By: Leggett Gemma

TORONTO, ONTARIO, JUNE 3rd, 2022

The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs, with the number of transactions down on a monthly and annual basis. As has been the case with previous rate tightening cycles, some home buyers have moved to the sidelines to determine how they will reposition themselves in the marketplace given the higher rate environment and related impact on affordability.

“Based on the trends observed in the April housing market, it certainly appears that the Bank of Canada is achieving its goal of slowing consumer spending as it fights high inflation. Negotiated mortgage rates rose sharply over the past four weeks, prompting some buyers to delay their purchase. Moving forward, it will be interesting to see the balance the Bank of Canada strikes between combatting inflation versus stunting economic growth and related government revenues as we continue to recover from and pay for pandemic-related programs,” said TRREB President Kevin Crigger.

As I specialize in York Region and Simcoe County, these will be the multiplicities that I will break down for you. 

 

YORK REGION:

Compared to last month, the average sale price in York Region is down 3.99% and the average days on the market has increased to 14 from 12 days.

Overall, this month there were 1,100 sales which is down 10.57% from April when we saw 1,230 sales. 

Year over Year the average sales price increased by +5.80%.  

The number of units sold decreased by almost 50%, when we saw 2192 sales in May 2021, and the number of days on the market increased by a day from 13 to 14 days.



HERE ARE THE STATS PER HOUSING CATEGORY :

We can see the total price has increased Year over Year based on each housing category.





YORK REGION : CITY OVERVIEW

 

One of my Newest and Favourite reports is The City Overview. It gives you a further breakdown on the average sale price for each housing category, for each specific area, and where it stands Month over Month and Year over Year.



Do you have any questions about York Region stats?

Please feel free to send me a message, and I will be Happy to answer any questions you may have!



SIMCOE COUNTY: 

The average sale price in Simcoe county is up 3.71% from last month, and the average days on the market has increased to 15 from 12 days.

Overall, this month there were 230 sales reported by the Toronto Real Estate Board, which is down 4.96% compared to April when we saw 242 sales. 

Year over Year the average sales price increased by +15.71%.  

The number of units sold decreased by just over 45%, when we saw 421 sales in May 2021, and the number of days on the market increased to 15 from 12 days.



 

HERE ARE THE STATS PER HOUSING CATEGORY :

We can see the total price has increased Year over Year based on each housing category.





SIMCOE COUNTY : CITY OVERVIEW

 

Here is a further breakdown on the average sale price for each housing category, for each specific area, and where it stands Month over Month and Year over Year. 



Want to watch the video? 





Do you have any questions about Simcoe County Real Estate stats?

If so, Please feel free to send me a message, and I will be Happy to answer any questions you may have!


And if you are thinking of selling or just don't know where to start, Please reach out to me and I will gladly assist you.

I am Gemma Leggett with RE/MAX Hallmark wishing all the Dad's out there a Happy Father's Day this month!



 



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By: Gemma Leggett

There were 9,097 sales reported through the Toronto Regional Real Estate Board MLS System in February 2022 – which is down -16.76% from February 2021 when there were 10,929. While that might seem like a substantial reduction in sales, February 2022 is the second-best result for this month in history! The economy continues to grow, driving strong demand for houses with a year-over-year reduction in average days on the market in most markets!


As I specialize in York Region and Simcoe County, these will be the multiplicities that I will break down for you. 

 

York Region:

The average sales price is up +4.48% compared to January 2022 but up an enormous +31.62% year over year.

The average days on the market are down -30.77% from January 2022 and down -43.75% year over year.

The number of sales is up +80.54% from January 2022 and down -17.89% year over year.






    


   


















Simcoe County:

The average sales price is down -0.39% compared to January 2022 but up a stunning +36.06% year over year.

The average days on the market are down -38.46% from January 2022 and down 0% year over year.

The number of sales is up +62.03% from January 2022 and down -29.67% year over year.






 





















I specialize in York and Simcoe. However, if you or anyone you know would like to discuss the market or specific neighbourhood, please don't hesitate to contact me anytime.


Your home is one of your biggest assets! Is having a professional by your side important to you? Call ME!

 

Helpful Resources:

 

Subscribe to my YouTube Channel: https://rb.gy/iyxega 

What clients say about Gemma Leggett: https://rb.gy/ikv0do 

Mortgage Payment Calculator: https://rb.gy/fepand 

Receive NEW listings in your inbox: https://rb.gy/49n8bu 

H O M E W O R T H ? https://rb.gy/wks9sq 

Receive SOLD listings in your area: https://rb.gy/n7pne0 

Let's Connect Here:

B L O G https://rb.gy/izzjyp 

F A C E B O O K https://rb.gy/w5uuvx 

I N S T A G R A M https://rb.gy/msmcz5 

L I N K E D I N https://rb.gy/auvxms



...
By: Gemma Leggett

There were 5,636 sales reported through the TRREB MLS System in January 2022 – which is down 18.2% from January 2021 when there were 6,888 sales. 

While that might seem like a substantial reduction in sales, January 2022 is still the second best in history for the month. 

Year over year we saw a significant reduction in the average days on the market in both York Region and Simcoe County, signaling that there is still an incredibly strong demand for home ownership.

 

Here is a glimpse at what The Toronto Real Estate Board REALTORS through TREB’s MLS System has reported in York Region and Simcoe County for the month of January 2022:

 

York Region:

The average sales price is up +6.61% compared to December 2021 but up a whopping +30.03% year over year.

The average days on the market are down -7.14% from December 2021 and down -50.00% year over year

The number of sales are down -12.46% from December 2021 and down -28.57% year over year




 


     


Simcoe County:

The average sales price is up +6.17% compared to December 2021 but up a stunning +43.01% year over year.

The average days on the market are down -27.78% from December 2021 and down -43.48% year over year

The number of sales are down -0.63% from December 2021 and down -21.39% year over year




 





I specialize in York and Simcoe. However, if you or anyone you know would like to discuss the market or specific neighborhood, please don't hesitate to contact me anytime. 


Your home is one of your biggest assets! Is having a professional by your side important to you? Call ME!

 

Helpful Resources:

 

Subscribe to my YouTube Channel: https://rb.gy/iyxega 

What clients say about Gemma Leggett: https://rb.gy/ikv0do 

Mortgage Payment Calculator: https://rb.gy/fepand 

Receive NEW listings in your inbox: https://rb.gy/49n8bu 

H O M E W O R T H ? https://rb.gy/wks9sq 

Receive SOLD listings in your area: https://rb.gy/n7pne0 

Let's Connect Here:

B L O G https://rb.gy/izzjyp 

F A C E B O O K https://rb.gy/w5uuvx 

I N S T A G R A M https://rb.gy/msmcz5 

L I N K E D I N https://rb.gy/auvxms



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