President's Award 2016-2020
•January 2021 home sales amounted to 6,928 – up by more than +50% compared to January 2020. This strong start to 2021 included sales growth across all major segments including condominium apartments, both in the City of Toronto and surrounding GTA regions.
• New listings were also up on a year-over-year basis in January, but not by the same annual rate as sales. This means market conditions tightened compared to January 2020, resulting in the continuation of double-digit growth in the MLS® Home Price Index and the average selling price.
• The average selling price for January 2021 was up by +15.5% to $967,885 year-over-year. The MLS® HPI Composite Benchmark was up by +11.9% over the same period.
• Price growth was driven by the low-rise market segments, while the average condo apartment price was down in Toronto. However, if we continue to see if we continue to see condo sales growth outstrip condo listings growth, we could start to renewed growth in condo prices later this year.
As a realtor, it is our fiduciary duty to protect the interests of my clients. One of which that I often do is to find out the possible grow-op history of the house that my clients are interested to purchase. This is by far one of the biggest concerns that most home buyers have. I want to share the below links with you to help you to identify a grow-op and the locations of those published grow-op online. If you like the info., please share with your friends and families.
As a realtor, we may refuse to answer this question because it is difficult to fulfill the answers for different buyers. But we must be fair, honest and maintain our intergrity if we choose to answer the concern from buyers. Click here to find out how we can help to address your concerns.