GTA REALTORS® Release October 2021 Stats

Wednesday Nov 3rd, 2021

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Home sales in the Greater Toronto Area (GTA) reached the second-highest level on record for the month of October. However, the inventory of homes for sale did not keep up with demand. The number of new listings was down by approximately one-third compared to October 2020. Market conditions tightened across all major home types compared to last year, and the annual rate of average price growth remained in the double digits, including for the resurgent condominium apartment segment. “The... [read more]

Thanks, Mom: Over $10 billion gifted to home buyers over last year

Wednesday Nov 3rd, 2021

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  MARKET NEWS: Michelle McNally Oct 25, 2021 Photo: James Bombales Amidst rising prices and dwindling inventory, it’s no secret that buying a home in Canada has become increasingly difficult, particularly for first-time buyers looking to get their foot on the property ladder. Hoping to help their loved ones set down roots in a home of their own, parents and family members have been known to contribute to the sizable down payment required for a property... [read more]

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