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Entries in Real-estate-market

Lack of supply on spring 2021 market

Good Morning, As a Real Estate professional, I am here to share with you that our market needs supply. Our Industry is considered as essential and this is very much understandable. Everyone needs a roof and even a home where they can live in a secure and comfortable place. Canadians have a pride in ownership and still have this dream if not accomplished yet. Our Industry is organised and agents have to follow the rules and keep clients safe. Every showing is organised in a safe way. Agents have to fill up a form to disclose any suspicion of COVID regarding themselves or their clients before each showing. Wear masks, and use hand sanitizer, wear gloves if asked. In this context, our Real Estate Market continue to rise as buyers remained confident in their employment situations and taking advantage of ultra-low borrowing costs. The historic demand for housing experienced in the second half of last year has carried forward into the first quarter of this year with some similar themes, • including the continued popularity of suburban low-rise properties as in Oakville and Burlington. • It’s also evident that the supply of listings is not keeping up with demand • 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 per cent in all three cases. • In the absence of more inventory, the current relationship between demand and supply will continue in double-digit average home price growth this year. I know that most Buyers and Sellers don’t Buy or Sell because of a Market but because they have a change in their life and their needs are different. If you have a need, or a dream you shouldn’t delay it as this market is not expected to change soon. There is no bubble. Live your life, live your dream and as a professional I am there for you to make that happen, helping you in the different steps to reach the best results.

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Bidding wars in a pandemic

Good Morning, I hope I am finding you strong in this new lockdown period. Despite an unprecedented year due to COVID-19, including necessary public health restrictions and uncertainty surrounding the economy. We experienced new records, in the GTA since January 2019 the average price arrived at $929,699, up 24%, that represents over 7,800 Dollars profit per month! In 2020, after a pronounced dip in market activity between mid-March and the end of May, market conditions improved dramatically in the second half of the year, with multiple consecutive months of record sales and average selling prices. “While the housing market as a whole recovered strongly in 2020, there was a dichotomy between the single-family market segments and the condominium apartment segment. In Oakville and Burlington, the supply of single-family homes remained constrained resulting in strong competition between buyers and double-digit price increases. Detached homes average price from January 2020 to December 2020: Oakville • had an Average Price going from $ 1,368,664 to $1,731,125, • resulting in an increase of 26%. Burlington • had an Average Price going from $ 1,033,960 to $1,358,149 • with a result of +31%. These numbers are the results of the complete lack of supply, nothing sells without multiple offers. The next 12 months will be critical as we hope for a path through recovery. In particular, the impact of resumption in immigration and the re-opening of the economy will be key. Looking forward to keep connected to you and meet again in person very soon. Emmanuelle

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Real Estate Market and trends November 2020

Good Morning, I hope you are able in this challenging time to keep positive. As so many are wondering how is doing the market, I will share with you some economic indicators: • Real GDP Growth Q2 -38.7% • Toronto Employment Growth -6% • Toronto Unemployment Rate 12.8% • Bank of Canada Overnight rate 0.25% • Prime Rate 2.45% Even with these numbers: • Number of Home sales in the GTA) were up again year-over-year for the fourth month in a row. • Competition between buyers of single-family homes, and particularly detached houses, remained strong last month and continued to support double-digit annual rates of price growth in many GTA neighborhoods. • In contrast, condo buyers have benefitted from much more choices compared to last year. Pre-COVID polling had already pointed to an increase in investor selling in 2020. The pandemic only added to this trend. • The MLS® HPI Composite Benchmark was up by 10.8 per cent on a year-over-year basis in October 2020. • The average selling price for all home types combined was $968,318 – up by 13.7 per cent compared to October 2019. • The economic recovery in some sectors coupled with low borrowing costs has kept home purchases top-of-mind for many GTA residents. And what about Oakville? October 2019 October 2020 Active listings 721 563 Sold listings 291 390 Number of days 28 21 on the Market What does these numbers tell us? We can be optimistic of the strength of our Real Estate Market where we experienced that SOLD PRICES never dropped, it has been quite the opposite in fact. The Y.T.D Average Price in Oakville In October 2019 was $ 1,041,146 In October 2020: $ 1,237,974 As a result, it led to an increase of 18.5% in a year. Often many wonders about what if the Real Estate market crashes? Or what if suddenly many can’t pay their mortgages? I have no crystal ball, but I think that no Banks want that to happen and will do anything to avoid that, preferring the option of refinancing their clients with lower interest rates. Another good news for our local real Estate marked is that with the COVID many have been willing to move out from Toronto to get more space at the same price and enjoy our Beautiful Oakville and Burlington.

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A Tough but Temporary Blow to our Housing Market

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Happy 2020, numbers speak by themselves!

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A sales growth of 22%, an insight of your real estate market.

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Real Estate Market, know the numbers

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THE NUMBERS: BUYERS MARKET OR SELLERS MARKET?

What is a Buyer or a Seller’s market?

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Getting the numbers, an inside look at your market

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Housing Market Trends: my answers to your questions

In a time where so many of you wonder how our real estate market is doing, let me share with you data and my thoughts.

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