Yorkwoods condos . September 2021 real estate report. Sales, average selling prices and listings rise every year after Canada’s International Labour Day, and September 2021 is no exception.
Sales rose in September compared with August, the third highest since records began in September. The average selling price also rose month-on-month and year-on-year.
The MLS system reported 9046 real estate transactions in September 2021, with market conditions significantly tightening compared with last year, with a significant increase in sales and a significant decrease in the number of new listings.
Total sales in the real estate market fell 18 per cent compared with a record September in 2020, which the real estate bureau attributed mainly to a decline in the number of new listings, which were 34 per cent lower than in the same period last year.
TRREB president Kevin Krieger (Kevin Crigger) said, “September demand is very strong, many qualified buyers if they can find a suitable property, they will buy a house the next day.” Compared with last year, the number of new homes in September decreased by 1/3. For many people, buying a house is easier said than done. The lack of housing supply and choice has reached a critical moment. ”
Data show that in September 2021, the composite benchmark of the MLS home price index rose 19.1 per cent from a year earlier. The average selling price of all housing types rose 18.3 per cent year-on-year to $1136280.
Jason Mercer, chief market analyst at TRREB, said: “Price growth in September continued to be driven by lower market segments, including freestanding, semi-detached homes and townhouses. At the same time, competition among buyers of apartments has intensified significantly, causing price increases to accelerate over the past few months as first-time buyers re-enter the market. ”
Below we look at the direction of real estate development from the perspective of housing types and regions.