Nilufer  Mama

Nilufer Mama

Broker

Forest Hill Signature Real Estate Inc., Brokerage*

Mobile:
416-346-0850
Office:
416-929-4343
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Nilufer Mama's blog

TRREB Market Stats Overview - June 2021

Residential Stats

Happy Canada Day!

Wishing everyone a very Happy, Healthy and Prosperous Canada Day!

 

 

Toronto’s hot housing market calms as economy reopens, attentions shift to summer revelry

Many of Toronto’s young urban dwellers are reveling in the city’s reawakening and putting weighty real estate decisions on hold for now.

“I can definitely feel the beat on the street change,” says real estate agent Riley Boyko of Cloud Realty, who lives and works in downtown Toronto.

Could Canada's High Flying Housing Prices come Crashing Down

 

Royal Bank of Canada's regulatory filings for Q2 2021 reported home prices in Canada could decline by a massive 30% under certain conditions. For this, Canada would have to return to the beginning of the pandemic, with a rise in unemployment, a prolonged recession and plummeting growth. 

605 - 3985 GRAND PARK DR MISSISSAUGA, ONTARIO

 

 

 

About the property:

Housing market continues to moderate in May - CREA Market Stats

Statistics released by the Canadian Real Estate Association (CREA) show national home sales and new listings were both down between April and May 2021.

SUMMARY:

  • National home sales declined by 7.4% on a month-over-month basis in May.

  • Actual (not seasonally adjusted) activity was up 103.6% year-over-year.

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