11,083 – that’s the number of real estate sales were achieved for September 2020 – a new record for the month of September. The numbers are up by 42.3% vs. September 2019. And, even more amazingly, sales through the first nine months of 2020 are up by approximately 1% compared to the same period in 2019 – and that includes living through 6-months of a global pandemic. EXTRAORDINARY! Here are more stats on the various key Districts which make up Central Toronto:
THE TORONTO REAL ESTATE MARKET DEFIES COVID-19 AND MAKES AN UNPRECEDENTED COME-BACK, BUT IS IT SUSTAINABLE?
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MOVING DURING THE CORONAVIRUS PANDEMIC
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SETTING RECORDS
“…Greater Toronto Area REALTORS® reported 4,581 home sales through TRREB’s MLS® System in January 2020 – up by 15.4 per cent compared to January 2019. On a preliminary seasonally adjusted basis, sales were up by 4.8 per cent compared to December 2019.”
TORONTO REAL ESTATE BOARD’S DECEMBER 2019 & YEAR END STATISTICS
“We certainly saw a recovery in sales activity in 2019, particularly in the second half of the year. As anticipated, many home buyers who were initially on the sidelines moved back into the market place starting in the spring. Buyer confidence was buoyed by a strong regional economy and declining contract mortgage rates over the course of the year”
WISHING YOU PEACE, LOVE, AND JOY THIS HANUKKAH SEASON!
Known as the Festival of Lights, Hanukkah celebrates the re-dedication of the Second Temple in Jerusalem during the second century B.C. The event occurred when Jews rose up against Greek-Syrian rulers in the Maccabean Revolt and drove them out of Jerusalem, according to the History Channel.
To mark their victory, Jews wanted to reclaim the temple and light its menorah, but only found enough pure olive oil for one day, according to Chabad.org. That one-day supply lasted eight and is considered a miracle in Jewish faith.
Every year, Hanukkah begins on 25th day of Kislev, a month in the Hebrew calendar. It lasts eight nights (yes, because of the oil) and this year it’s from Dec. 22-30.
THE RETURN
According to recent market data, it seems that the domination enjoyed by condos has started to ease and detached homes have once again begun to rally not in terms of sales, but also in terms of rising prices.
TREB RELEASES SEPTEMBER 2019 SALES DATA
Greater Toronto Area REALTORS® reported 7,825 sales through TREB’s MLS® System in September 2019. This result represented strong year-over-year sales growth of 22 per cent compared to 6,414 sales reported in September 2018.
TORONTO AUGUST 2019 SALES ARE UP!
“Toronto Area REALTORS® reported 7,711 residential sales through TREB’s MLS® System in August 2019. This result represented a 13.4 per cent increase compared to 6,797 sales reported in August 2018.”