February 2021 Newsletter

The Usman Group - February 19, 2021


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Are We There Yet?
Normally, this question is repeatedly asked by the little ones the moment you put them in a car to get somewhere. However, given the current state of affairs with the lockdowns and our ability to get the masses vaccinated against Covid-19, we have started to ask the same question... Are We There Yet? While some lockdown fatigue is surely kicking in, the optimistic in us is responding with ... SOON!!
Just a few days ago, both of us got caught in a bit of a family urgency that required us to travel outside of Canada. While not ideal to travel during these times, it was still an amazing opportunity to witness how differently humans worked and behaved in different parts of the world to deal (or not deal) with this global health crisis. The common thread across the board, however, was the incredible ability to adapt to new ways of doing things, selflessly helping each other out, continue to find opportunities to still enjoy life, and above all cherishing the times spent with friends and family.
Have a wonderful Family Day Long Weekend. And for the fun of it and just to tickle your emotions a bit when it comes to Family, enjoy some of the all-time favourite family ads below.
Finally, stay tuned for a gorgeous luxury townhouse coming soon to the market in South Oakville and check out our current active buyers looking to make a match with their dream home.
Usman & Komal
The Greater Toronto market continues to stay resilient amid all the lockdowns and the shutdowns. A few months ago, we noted that the price of real estate in the Greater Toronto is here to stay (and would go even higher) and that it's just what it costs to own no matter how much we try to slice and dice it. Given the current momentum in the market, seems like we may touch the million dollar mark on average price of a home in the GTA very soon.
Average Price was up 3.8% from a month ago in January at $967,885 and 15.5% from a year ago. This is simply phenomenal. Sales while a slight drop from December, were up 52.4% from a year ago. Yes over 50% from just a year ago while we're still dealing with the pandemic, hardly any new immigrants moving due to travel restrictions, and a shutdown economy. New Listings were up 20.2% from a year ago which is a good thing as we continue to see supply shortage in the GTA. Just imagine where the prices would go if some of the sellers decided to wait until the lockdown was over. And finally, Active Listings were down about 6.3% just from a month ago as homes seem to be flying off the shelves.
The Condo market continues to be a bit of a question mark at the moment especially in Toronto core. While we're seeing multiple offers on many listings, avg. price hasn't moved much. We continue to believe the market will rebound once things start to open up in the Spring time.
Connect with us to discuss the activity and real estate trends specifically in your community and neighbourhood.
Elegant, Timeless, Pure Luxury
Built by Fernbrook Homes, this exquisite collection of custom quality townhome residences were designed to the elite standards that have earned Royal Oakville Club the reputation of the GTA’s preeminent luxury home community.
For Your New Traditions
Exquisite, Timeless, Elegant... These are just some of the words to describe 192 Forest Hill Road. Situated on prestigious Forest Hill Road on a 45 Ft. x 204 Ft. beautiful deep lot, this home's interior was redesigned by Dee Dee Taylor Eustace from Taylor Hannah Architects. Every room, every corner, every nook is well planned and elegantly finished while keeping the original charm and timeless style. The 3rd floor attic is a perfect hideaway for a home office or a gym while the finished basement provides the essential nanny suite with an ensuite, a recreation room, laundry, and a powder room.
The main floor is elegant and classy with sunken family room and high ceilings with a walk out to the stone patio and the backyard. The galley kitchen is adorned with marble, heated floors, Wolf Sub-Zero appliances and two separate dishwashers. The powder room is well-spaced with marble heated floors and is nicely tucked away. The sizeable and upgraded living room has classic elegance with large windows overlooking the front gardens while the dining room is perfect for large gatherings.⁠
The 2nd floor's master retreat has two large his and her walk-in closets with built-ins while the master ensuite overlooks the backyard and brings in plenty of natural light. Three additional bedrooms & two more bathrooms compliment the rest of the space on the floor.⁠
The driveway is fully heated to address the wintery snowy days of Toronto while the front and back gardens are maintained by the irrigation system.⁠
Tridel's Bloor Promenade
Bloor Promenade stands as your last opportunity to become a part of the Islington Terrace community. Live in the centre of a vibrant neighbourhood at the corner of Bloor and Islington, attended by over 50,000 square feet of indoor & outdoor amenities. Available for occupancy in 2021, we have 2 large 2 bed 2 bathroom units on high floors. Take a dip or swim laps in the indoor Euro-style swimming pool, or head to the whirlpool’s warm waters to refresh tired muscles. For those who prefer their water in a different form, there’s a Steam Room and Sauna too.
Buyer Matchmaking
Do you have a home you'd like to sell or know someone who's thinking about it? We are always working actively with a number of our buyer clients who're in the market for specific types of homes and/or investment opportunities across the Greater Toronto Area. If you or anyone you know have a property that fits these criteria, please connect with us.
Which One's Your Favourite?
In the spirit of the Family Day Long Weekend, thought we'd compile a list of some all-time favourite family ads. Enjoy and once again have a wonderful Family Day Long Weekend. And in case you're wondering, our favourite is.... Old Spice!!
2021 Luxury Outlook
2021 Luxury Outlook report examines high-end residential markets across the globe in the wake of the Covid-19 pandemic. The comprehensive report provides insight into the world’s top primary and secondary...
These Are the Top Features Home Buyers Want (and Need) in 2021
When it comes to buying a home, it’s important that home buyers separate the features that they want from what they actually need. While a sauna and a home gym might be nice features to have, having at least two bathrooms or a functioning dishwasher for a family of five is more of a priority.
Market News
Usman Mahmood & Komal Usman
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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