by Mahmud Naqvi | Feb 1, 2021 | Market Update
Unprecedented activity in December 2020 saw home prices go 10%-40% higher in GTA cities. Most cities had double digit gains with King city leading the pack with 42% gain year over year. Toronto core had a drop in prices reflecting the consumer behaviour of moving out...
by Mahmud Naqvi | Jan 12, 2021 | Market Update
The Greater Toronto Area housing market followed an unfamiliar path in 2020. Following the steep COVID-induced drop-off in demand during the spring, home sales roared back to record levels throughout the summer and fall. A strong economic rebound in many sectors of...
by Mahmud Naqvi | Dec 4, 2020 | Market Update
Since the onset of the pandemic, the median price of a luxury house in the City of Toronto has risen 5.4 per cent year-over-year to $3,187,500, while the median price of a luxury condominium dipped 1.6 per cent year-over-year to $1,870,000. During the same period, the...
by Mahmud Naqvi | Nov 9, 2020 | Market Update
Competition between buyers of single-family homes, and particularly detached houses, remained strong last month and continued to support double-digit annual rates of price growth in many GTA neighborhoods. In contrast, condo buyers have benefitted from much more...
by Mahmud Naqvi | Oct 7, 2020 | Market Update
Housing market continued to be stronger in September as in “normal” yearly activities. This year however because of the covid related pileup in summer, the sales activity gathered more pace than previous years. Year-over-year transactions were up 42.3%...
by Mahmud Naqvi | Sep 3, 2020 | Market Update
A gradually improving labour market and historically low mortgage rates are expected to support a recovery in home sales in the second half of 2020 along with sustained year-over-year price growth. Given that home sales result in substantial spin-off expenditure in...
