August Real Estate Market

Friday Sep 03rd, 2021


The August real estate market is officially out 🚨
As the government is keeping an eye of the number of Covid-19 cases and people are getting their vaccine, the housing market is very strong! The number of new listing right now is 10,609 compare to last year of 18,599. This is a sign that there is a slight shift of the supply as there is a lot of demand for homes and drop significantly. The number of home that got sold is 8596 compare to 10738 that is like a 19.9% drop. The average price for the GTA is close to $1.08 million which the condo market is picking up. The property on the market is 21 days meaning the home is getting sold.
There will be a change to the housing market in term of the new policies like no foreigners buyers, no blind bidding and no flipper, but these are still getting finalize.
Call me today 647-922-9032 to get an opinion from me in terms of the real estate market.
Vinson Li - Real Estate Agent/Mortgage Agent
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