We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies.More info
North GroupNorth Group
Call Us:

(647) 559-5880

    Ask Us Anything
    Follow us
    The Team

    About Us

    • Meet Our Team
    • Our Culture Code
    • Read Our Reviews
    • Careers
    • Charity

    Our Services

    • Sell With Us
    • Buy With Us
    • Search for Homes
    • Commercial
    • Our Active Listings
    • Get Your Home's Value
    North Group

    70 Jutland Road, Unit 16, Toronto, ON M8Z 2G6

    • (647) 559-5880
    • [email protected]

    Fact-based Knowledge and Experience : October Market Update

    💡Fact-based knowledge and experience = results-based buying and selling 🏠💰 🔹What’s happening? 🔎Based on our first-hand...

    • Amy Youngren
    • May 13th, 2019
    • 2 min read
    Featured Image

    💡Fact-based knowledge and experience = results-based buying and selling 🏠💰

     

     

    🔹What’s happening?

    🔎Based on our first-hand experience, we are seeing evidence of a small shift in the market, which October trends show the beginning of. While sales are down year over year, there were actually 737 more sales in October than September of 2021.📈  There were also 1,743 more new listings in October than there were in September. 

    Although seemingly minor, this small spike in inventory and sales (yes, very small) means we do have some buyer confidence and a whisper of some balance as we head into the winter months.❄️ 

    Some further perspective: the 6.9% drop in sales year over year must be viewed against it’s comparison since this time last year we were experiencing an undeniable COVID-related boom. Any annual drop here can be attributed to three primary things: 

    • Levelling of Covid impacts
    • Inventory
    • Buyer fatigue

    🔥The condo market is offering an interesting perspective, showing the strongest overall jump in the number of sales (up 28.9%) and a 13% growth in pricing. This price growth is promising, but still lags behind other home types which are up collectively 26.5%. 🙌

     

     

    🔹What does this mean?

    Overall, 2021 has been record-breaking in terms of real estate prices and sales, and prices continue to climb.🔺 Inventory is the number one pressure on our market, and will remain so for a long time. Experts are demanding that all three levels of government get involved with actively focusing on managing our low housing supply problem - but there is no short term solution. Less homes for sale means less homes purchased and more competition which drives prices. 💲

     

    In short, price growth continues, listings sell quite quickly, and there may be more opportunities for buyers in the next couple of months as the pace settles. 

     

     

    Predictable methods in an unpredictable market will not yield results. What will is an expert that studies the market with fact-based knowledge and experience to help you navigate results-based Buying, Selling or Investing right now. Give us a call! 📲

     

     

     

     

     

    Author Photo
    About the author

    Amy Youngren

    416-624-8854
    • facebook
    • instagram
    • youtube
    Amy Youngren is an avid real estate investor, sought-after speaker and founder of one of Canada’s fastest growing, award-winning real estate teams: North Group (est. 2017). As a business leader with 20 years of both corporate and sales experience within the real estate industry, Amy is guided by a vision to empower real estate entrepreneurs through a platform of superior systems, services and marketing that create real estate experiences worth talking about for 300+ clients annually. Named one of the “100 Most Influential in Real Estate” by Inman, she has steered North Group to numerous accolades, including “Most Innovative Real Estate Team” and ranked in the Top .01% in Canada, by the Toronto Regional Real Estate Board. Amy is a results-driven leader with an extensive network of industry connections, partners and investors, who is a regular commentator on industry trends and has been featured in the Canadian Press, Toronto Star, CTV andYahoo! Finance, among others.

    Similar posts like this

    5 Key Trends Every Toronto Home Buyer Should Watch For In 2024

    Toronto's real estate market is ever-evolving, presenting unique opportunities and challenges for home buyers. As we ste...
    Read more

    Market Report & Super Bowl…January Market Update

    What happens when the Real Estate Market Report and Super Bowl both happen in the same week? 📈🏈 We geek out and get a ...
    Read more

    What's It Cost? Homeownership Expenses Beyond Your Mortgage

    Discover the True Cost of Homeownership Beyond Mortgage Payments: From property taxes to maintenance, explore the additi...
    Read more
    North Group

    Your results matter most.

    Real Broker Ontario Ltd., Brokerage

    70 Jutland Road, Unit 16, Toronto, ON M8Z 2G6

    Real Broker Ontario Ltd., Brokerage

    70 Jutland Road, Unit 16, Toronto, ON M8Z 2G6

    (647) 559-5880
    [email protected]

    Footer Links

    • About
    • Services
    • Buy With Us
    • Sell With Us
    • Reviews
    • Careers
    • Search For Homes
    • Listing Portfolio
    • Get Your Home's Value
    • Contact Us
    Join Our Email List:

    To Discover The Difference

    *We respect your inbox. We only send interesting and relevant emails.

    Real Broker Ontario Ltd., Brokerage © 2025

    Privacy Policy
    Powered by