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October 2021 Real Estate Market in Toronto

Hi everyone, here are some highlights for the Toronto real estate market in October 2021. Home sales in the Greater Toronto Area was the second highest level for the month of October since 2000. There was so much more demand than there was supply.

In total 9,783 sales of houses and condos were reported across GTA. That’s down by 6.9% compared to October 2020’s 10,503 sales.

Condo townhouse & high-rise suites continued to maintain a much higher percentage of sales in October, 37.8% than in the past year signaling condos are back in demand. 3,696 units were sold in the month making that the highest-ever for the month of October.

The average sale price for all GTA homes came in at $1,155,345. That’s a 19.3% increase compared to October 2020. Compared to October 2019, the average sale price went up by 35.6%. That’s a huge jump in two years.

The active listing inventory is one of the strongest indicators of how fast or slow the market has been moving. The active listing inventory average for October 2021 was down 55.2% compared to last year with 7,750 active listings. The lowest ever for the month.

The sales-to-listings ratio is how we determine what type of market we’re in. 24-28% is a neutral market, below 24% is a buyer’s market & above 28% is a seller’s market. With our busy market, October 2021 ratio was up at 126.2%! A super busy seller’s market.

The days-on-market average for GTA homes was a day faster at 13 days.

October continued the trend we’ve seen all year of lower listing inventory, higher buyer demand, continued recovery for condo sales & overall GTA sales number over previous years.

If you or someone you know is thinking of making a move, please get in touch. I’d be happy to share some strategies in this heated market. Take care, stay safe & have a wonderful day!

Photos

Map

Property Info

Address:

October 2021 Market Stats

Type:

Detached

Style:

Apartment

Sold Properties

West Burton Court, Scarborough

879 Logan Ave. Toronto

10 Post Oak Drive, Richmond Hill

Rosseau Cres., Whitby

Oakdene Cres.

Hamilton St., Toronto

61 Heintzman St., Toronto

Westmount Ave., Toronto

9 Michael Power Place, Etobicoke

915 Midland Ave., Scarborough

Tiago Ave., East York

Winston Park Blvd., North York

1185 The Queensway Ave., Etobicoke

11 Bogert Ave., North York

Camborne Ave., North York

Carlaw Ave.

88 Charles St. East

88 Colgate Ave.

18 Concorde Pl., North York

Crawford St.

Cudham Dr., Scaroborugh

Donlands Ave.

66 Falby Court, Ajax

Fassel Ave., Burlington

35 Mariner Terrace

Melita Cres.

9 Michael Power Pl., Etobicoke

2606 Midland Ave., Scarborough

Mitcham Dr., Etobicoke

Modlin Rd., Pickering

Ridge Point Cres., North York

Riverdale Ave.

Sammon Ave.

Shoalhaven Dr., Scarborough

Strathmore Ave.

170 Sumach St.

25 Telegram Mews

105 The Queensway Ave., Etobicoke

1185 The Queensway Ave., Etobicoke

Winnifred Ave.

133 Wynford Dr.

Honest, knowledgeable & looking after YOUR best interest

Siu Ta

Home ownership means a great deal to me. It’s been 40 years since my family immigrated to Canada. We were the ethnic Chinese (Hoa) purged from Vietnam. We left in the middle of the night. We found a boat that took us & 200 others packed like sardines, to Hong Kong. There we lived in a camp for 11 months then sponsored to Canada. We arrived in December 1979. I was 7 years old.

I’m forever grateful to my parents for the risk they took. They said they didn’t have much of a choice. It was a small window the Vietnamese government gave us to get out so they did. My parents worked hard doing manual labour jobs & two jobs for my mom for many years. After renting a few places around Toronto, they saved enough to afford to buy their own home. They were so happy & proud when they got their house keys. Canada gave them what they’ve been missing – peace, security & a sense of belonging.

That memory stayed with me. With help from my in-laws, my husband & I bought our first home. We were happy to stop paying rent & to start building equity. We both worked as freelancers in the film & television industry. Our income changed each year. Still we managed to pay down the mortgage. After two years of marriage, we felt we were ready to become parents.

My tenacity served me working in the film & television industry before & since, in real estate. I’ve been back to Vietnam twice. It’s where I came from but Toronto is where I belong. Home ownership means a great deal to me. More than building wealth, it’s where we build memories with our kids, friends & families who visit. My goal is to help other families achieve the same.

What clients say about me...

Buying with Siu

If you’re thinking of upsizing to your next home, buying your first home/condo, buying an investment property, or relocating to Toronto, it’s important that you work with a Realtor who understands the changing housing market and one who will represent your best interests every step of the way.

I am hands-on and attentive to your particular situation at all times. Along with my expertise & work ethics, I bring a trusted circle of experts in their fields who can guide and advise you in your journey – mortgage brokers, home inspectors and lawyers, just to name a few. My priority is negotiating the best price and terms to achieve your buying goal.

Selling with Siu

I am a full-time realtor working at a full-service brokerage. What sets me apart from the others in Toronto is my ability to deliver a combination of high-impact visuals, customized marketing materials & micro targeting to relevant buyers on social media to sell your property.

I provide complimentary staging consultation from seasoned professionals because that first impression is everything. I make sure that you achieve the highest price in the shortest amount of time with proper contingencies in place to protect your interests. As my client, you’ll know I’m your biggest advocate, and you’ll have my undivided loyalty and confidentiality.