Fall 2021 Market Update & Top-Tier Forecast

THE USMAN GROUP - October 13, 2021

 

Your Fall 2021 Newsletter
“Anyone who thinks fallen leaves are dead has never watched them dancing on a windy day.”
 
Welcome to our Fall Newsletter!!
 
Hope you had a relaxing Thanksgiving weekend here in Canada. While the local weather feels more like the start of the Summer, the changing colours remind us of the beauty this season holds.
 
So we are little over a month into the Fall market and back in August, we anticipated a healthy but a much more "normal" pace this time of the year. So where do we stand? Well, the Average Sale Price went up 6.1% in September from August 2021 and up 18.3% from a year ago. New Listings on the other hand were down 34% from a year ago. There were only 9,100 active listings which is a staggering drop of over 49% from September 2020. So while we try to find different explanations to the rising home prices in this area, the fact of the matter is that demand continues to outpace supply.
 
The Top-Tier market in the GTA is also seeing continued growth. New data compiled by Sotheby’s International Realty Canada reveals that the Greater Toronto Area (GTA) is positioned to see continued price acceleration in an active fall market, even as the region’s acute shortage of conventional and luxury housing supply caps overall activity. An unexpectedly active summer resulted in residential real estate sales over $4 million rising 12% year-over year in July and August 2021, with six ultra-luxury properties sold over $10 million compared to four properties sold in this price range over the same months in 2020. Read the full report below encompassing key markets across the country.
 
Have a great rest of the month and we look forward to connecting with you and share our thoughts on the local, national, and international real estate trends.
 
Usman & Komal
Market Update
2021 Fall Forecast: Top-Tier Report
Canada’s metropolitan luxury real estate markets continue to reflect unprecedented circumstances leading into fall 2021. Following record-shattering sales across major markets through the first half of 2021, pandemic-related influences continue to motivate consumer housing activity, driving new demand for urban real estate as downtown cores revitalize and consumer confidence in higher density, city living continues to rise. However, the supply of available top-tier real estate is deficient in relation to housing needs, constraining sales across multiple market segments, limiting housing mobility, and accelerating price gains as a result. With an unsatiated undercurrent of demand across every major market and a new wave of prospective real estate consumers imminent, rising prices and steady activity are forecasted for fall. READ THE FULL REPORT HERE
Buyer Matchmaking
Recent Activity
Congratulations to our clients on the sale, purchase, and lease of these stunning homes in the past few weeks. It's been an absolute pleasure serving you and eagerly looking forward to assisting with any of your future needs.
1322 Stanbury Road, Oakville
110 Selgrove Crescent, Oakville
2388 Khalsa Gate #211, Oakville
10 Maple Grove Drive, Oakville
Featured Properties

$5,200,000

1497 Durham St, Oakville

4
Bedrooms
 6
Bathrooms
 6,322
Sq Ft.
Request A Private Showing

$1,399,000

274 Weighton Dr, Oakville

3
Bedrooms
 2
Bathrooms
 -
Sq Ft.
Request A Private Showing

$3,499,000

573 Lakeshore Road West, Oakville

5
Bedrooms
 3
Bathrooms
 3,330
Sq Ft.
Request A Private Showing

$2,849,000

2306 Millward Ave, Oakville

4
Bedrooms
 5
Bathrooms
 -
Sq Ft.
Request A Private Showing
Beyond Boundaries
ATLANTIS: THE ROYAL RESIDENCES
Introducing Atlantis, The Royal Residences. A worthy successor to the mythical lost city, Atlantis, The Royal Residences on The Palm in Dubai is destined to become an iconic, world-renowned address. The building is a breathtaking design featuring contemporary living spaces cantilevered into the Arabian sky. All residences offer uninterrupted views towards the sea or across the waters of The Palm towards the Dubai skyline.
 
True to the spirit of ancient Atlantis, world-class designers have created an environment that is endowed with enticing pools (90 yes nine-zero) and luxuriant gardens. The Residences will have expansive living and entertaining spaces with balconies or lushly landscaped terraces. Selected Residences feature a vast open terrace with a balance of light and shade offering prevailing breezes over water and gardens.
A team with international expertise have come together with a single vision, to create a residential address unsurpassed anywhere in the world. With completion scheduled for end of 2021, please contact us directly to inquire about pricing, floor plans, available inventory, and what this breathtaking new Residence has to offer to its discerning consumers.
STUNNING NORTH OAKVILLE CONDO
DISTRIKT TRAILSIDE WEST TOWER
Distrikt Trailside takes Oakville’s beauty and premier livability a step further. This sold out master-planned community of luxury condominiums and two-story suites is nestled amid verdant parks and untouched ravines, offering lush surroundings and superior connectivity at your doorstep. Experience a lifestyle imbued with fine dining, world-class shopping, beautiful shoreline and some of the best public and private schools in the area.⁠⁠
⁠⁠
Located on the 5th Floor, this 900 Sq. Ft. 2 Bedroom Plus a Large Flex Den that can be used as a 3rd Bedroom with 2 Washrooms overlooks the pond is available for Assignment Sale while exclusively represented by our team. The building is currently under construction just off of Sixth Line and Dundas St in North Oakville and the tentative occupancy date is set for November 2022. Contact or DM us for more details and pricing info. ⁠⁠
Market News
1867 Yonge Street, Suite 100, Toronto, Ontario, M4S 1Y5
© 2021 Sotheby’s International Realty Canada, Brokerage. Independently Owned & Operated. All rights reserved. Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission. E&O.E: This information is from sources which is deemed reliable, but must be verified by prospective purchasers and may be subject to change or withdrawal. Not intended to solicit properties already under agreement.
 
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