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opstra · 2 months
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Richmond Hill Property Pulse™ - January 2024【OPSTRA®AgentOpinionLeader™】
In January, the average selling price of second-hand properties in Richmond Hill decreased by 8% year-on-year, while the transaction volume increased by 20%.
Looking at different home types, the average prices of detached houses and semi-detached houses in Richmond Hill decreased by 3% and 6% respectively compared to the same period last year, while townhouses saw an increase of 11% and Condos experienced a slight increase of 1%.
Regarding transaction volume, there were fluctuations among different property types. The transaction volume for detached houses decreased by 4% year-on-year, while townhouses remained stable. Meanwhile, the transaction volumes for semi-detached houses and Condos increased by 80% and 43% respectively compared to the previous year.
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opstra · 2 months
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Etobicoke Property Pulse™ - January 2024【OPSTRA®AgentOpinionLeader™】
In January, the average prices of detached houses, semi-detached houses, townhouses, and Condo apartments in the Etobicoke area of Toronto increased by 4%, 7%, 9%, and 6% respectively compared to the same period last year.
Regarding transaction volume, while the transaction volume for higher-priced detached houses decreased by 17%, the volume for relatively lower-priced Condo apartments on the contrary increased by 35%. This resulted in a 2% decrease in the weighted average price of overall home properties in Etobicoke compared to the previous year.
Overall, the transaction volume in Etobicoke increased by 15% year-on-year in January.
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opstra · 2 months
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Scarborough Property Pulse™ - January 2024【OPSTRA®AgentOpinionLeader™】
In January, the real estate market in Scarborough, Toronto, showed subpar performance, with the average price of second-hand homes decreasing by 6% year-on-year, accompanied by an increase of 43% in transaction volume.
Across various home types in Scarborough in January, there was a decrease in average prices compared to the previous year. Specifically, detached houses decreased by 4%, semi-detached houses down by 2%, townhouses decrease by 13%, and price of condo apartments down by 2%.
Regarding transaction volume, there was an increase of 34% for detached houses and 40% for Condo apartments compared to the same period last year.
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About【OPSTRA®AgentOpinionLeader™】
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opstra · 2 months
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North York Property Pulse™ - January 2024【OPSTRA®AgentOpinionLeader™】
In January, the average price of second-hand homes in North York, Toronto, increased by 8% year-on-year, with an expansion of 35% in transaction volume.
For detached houses, the average price in North York increased by 8% compared to the previous year, with a notable increase of 56% in transaction volume.
However, semi-detached houses and townhouses saw a decrease in average price by 5% year-on-year.
The average price of Condo apartments in North York decreased by 3% year-on-year in January.
Regarding transaction volume, there was increases across all categories of home types compared to the same period last year.
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opstra · 2 months
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Toronto Midtown Property Pulse™ - January 2024【OPSTRA®AgentOpinionLeader™】
In January, the overall average transaction price of second-hand homes in Toronto's Midtown remained flat year-on-year, with a significant increase in transaction volume by 19%.
The characteristic of the detached house market in Toronto midtown is high prices and low transactions. Therefore, fluctuations in historical and current data within the region often lead to significant changes in the year-on-year ratio. In January, the average price of detached houses in Toronto's Midtown exceeded 3 million dollars, marking a 43% year-on-year increase, a significant contrast with the housing market's low point during the same period last year. Month-on-month, average price of detached houses in midtown increased by 5.5%.
The average prices of semi-detached houses and townhouses in Midtown increased by 16% year-on-year in January.
The average price of Condo apartments decreased by 8% year-on-year in January, while the transaction volume saw a significant increase of 55% year-on-year.
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opstra · 2 months
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Toronto Downtown Condo Pulse™ - January 2024【OPSTRA®AgentOpinionLeader™】
In January, the average price of Condo apartments in downtown Toronto decreased by 1% year-on-year, while from the trend chart, there was a stabilizing rebound in prices month-on-month, increasing by 4.3%. The transaction volume also saw an increase of 64% year-on-year.
In the C08 area east of Yonge Street, Condo prices experienced a slight year-on-year decrease of 1%. Meanwhile, on a month-on-month basis, prices stabilized and increased by 0.5%. The transaction volume surged significantly, expanding by 159% year-on-year.
In the C01 area west of Yonge Street, which contains the University of Toronto downtown St. George campus, the average price of Condo apartments increased by 2% compared to the same period last year. Month-on-month, there was a substantial increase of 7.4% in prices, and the transaction volume increased by 32% year-on-year.
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opstra · 2 months
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GTA Property Pulse™ - January 2024【OPSTRA®AgentOpinionLeader™】
In January 2024, the resale volume of second-hand homes in the Greater Toronto Area increased by 37% year-on-year, indicating that the market is starting to become more active. New listings also saw a slight increase, up by single-digit 6% year-on-year. This suggests that compared to the same period last year, the market atmosphere is more favorable for sellers, leading to more intense competition among buyers.
Regarding prices, the average price of homes in the GTA decreased by 1% year-on-year in January. Detached houses and townhouses saw a slight increase of 1% each. Semi-detached houses increased by 2%, while the average price of Condos experienced a marginal decrease of 1% year-on-year.
"As the footsteps of interest rate cuts draw nearer, home sales are expected to further increase. Due to supply constraints, home prices may continue to face upward pressure and momentum in the future," said Jason Mercer, Chief Analyst at the Toronto Region Real Estate Board.
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opstra · 4 months
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Burlington Property Pulse™ - November 2023【OPSTRA®AgentOpinionLeader™】
In November, the overall average housing price in Burlington increased by 6% year-on-year, while the transaction volume also saw an 8% year-on-year increase.
The average price for detached houses in Burlington increased by 10% compared to the same period last year, with the sales volume increase by 30% year-on-year.
For other home types, average price for condos decreased by 19% year-on-year with a similar percentage drop in transaction volume. The transactions for semi and townhouses in Burlington were relatively small.
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opstra · 4 months
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Burlington Property Pulse™ - November 2023【OPSTRA®AgentOpinionLeader™】
In November, the overall average housing price in Burlington increased by 6% year-on-year, while the transaction volume also saw an 8% year-on-year increase.
The average price for detached houses in Burlington increased by 10% compared to the same period last year, with the sales volume increase by 30% year-on-year.
For other home types, average price for condos decreased by 19% year-on-year with a similar percentage drop in transaction volume. The transactions for semi and townhouses in Burlington were relatively small.
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opstra · 4 months
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Brampton Property Pulse™ - November 2023【OPSTRA®AgentOpinionLeader™】
In November, the overall average housing price in Brampton increased by 1% year-on-year. The transaction volume increased by 9% year-on-year.
Detached house saw a 3% drop in transaction price year-on-year, while there was a 19% increase in transaction volume compared to November last year.
The transaction volume for semi-detached house in Brampton is quite sizable in the Greater Toronto Area. In November, the average price for semi-detached houses in Brampton increased by 1% year-on-year, with a corresponding 4% increase in transaction volume.
In November, the average price for Condos in Brampton increased by 4% year-on-year, and 6% month-on-month, while the transaction volume decreased by 5% year-on-year.
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opstra · 4 months
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GTA Condo Market Pulse™ - November 2023【OPSTRA®AgentOpinionLeader™】
In November, the average price for Condo apartments in the Greater Toronto Area remained flat compared to the same period last year, with a corresponding 6% year-on-year decrease in transaction volume.
When looking at different cities, the average price for Condos in Toronto decreased by 2% year-on-year. Specifically, in Midtown Toronto, the average price for Condos decreased by 8% year-on-year, while in Etobicoke, the average price for Condos increased by 5% year-on-year.
In the surrounding cities of Toronto, the year-on-year changes in average prices for Condos varied with both increases and decreases, and the magnitudes of these changes were in the single digits.
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opstra · 4 months
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GTA Townhouse Market Pulse™ - November 2023【OPSTRA®AgentOpinionLeader™】
In November, the overall average price for townhouses in the Greater Toronto Area showed a slight year-on-year decrease of 1%, with a corresponding 7% year-on-year decrease in transaction volume.
When looking at major cities, similar to the previous month, Oakville continued to have the highest year-on-year increase in the average price for townhouses, rising by 8%. In November, the city of Toronto had the poorest year-on-year performance, with a decrease of 11% in the average price for townhouses.
The year-on-year changes in average prices for townhouses in other cities are as follows: Markham increased by 2%, Richmond Hill decreased by 2%, Vaughan decreased by 6%, and Mississauga had a 9% year-on-year decrease.
In terms of transaction volume, Vaughan had the largest year-on-year increase in townhouse transaction volume, growing by 100%. On the other hand, Toronto and Oakville experienced a 28% year-on-year decrease in townhouse transaction volume.
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opstra · 4 months
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GTA Detached House Market Pulse™ - November 2023【OPSTRA®AgentOpinionLeader™】
In November, the average price for detached houses in the Greater Toronto Area increased by a marginal 1% year-on-year, with a corresponding 8% year-on-year decrease in transaction volume.
In the nearby towns around Toronto, the average price for detached houses in Richmond Hill showed a slight year-on-year decrease of 1%, while Mississauga experienced a 3% year-on-year decrease. On the other hand, Toronto, Markham, Vaughan, and Oakville saw year-on-year increases in the average price for detached houses, ranging from 4% to 5%.
In terms of transaction volume, except for Richmond Hill, which experienced a 10% year-on-year increase, other nearby towns saw varying degrees of year-on-year contraction in transaction volume for detached houses.
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opstra · 4 months
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City of Toronto Property Pulse™ - November 2023【OPSTRA®AgentOpinionLeader™】
In November, the average housing price in the city of Toronto remained flat compared to the same period last year, with a year-on-year decrease in transaction volume of 10%.
When looking at different districts within Toronto, the average price in Downtown decreased by 3% year-on-year, increased by 4% in Midtown, decreased by 7% in North York, remained stable in Scarborough, and decreased by 4% in Etobicoke.
By housing category, the average prices for detached houses and semi-detached houses in Toronto increased by 4% and 2% year-on-year respectively, while the average prices for townhouses and Condo apartments decreased by 11% and 2% year-on-year respectively.
In terms of transaction volume, each region within Toronto experienced a varying degree of year-on-year contraction in November.
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opstra · 4 months
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Mississauga Property Pulse™ - November 2023【OPSTRA®AgentOpinionLeader™】
In November, the overall average housing price in Mississauga decreased by 3% year-on-year, with the average price for detached houses also showing a 3% year-on-year decrease. The transaction volume decreased by 7% year-on-year and experienced a more significant decrease of 22% for detached houses.
The semi-detached house market in Mississauga and Brampton is quite representative in the Greater Toronto Area and deserves attention. In November, the average price for semi-detached houses in Mississauga increased by 8% year-on-year, with a corresponding 20% increase in transaction volume.
In November, the average price for Condos in Mississauga increased by 8% year-on-year, while the transaction volume decreased by 10% year-on-year.
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opstra · 4 months
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Vaughan Property Pulse™ - November 2023【OPSTRA®AgentOpinionLeader™】
In November, the average price for second-hand homes in Vaughan decreased by 7% year-on-year, with a mild increase of 5% in transaction volume year-on-year.
Categorically, the average prices for detached houses and semi-detached houses in Vaughan increased by 4% year-on-year. However, the average prices for townhouses and Condos decreased by 6% and 8% year-on-year respectively.
In terms of transaction volume, the volume for detached houses in Vaughan decreased by 17% year-on-year, while the transaction volume for townhouses doubled, and the transaction volume for Condos increased by 33% year-on-year.
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opstra · 5 months
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Oakville Property Pulse™ - November 2023【OPSTRA®AgentOpinionLeader™】
In November, the overall average housing price in Oakville increased by 12% year-on-year, while the transaction volume decreased by 12% year-on-year.
One of the factors driving the significant year-on-year increase in Oakville's second-hand housing prices in November is attributed to Condos. In the Oakville Lakeshore area, four luxury apartments with prices ranging from 2.5 million to 5.5 million were transacted, with sizes ranging from 2000 square feet to 4000 square feet. This directly resulted in an 86% year-on-year surge in the average price for Condos in Oakville in November. Therefore, Oakville Condo prices in November can be considered an outlier data point.
In addition to Condos, the average prices for detached houses and townhouses in Oakville increased by 5% and 8% year-on-year respectively, while the transaction volumes for both experienced slight decreases year-on-year.
About【OPSTRA®AgentOpinionLeader™】
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