Happy Easter!

Toronto Market Update

We have all endured a tough winter but thankfully spring is here! This is a time of renewal, when we all get to feel that sense of energy and optimism as the days grow longer. That feeling can be especially strong if you're in the midst of making big changes in your life or, like many of us, anticipating the upcoming widespread rollout of vaccines.

For the real estate market in Toronto, it’s been a year of change and strong growth with no clear sign of slowing down. The Real Estate Market has been on fire in 2021! We are seeing a major shortage of supply hitting the market which in turn has caused a buyer frenzy, inflating the prices up faster than we have ever seen before. GTA Realtors® reported 10,970 sales through TRREB’s MLS® System in February 2021 – a 52.5% increase compared to 7,193 sales reported in February 2020.

Looking at all areas of the GTA combined, the condominium apartment segment led the way with a 64% sales increase compared to last year, with similar rates of increase in the ‘416’ and ‘905’ area codes.

With multiple buyers continuing to compete for available listings, double-digit annual price growth was the norm throughout the GTA, with stronger rates of growth in the suburbs surrounding the City of Toronto. In total, the average selling price was up by 14.9% year-over-year to $1,045,488.

While market conditions were tight throughout the GTA region in February, the detached, semi-detached, and townhouse market segments in suburban areas were the drivers of average price growth, with annual rates of increase above 20% in all three cases.

Check out some of our recent sales in 2021!

Featured Local Business : Divine Alignment

This past year has been very difficult for many of us. Covid-19 has been challenging on several aspects of our lives whether it be physically, mentally or financially. Jessica Szep is a kundalini yoga teacher that specialises in breath work, meditation and counselling. In addition, she provides Reiki and counselling sessions and is located in the West end. Jessica is teaching people to use certain tools and techniques to help cope with these stressful times. She is providing complementary classes to assist in managing stress, anxiety and addiction during the Covid-19 pandemic. Jessica's generosity to help those in need has not gone unnoticed! Try one of her classes every Wednesday via zoom at 7:30pm. You can access all her information by checking out her instagram account @divinealignment11 or sending her an email to divinealignment.therapy@gmail.com.

Thank you for your continued support and trust in my services. As always, I appreciate all intros to both friends and family as I'm never too busy to provide honest, dedicated service.

Sincerely,

Ashleigh Thibideau