Nilufer Mama's blog

GTA market soars

Sales and prices hit historic highs

Wishing everyone a Happy and Safe Halloween!

While no one can truly predict market cycles, historically, every 10 years we head into a recession phase. Acting as a catalyst is the COVID-19 pandemic. Its impace on the stock market took less than 1 month and was unprecedented:

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another record in September 2020.

Summary:

• National home sales rose 0.9% on a month-over-month (m-o-m) basis in September.

• Actual (not seasonally adjusted) activity was up 45.6% year-over-year (y-o-y).

Introducing the amazing 300 Front St W 3511 Toronto Ontario luxury condo!

Absolutely Breathtaking 180-Degree Unobstructed Views Of Lake Ontario, Iconic Views Rogers Center & Vibrant City Skyline. This Chic And Stylish fully furnished 1024 Sq feet Corner Unit Has Soaring 9Ft Ceilings, Huge Wrap-Around Balcony For Entertaining And Functional Floor Plan. You Are In The Middle of it all. Steps to The Financial/Entertainment Districts and Ttc. Enjoy Rooftop Infinity Pools, Cabanas, And Luxury Amenities. It's The Lifestyle You Deserve! This Beauty Won't Last!

Our lives have changed as Covid-19 spread. Canada faces a shutdown of commerce to protect health systems, while also weathering a crisis in its oil sector.

Prior to rise of the pandemic, Ontario's economy operated quite strongly

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another record in September 2020.

Home sales recorded over Canadian MLS® Systems edged up a further 0.9% between August and September, raising them to yet another new all-time monthly record. (Chart A)

About Property: