Langstaff Gateway Condos toronto. The year of the epidemic is the year of a big rise in the housing market. It’s time to analyze monthly market data again. Please Visit: the inner chain to Get Your VVIP Registration Today of the real estate page!
The number of transactions rose 25% compared with October last year, and the average transaction price rose 13% from the same period last year. In the mature real estate market, if the price rises by 5%, it is quite good. As a well-known international metropolis, Toronto normally increases by 7-8% a year with the dividend of immigration policy. In 2020, when the epidemic is raging, prices should rise by 10% for the whole year, which is also the result of a rational choice of investors.
In the red box above, the number of sellers has soared; in the blue box, the time of sales has declined, which is the normal performance of the market. The sharp rise in prices stimulates the enthusiasm of sellers to sell houses; the market is hot and the speed of transactions is accelerated.
In the picture above, let’s take a look at the increase in the transaction volume of each room type. All three low-rise housing types are more than 30%. This range can be described as a surge. The transaction volume of high-rise apartments rose only slightly by 2.2%, mainly due to the small Toronto apartment market. Look at the green box, the transaction volume of high-rise apartments in small Toronto fell 8.5% in October from a year earlier, which is the only negative number on this table.