Demystifying Canada’s First Time Home Buyer Incentive (2021)
May 3rd, 2021
May 3rd, 2021
April 1st, 2022
March 29th, 2022
February 1st, 2018
QTR#4 KAREA Market Report is in for 2021, and the numbers don't lie. As suspected the two main standouts on this report are the Avg Sale Price percentages, and the Total Number of Sales. Averagre sale prices are up a staggering +23.51% over 2020, which is incredible growth compoared to the annual 3-5% that we have gotten used to seeing in the last 10 years. Total number of Sales is down -6.57% to an already down year in 2020. Essentially this points to what we all know as a "Sellers Market", where demand far exceeds supply.
Homeowners in the Ontario real estate market have witnessed incredible gains over the last 20 months. After a modest slowdown in the first two months of the global health crisis, many aspects of the Ontario housing sector – particularly detached and semi-detached homes – soared and recorded record highs, from sales activity to price growth. But but has an adjustment phase commenced?
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREAs By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
This website is operated by a brokerage or salesperson who is a member of The Canadian Real Estate Association.
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.