Mohammad  Teimouri

Mohammad Teimouri

Sales Representative

Sutton Group-Admiral Realty Inc., Brokerage *

Mobile:
416-880-5163
Office:
416-739-7200
Email Me

April 2021

 

(برای مشاهده ویدیوفارسی اینجا کلیک کنید)

 

Market Update for April 2021

 

While sales remained very strong last month, many REALTORS® noted a marked slowing in both the number of transactions and the number of new listings. It makes sense that we had a pullback in market activity compared to March. We’ve experienced a torrid pace of home sales since the summer of 2020 while seeing little in the way of population growth. We may be starting to exhaust the pool of potential buyers within the existing GTA population. Over the long term, sustained growth in sales requires sustained growth in population.

Despite a modest slowing in market activity in April compared to March, selling prices for all major home types remained very high. Low borrowing costs during COVID-19 clearly had an impact on the demand for and price of ownership housing. While the pace of price growth could moderate in the coming months, home prices will likely continue on the upward trend. Renewed population growth over the next year coupled with a persistent lack of new inventory will underpin home price appreciation.

 


"Total residential transactions"


 

 

Residential transactions - Apr 2021

 

 

TORONTO, ONTARIO, May 5, 2021 – Home sales in the Greater Toronto Area (GTA) set a new record for April and amounted to more than quadruple that from April 2020 – the first full month of the pandemic. Bucking the regular seasonal trend, April 2021 sales actually declined month-over-month. A similar trend was noted for the number of new listings reported.

 

Residential transactions Chart - Apr 2021

 

 

GTA REALTORS® reported 13,663 sales through TRREB’s MLS® System in April 2021 – a 12.7 per cent decrease compared to March 2021, but more than quadruple the number of sales reported in April 2020, when the economic impact of COVID-19 was arguably the worst. Compared to the ten-year sales average of 10,000 for the April 2010 to April 2019 period, the April 2021 sales result was up by 36.6 per cent.

 

Sale by type of home - Apr 2021

 

 


"Home prices"


 

 

Ave Sale price - Apr 2021

 

 

The average selling price of $1,090,992 was up by 33 per cent compared to April 2020, but was basically flat relative to March 2021. This was in contrast to most years in the past when the average selling price increased between March and April.

 

 

Ave Sale price - Chart - Apr 2021

 

 

The MLS® Home Price Index Composite benchmark was up by 17.8 per cent year-over-year. The Composite benchmark also increased on a monthly basis, but the pace of monthly growth decelerated.

 

Ave price by type of home - Apr 2021

 

 


"New listings"


 

 

Total new listing - Apr 2021

 

 

New listings followed a similar track – down by 8.4 per cent compared to March 2021, but more than triple the number of new listings reported in April 2020. Compared to the ten-year new listings average for the April 2010 to April 2019 period, the April 2021 new listings count was up by 18.3 per cent.

 

 

Total new listing - Chart - Apr 2021

 

 


"Sales To New Listings Ratio"


 

 

Sales to New listing Ratio - Apr 2021

 

 

Sales to new listings ratio in Apr 2021 is 66% which is down by 18% compared to Apr 2020. (sales to new listings ratio for Apr 2020 was 48%)

What does 66% sales to new listings ratio mean? This means every 10 homes that are listed into market, almost 6 of them are being sold.

 

 

Sales to new listing - chart - Apr 2021

 

 


"MOI & DOM & Average SP/LP"


 

 

MOI and DOM - Apr 2021

 

Above table shows; Semi-detached and town homes are fast selling properties in the market.

 

Percentage change - Apr 2021

 

* 416 means city of Toronto

** 905 means GTA excluding Toronto

In all GTA  average price for all type of homes were higher than the same time last year!

 

 

I, as real estate agent, always provide all the information that my clients need. I always help my clients make an informed decision and every decision is unique based on one’s individual.

Contact me for free consultation.

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