The average price of a home in Toronto is up more than 20% since last year! 😮

Dear <<First Name>>,

Toronto's real estate market continues to rebound (and then some) from the impacts of COVID-19, which saw sales numbers plummet this spring as emergency lockdown orders spooked buyers and sellers alike.

Now that pandemic-mandated restrictions have lifted to the point where people can not only visit open houses, but are settling into a "new normal" that involves working from home, demand is skyrocketing — particularly for actual houses, with multiple rooms and space to grow, as opposed to condo units.

New data released this morning by the Toronto Regional Real Estate Board (TRREB) shows that residential sales were up a whopping 40.3 per cent last month compared to August of 2019.

With 10,775 transactions recorded through MLS in the Greater Toronto Area, this marks a new record number of sales for the month of August.

"Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding GTA regions," wrote TRREB in a release announcing its most-recent resale housing report on Thursday.

"It should be noted that the low-rise market segments, including detached and semi-detached houses and townhouses, were the drivers of sales growth. Condominium apartment sales were up on an annual basis for the second straight month but to a lesser degree."

New listings were also up quite a bit over the same period of time — 56.8 per cent, year-over-year — but pent-up demand still continued to overwhelm supply.

Prices thus continued to rise even higher than what we saw during the pandemic when listings and sales figures both dried up. As of August 2020, the overall average selling price for a home in the GTA was $951,404 — an increase of 20.1 per cent since August of 2019.

The average price for a detached home within the City of Toronto, specifically, was $1,505,100 in August with 1,099 of such properties sold.

"Generally speaking, market conditions remained very tight in the GTA resale market in August," says TRREB's Chief Market Analyst Jason Mercer.

"Competition between buyers was especially strong for low-rise home types, leading to robust annual rates of price growth."

Source BlogTO
Link to article

Exclusive Listings!
150 Little Creek Road Mississauga
Stunning! Luxurious Large Unit,Show 10++ Side By Side Two (2) Car Garage, Executive Marquee Townhomes On The Park, High Demand Neighbor,4 Bdrm, Approx 2 Year New

Modern Open Concept W/Fl To Ceiling Windows & 9' Smooth Ceiling,Hardwood Fl Thru-Out. Inside Access To Garage,Modern Kitchen W/Granite Countertop & Lots Of Cabinets.Large Terrace W/ Bq Hookup. Masterbdrm 5 Pc Ensuite W/Dbl Vanity & Spa Like Shower.Great Amenities W/Pool,Gym,Close To Sq1 & Shop

For more info please contact
Robert or Waleed
Garner Rd Niagara Falls

65x165ft lot

Built in 1951

1253 sq ft according to MPAC (house has more than one structure)

It is on municipal water, sewer

For more info please contact
Robert or Waleed
Brightwater Launching Very Soon!
Floor plans & Pricing coming soon!
Please sign up to be the first to receive VIP Pricing!

Brightwater is a new waterfront community complete with central amenities, destination retail and restaurants, an elementary school and community centre, 18 acres of parks and outdoor gathering spaces, bike share programs, and a holistic lifestyle vision unique to the community.
To Learn More Click Here!
Condominiums at Square One District

The exciting place to live in Canada’s largest community development right in the heart of the vibrant Mississauga City Centre. This 130-acre master-planned, mixed-use community will offer both condominium home ownership and rental residences with every imaginable neighbourhood convenience nearby. 

The Condominiums at Square One District feature studio to two bedroom plus den suites, designed for urban living. The best-in-class amenities will include a half-court gym, fitness zone, climbing wall, entertaining areas, gardening plots, kids’ zone for children of all ages, and a co-working zone – the perfect place to work from home. Your new home is where living, working, public space, culture and, of course, shopping will be eclectically combined, connecting you to everything you’ve ever dreamed of! 

Your perfect lifestyle awaits!

Affordable deposit structure!

$7,000 on Signing

Balance to 5% in 30 days

The gradual deposit payment plan begins 90 days after you sign.

1% of the purchase price in 90 days

1% of the purchase price in 120 days

1% of the purchase price in 150 days

1% of the purchase price in 180 days

1% of the purchase price in 210 days

5% in 500 days

5% at occupancy (Fall 2024)


Studio - from $410,900

One Bedroom - from $477,900

One Bedroom + Den - from $566,900

Two Bedrooms - from $609,900

For more info please contact
Robert or Waleed

Mortgage Rates at all time low!

Contact Robert Piperni Now!
Apply for your dream home online now! Click Here to apply!
Facebook Facebook
Twitter Twitter
Instagram Instagram
Website Website
Robert Piperni
Real Estate Broker
Cell - 647-708-9474
Waleed Elsayed
Sales Representative
Cell - 647-885-5537
Copyright © 2020 Shoreview Real Estate Team, All rights reserved.

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.