sales; a new record for the month and an increase of 42.3% over September 2019!
CLICK HERE TO READ FULL SEPTEMBER 2020 REPORT...

 
AUGUST 2020 MARKET WATCH
The housing frenzy in Durham Region continued right through August. Will the Fall Market start to show signs of easing or will the pace continue unabated? It’s anybody’s guess, really...
CLICK HERE TO READ FULL AUGUST 2020 REPORT...

 
JULY 2020 MARKET WATCH
COVID Contributes to a Record-Setting July Real Estate Market! Normally sales dip in July as families head off on summer vacations with the kids out of school. It can get pretty sleepy some years but not this year! The market has gone bananas in July, 2020...
CLICK HERE TO READ FULL JULY 2020 REPORT...

 
JUNE 2020 MARKET WATCH


The June housing market in Durham Region and across the GTA showed substantial muscle, both over the previous month of May and the same time period one year ago in June of 2019...
CLICK HERE TO READ FULL JUNE 2020 REPORT...
 

MAY 2020 MARKET WATCH


Sales in May across Durham Region reflected a 34.5% decrease over May of last year which is the story we’re now all familiar with. Volume is down significantly because of COVID-19 however if you drill down further you’ll see there are some interesting numbers coming out of our May performance. Let us explain...
CLICK HERE TO READ FULL MAY 2020 REPORT...

APRIL 2020 MARKET WATCH


Average Sale Price remained unchanged for Durham Region in April from the same period a year ago. That’s the silver lining for this report! The price was $612,563.
From there the numbers go negative. When the Government mandates people to stay home, you can expect downward results so this is no surprise! At some future point, those numbers will rise again. When that will be, absolutely nobody can predict. Yet in spite of the stay at home orders, real estate was mandated an essential service and in April 513 properties changed hands in Durham Region. That number represented a 52% decline from April 2019 when 1,075 properties were sold.

CLICK HERE TO READ FULL APRIL 2020 REPORT...

MARCH 2020 MARKET WATCH


As you can imagine, March was a month of ups and downs. The market-leading into March and through the first half was on fire. In Durham Region the Average Sale to List Price was a whopping 102%. Average Listing Days On Market was under two weeks at 13 days. The Sold to New Listing Ratio was firmly in Seller’s market territory at 60% in most places across the Region. The number of sales for the month as a whole came in at 1,101, a steep 31% increase over March of 2019. Average Sold Price was also up 8.5% year over year. The real estate market was firing on all 12 cylinders. Then, of course, COVID-19.
CLICK HERE TO READ FULL MARCH 2020 REPORT...

FEBRUARY 2020 MARKET WATCH


The Durham Region real estate market took another bounce in February with an increase in sales of a whopping 52% over the same month last year. For the same time period, Active Listings in the Region were down 31%! It’s easy to see what led to a substantial 13% increase in the Average Sale Price from February 2019 to February 2020.
CLICK HERE TO READ FULL FEBRUARY 2020 REPORT...

JANUARY 2020 MARKET WATCH


January Market Leaps Out Of The Gate:
The January, pre-Spring market is picking right up where the strong surge in Q4 2019 left off. Home sales through the TREB MLS system were up a resounding 15.4% over January, 2019 and increased 4.8% over this past December.
Tight inventory conditions continue to push prices up in Durham Region. With only 905 Active Listings in the Region, multiple offers prevail in the entry-level price range. Average Sale price in the Region increased by 13.5% over January, 2019 while the Average  Sale Price across the GTA was up by 12.3%, showing the strength of the Durham Region market.

CLICK HERE TO READ FULL JANUARY 2020 REPORT...

DECEMBER 2019 MARKET WATCH

Real Estate Stats showed a strong performance to end the 2019 market year in Durham Region and a stark contrast to what we saw in December of 2018.
Over that time period, sales were up 16% in December 2019 compared to December, 2018 and the Average Sale Price was up by 9% to $640,269.00. Number of units sold in December increased from 446 units in Dec., 2018 to 518 units last month.
Over that time period, sales were up 16% in December 2019 compared to December, 2018 and the Average Sale Price was up by 9% to $640,269.00. Number of units sold in December increased from 446 units in Dec., 2018 to 518 units last month.
CLICK HERE TO READ FULL DECEMBER 2019 REPORT....

 

NOVEMBER 2019 MARKET WATCH
 

What a busy fall market its been and we continue to feel it into December. The decorations are still boxed away, the tree’s not up and shopping is a mere concept at this point! Even though this report reflects November’s activity, December continues to be a busy market. We’ve always said December/January represent the best time to buy a home. It seems Canadians are starting to listen!

CLICK HERE TO READ FULL NOVEMBER 2019 REPORT....

1 Message Us On Facebook Message us on Facebook!
close