“…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.”
TORONTO REAL ESTATE BOARD’s CONDO REPORT for 2nd Quarter 2019
“The condominium apartment rental market also remained quite tight in the second quarter, with average rents for one-bedroom and two-bedroom apartments increasing above the rate of inflation on a year-over-year basis. However, we have seen an acceleration in the number of units listed for rent, which has provided renters with more choice in the market place and has coincided with a slower pace of average rent growth over the past year,” said Jason Mercer, TREB’s Chief Market Analyst.
TORONTO REAL ESTATE SALES
JUNE 2019 GTA REALTORS® Release June 2019 Stats The new President of the Toronto Real Estate Board, Michael Collins, announced that Greater Toronto Area REALTORS® reported 8,860 sales through TREB’s MLS® System in June 2019, representing a 10.4 per cent increase compared to June 2018. Over the same time period, total new listings remained at…
TORONTO’S BEST NEW RESTAURANTS FOR 2019
Here are just a few of the publishers who’ve put out 2019 Best Restaurant lists for Toronto restaurants along with their list and their #1 pick. TORONTO LIFE: the list #1 = Kōjin NOW TORONTO: the list #1 = DONNA’s NARCITY: the list #1 =…