ANDRE  STERNICZUK

ANDRE STERNICZUK

Sales Representative

Royal LePage Realty Centre, Brokerage *

Office:
905-279-8300
Email Me

July 2021 Real Estate Market Update

Hello! Here is the July 2021 real estate market update

Mississauga and GTA real estate market in June 2021 was quite active. 

Number of sales remained high and it was 28.5%! higher than in June 2020. 

The average home price increased by 17%! comparing to June 2020.

Sales were higher in all categories.The biggest jump (+78.4%!!!) in sales was in condo apartments category, in 905 area.

 

Please have a look below

Source: Market Watch, TRREB

The number of sales in Mississauga and GTA continued to be very high. The average home price increased by 17%! comparing to June of last year, and in terms of dollars it was over $158,000 higher!! The average home price, comparing to previous month went down by almost $19,000.

Please have a look below.

Source: Market Watch, TRREB

It looks like, despite COVID-19, the real estate market is very strong. The mortgage interst rates remain historically low!

 

~                    T h i s   M o n t h                    ~

 

  • Mississauga & GTA Real Estate Market Watch
  • Current Interest Rates

 

GTA Realtors® Release June 2021 Stats

 

TORONTO, ONTARIO, July 6, 2021 – June home sales were up compared to last year, but remained below the March 2021 peak and were lower than the number of transactions reported for May 2021, consistent with the regular seasonal trend. The average selling price in June increased by double digits compared to last year as well, but the annual rate of increase moderated compared to the previous three months.

Greater Toronto Area REALTORS  reported 11,106 sales through TRREB’s MLS  System in June 2021 – up by 28.5 per cent compared to June 2020. Looking at the GTA as a whole, year-over-year sales growth was strongest in the condominium apartment segment, both in the City of Toronto and some of the surrounding suburbs. On a monthover-month basis, both actual and seasonally adjusted sales continued to trend lower in June.

“We have seen market activity transition from a record pace to a robust pace over the last three months. While this could provide some relief for home buyers in the near term, a resumption of population growth based on immigration is only months away. While the primary focus of policymakers has been artificially curbing demand, the only longterm solution to affordability is increasing supply to accommodate perpetual housing needs in a growing region,” said TRREB President Kevin Crigger.

In all major market segments, year-over-year growth in sales well outpaced growth in new listings over the same period, pointing to the continuation of tight market conditions characterized by competition between buyers and strong price growth. On a month-over-month basis, both actual and seasonally adjusted average prices edged lower in June.

The June 2021 MLS  Home Price Index composite benchmark was up by 19.9 per cent year over year. The average selling price for all home types combined was up by 17 per cent over the same time period to $1,089,536. While price growth continued to be driven by the low-rise segments of the market, it is important to note that the average condominium apartment price was up by more than eight per cent compared to June 2020, well outstripping inflation.

Source: Market Watch, TRREB

 

Mississauga  & GTA Home Sales

June 2020 - June 2021 Comparison

  

Average home price was up by over $158,000!!!, number of sales was up by almost 2,500 units, time to sell a home was 9 days shorter.

Mississauga & GTA Home Sales

 

May 2021 - June 2021 Comparison

 

  

Average home price was higher by almost $19,000, number of home sales was lower by over 800 units, time to sell was longer by 2 days.

Current Interest Rates

 

Rates quoted by Invis Canada are subject to change upor down↓ without notice.

 

Quote of the Month

Life is change. Growth is optional. Choose wisely.

                                                                                                  ~ Karen Kaiser Clark ~           

 

Sales and Average Price Up in Calendar Year 2013

January 6, 2014 – Greater Toronto Area REALTORS® reported 4,078 residential

transactions through the TorontoMLS system in December 2013 – up by almost 14 per cent

compared to 3,582 sales reported in December 2012. New listings entered into the

TorontoMLS system were down by almost four per cent over the same period.

Total sales for calendar year 2013, at 87,111, were up by approximately two per cent

compared to 85,496 transactions in calendar year 2012.

“After a slow start to the year, sales growth accelerated to a brisk pace in the second half

of 2013. Despite the inclement weather in December, we finished the year with a

respectable gain in transactions compared to 2012. Looking forward, I believe that home

ownership in the GTA will remain affordable as borrowing costs stay low. The result could

be a further increase in sales in 2014,” said Toronto Real Estate Board President Dianne

Usher.

“The average selling price will be up again in 2014 and by more than the rate of inflation.

The seller’s market conditions that drove price growth in the second half of 2013 will

remain in place in many parts of the GTA. Some neighbourhoods, especially those

characterized by low-rise home types like singles, semis and townhomes, will continue to

have less than two months of inventory,” said Jason Mercer, TREB’s Senior Manager of

Market Analysis.

The average selling price for December 2013 sales was $520,398 – up by 8.9 per cent

compared to the average of $477,756 in December 2012.

The average selling price for 2013 as a whole was $523,036, which represented an increase

of 5.2 per cent compared to the calendar year 2012 average of $497,130.

Have Questions?

By submitting this form, you are providing express consent to receive commercial electronic messages from www.buyorsellwell.com. You may unsubscribe at any time.