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This 5 bed, 5 bath classic country home perched on a private 1.5-acre rural estate in the Whitchurch-Stouffeville area of Ontario is currently offered for sale at $2,850,000!
In the height of summer, when Canadian housing markets are traditionally sluggish, pent up demand from a smothered Spring continues to propel real estate activity to surprising levels.
Looking for fancy? Check out this $22 million dollar grand luxury mansion in a quiet bedroom community outside Toronto, Ontario!
What a leap! National home sales rose 63% from May 2020 to June 2020! Even Sellers emerged from hibernation in June, with new listings climbing 49.5%!
Canadian home sales rebounded 56.9% in May 2020. However, that percentage represents how far the market bounced back from April's record breaking low. In actuality, activity in May 2020 was still down 39.8% compared to May 2019.
Officially the most expensive residential property ever listed for sale in Nova Scotia, The Lodge on Strum Island is equipped with everything one would need to survive a full year without visiting the mainland.
According to CREA, national home sales fell 56.8% on a month-over-month basis from March to April 2020!
The number of newly listed properties sunk almost 13% from February to March! Here are the rest of the CREA Stats for March 2020 - real estate under the shadow of a pandemic!
While the number of real estate transactions improved in about 60% of all local markets in February, the big national increase was largely the result of a 15% jump in activity in the Greater Toronto Area.
With Toronto's eternal imbalance of low housing supply and omnipresent buyer demand - bidding wars - which tend to appear during the seasonal cycles of real estate when conditions are particularly ripe, have re-emerged with a vengeance this spring. The result? Soaring values and precedent-setting prices which are skewing Canadian Real Estate statistics.
Transactions were down in a little over half of all local markets in January compared to Decmeber. That said, sales activity was still up 11.5% compared to January 2019, marking the best sales figures for the month in 12 years.
Canadian home sales recorded by CREA edged down 0.9% in December 2019, ending a streak of monthly gains that began last March!
Happy 2020! We're beginning the New Year with some reflection, sharing with you the Top Five most popular student posts of 2019!
Notching its ninth straight monthly gain, November's activity stands 20% above the six-year low reached in February 2019.