194 Kelso Cres, Vaughan
Despite a record low inventory of homes available for sale in Toronto, the level of sales reached the second-highest level on record for the month of October. 9,783 homes sold in October, surprising many, not that the demand was so high, but that the demand was met to so great a degree. With the listing inventory remaining so low, prices had nowhere to go but up. Since the start of the year prices on average have increased by 17% and increased 19.3% over October of 2020. With only 7,750 homes available for sale as of the end of October, November should see a continued increase of multiple offers and price increases.
Prices increased across all major home types compared to last year. The annual rate of average price growth remained in the double digits, including the 416-area code condominium apartment segment, which was lagging in comparison, but is slowly making its way back.
The only sustainable way to address housing affordability in the GTA is to deal with the persistent mismatch between demand and supply. Demand isn’t going away. And that’s why all three levels of government need to focus on supply. I ask you to get involved. Please let our politicians know how you feel and keep housing affordable for all Canadians. https://bringaffordabilityhome.com
Despite the lack of inventory, with 1.2 million new immigrants coming to Canada over the next three years, today represents an excellent time to upgrade your home or purchase an investment property for you and your family's future.
Please give me a call. I would be pleased to discuss the market and the opportunities that exist in it. And let me assure you that opportunities do exist! You just need someone with my experience that can help you and your family achieve your goals.
Have a great November!
儘管多倫多的待售房屋庫存創歷史新低，但 10 月份的銷售水平達到了有記錄以來的第二高水平。10 月份售出 9,783 間房屋，出乎意料之外的原因並不是因為需求如此之高，而是需求已達到如此龐大的程度。由於掛牌存量仍然低迷，價格只能繼續上漲。自年初以來，平均價格上漲了 17%，相比 2020 年 10 月上漲了 19.3%。截至 10 月底，只有 7,750間房屋可供出售，11 月我們應該會繼續看到multiple offers以及價格上漲的持續增加。
儘管庫存不足，但未來三年將有 120 萬新移民來到加拿大，今天是升級房屋或為您和家人的未來購買/投資房產的絕佳時機。