[๐—ฉ๐—ถ๐—ฑ๐—ฒ๐—ผ ๐—•๐—ฒ๐—น๐—ผ๐˜„] Week 34! 

๐—จ๐—ฟ๐—ฏ๐—ฎ๐—ป

Houses continue to do well but not as well as at the end of August or early to mid Sept. Prices remain high but many urban communities have a lot more for buyers to choose from so a little bit more breathing room there. Sales increased and the number of new listings dropped so we can expect to close the end of the year out pretty strong for houses. Condos came in strong this week with 140 sales…havenโ€™t seen a number that high since Week 24 and before that weekly sales were in the 170โ€™s. Sales are up and new listings are flat but prices continue to fall here. Some more room to drop till the end of the year.. 

๐Ÿ  ๐—›๐—ผ๐˜‚๐˜€๐—ฒ๐˜€ 

๐Ÿ“ˆHouse Average Price: $1,390,538
๐Ÿ“ˆHouse Median Price: $1,225,000
๐Ÿ“ˆ680 Active Listing
๐Ÿ“ˆ111 Firm Sales This Week
๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.85
๐Ÿ“ˆAverage Days on Market ~7 DoM

๐Ÿข๐—–๐—ผ๐—ป๐—ฑ๐—ผ๐˜€ 

๐Ÿ“ˆCondo Average Price: $763,857
๐Ÿ“ˆCondo Median Price: $650,000
๐Ÿ“ˆ3358 Active Listings
๐Ÿ“ˆ141 Firm Sales This Week
๐Ÿ“ˆMoI ~ 5.23
๐Ÿ“ˆAverage Days on Market (DOM) ~ 22.57

๐—จ๐—ฟ๐—ฏ๐—ฎ๐—ป ๐—ก๐—ผ๐—ฟ๐˜๐—ต: ๐—ฅ๐—ผ๐˜€๐—ฒ๐—ฑ๐—ฎ๐—น๐—ฒ, ๐——๐—ฒ๐—ฒ๐—ฟ ๐—ฃ๐—ฎ๐—ฟ๐—ธ, ๐— ๐—ผ๐—ผ๐—ฟ๐—ฒ ๐—ฃ๐—ฎ๐—ฟ๐—ธ, ๐—™๐—ผ๐—ฟ๐—ฒ๐˜€๐˜ ๐—›๐—ถ๐—น๐—น, & ๐—Ÿ๐—ฎ๐˜„๐—ฟ๐—ฒ๐—ป๐—ฐ๐—ฒ ๐—ฃ๐—ฎ๐—ฟ๐—ธ

Houses here continue to perform well with sales up to $9m sold in less than a month. Loads of competition in the sub $3m market with some flexibility for Buyers $3m to $10m. As in previous weeks, no major changes in condos here. Still chugging along as theyโ€™ve always been but some are taking a bit longer to sell than pre-covid. 

๐Ÿ“ˆHouse Average Price: $3,116,164
๐Ÿ“ˆHouse Median Price: $2,638,000
๐Ÿ“ˆ213 Active Listings
๐Ÿ“ˆ22 Firm Sales This Week
๐Ÿ“ˆMonths of Inventory (MoI) ~ 3.6

๐Ÿข๐—–๐—ผ๐—ป๐—ฑ๐—ผ๐˜€ 

๐Ÿ“‰Condo Average Price: $990,650
๐Ÿ“‰Condo Median Price: $916,250
๐Ÿ“‰358 Active Listings
๐Ÿ“‰10 Firm Sales This Week
๐Ÿ“‰MoI ~ 7.12

๐—Ÿ๐—ฒ๐—ฎ๐˜€๐—ถ๐—ฑ๐—ฒ & ๐——๐—ฎ๐˜ƒ๐—ถ๐˜€๐˜ƒ๐—ถ๐—น๐—น๐—ฒ

Steady steady steady here with no breaking news or anything to be concerned about really. Houses are strong and should continue to perform well. Great schools and transit access along with top shelf parks and local amenities keep the buyer pipeline consistently full here. Condos continue to drop here as with everywhere else. International students love this are as many of the largest language schools are around here so once the borders open up again we should see a significant increase in condo prices here. 

๐Ÿ“ˆHouse Average Price: $1,809,740
๐Ÿ“ˆHouse Median Price: $1,860,177 
๐Ÿ“ˆ64 Active Listings 
๐Ÿ“ˆ14 Firm Sales This Week 
๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.75 

๐Ÿข๐—–๐—ผ๐—ป๐—ฑ๐—ผ๐˜€

๐Ÿ“‰Condo Average Price: $809,533
๐Ÿ“‰Condo Median Price: $782,000
๐Ÿ“‰252 Active Listings
๐Ÿ“‰15 Firm Sales This Week
๐Ÿ“‰MoI ~ 4.93

๐—•๐—ถ๐—ฟ๐—ฐ๐—ต ๐—–๐—น๐—ถ๐—ณ๐—ณ

Average price and median dipped under a million here for the 2nd time since April but nothing to worry about here as every few weeks we have a few more โ€œland valueโ€ sales go down that drop the average price. Newly built and renovated homes here are still trading ~$2m give or take depending on lot size. Iโ€™d bet we start to see a lot of developers start to sever the 40โ€™ lots and create smaller towns, rows, or semis here in the coming years as demand increases. 

๐Ÿ“ˆHouse Average Price: $950,983
๐Ÿ“ˆHouse Median Price: $900,000
๐Ÿ“ˆ31 Active Listings 
๐Ÿ“ˆ8 Firm Sales This Week
๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.34 

As always, please comment below, DM, or call/text 416-434-1511 if any questions.

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