AFFORDABILITY in housing and not sale numbers has taken over the real estate discussion for most people with the politicians jumping on board. For 2021 year-to-date, the number of sales under $600,00 was 13,049 units or 15% of total sales on TRREB. In 2020 to the end of August, the numbers were 13,437 and 23%. While the drop-in units sold was just 3%, for the same period, year-to-date sales for the total market from 2020 to 2021 were up by 52%! When you look at the sales-to-new listing ratio, prices can only go up from here. Currently, we are at a decade-old low for listings!Continue reading “SEPTEMBER MARKET REPORT”
I recently discussed the current state of the Toronto real estate market with the Canadian Press.
Below is a snippet from the article
Continue reading “Greater Toronto Area home sales down 69 per cent mid-way through April”
While the price drop was moderate, it’s significant compared with recent price gains, said Stephen Glaysher, a realtor who runs a site called MLS Sold Data.
Good morning and hope this finds everyone in good health and spirits!
Our society’s obvious need to practice social distancing at this time has presented some significant challenges and in my efforts to keep everyone up to date as to how it relates to the greater Toronto real estate market please find below my second installment of an ongoing weekly Covid-19 impact update!
Our recent feature in the Globe and Mail.
The Real Estate Council of Ontario, which regulates the Realtor profession, said in an update Monday that it also recommends an end to open houses, except when “absolutely necessary,” but has stopped short of banning them.
Continue reading “Toronto, Ontario and Vancouver real estate boards urge suspension of open houses due to coronavirus outbreak”
Stephen Glaysher, a Realtor with Re/Max Urban Toronto, said in a note that he had already noticed a “significant downturn” in activity for the Toronto region in recent days, based on MLS data.
Keeping you informed to current Toronto real estate market conditions and the covid-19 pandemic impact
We have noticed a significant downturn!
March 1- 19
Overall sales 5221 in 2020 vs. 4265 in 2019
Condo sales in the downtown core (C01+C08) 323 in 2020 vs. 305 in 2019
Overall sales 658 in 20202 vs. 782 in 2019
Condo sales in the downtown core (C01+C08) 38 vs. 55 in 2019
Continue reading “In the News”
Stephen Glaysher, who’s worked as a downtown Toronto realtor for 18 years, set up a site called MLS Sold Data as a resource for current and potential clients to boost transparency and trust.
He said he’s long been an advocate of more disclosure on sale prices, in part to keep his own industry in check.
“I see a lot of unethical business practices with real estate agents,” said Glaysher.