{"id":430831,"date":"2021-02-08T12:03:32","date_gmt":"2021-02-08T17:03:32","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=430831"},"modified":"2021-02-08T12:03:32","modified_gmt":"2021-02-08T17:03:32","slug":"trreb-forecasts-strong-demand-for-real-estate-in-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/trreb-forecasts-strong-demand-for-real-estate-in-2021\/","title":{"rendered":"TRREB Forecasts Strong Demand for Real Estate in 2021"},"content":{"rendered":"<h2>\nHighly Anticipated Outlook Report and New Digital Digest Unveiled<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>TORONTO, Feb.  08, 2021  (GLOBE NEWSWIRE) &#8212; The outlook for the GTA real estate market is healthy with strong buying intentions, a near-record sales forecast of more than 100,000, and a record average selling price over $1 million.<\/p>\n<p>Today, the Toronto Regional Real Estate Board (TRREB) is unveiling its must-read <a href=\"https:\/\/indd.adobe.com\/view\/9d08060c-4231-4561-a917-10f35d779874\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><em>Market Year in Review &amp; Outlook 2021 Report<\/em><\/a> and eagerly awaited <a href=\"http:\/\/market-year-in-review.trrebwire.ca\/?utm_source=PR&amp;utm_medium=News%20Release&amp;utm_campaign=MYIR&amp;utm_content=Feb%208\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">digital digest<\/a> containing TRREB\u2019s annual market outlook, up-to-date Ipsos consumer polling results, the most recent Altus new home and commercial statistics, rental market trends, research on innovative approaches to bring on more housing supply and mortgage market trends.<\/p>\n<p>\u201cThe pandemic certainly resulted in an unprecedented year for real estate in 2020, but it hasn\u2019t put a damper on the overall demand,\u201d said Jason Mercer, TRREB Chief Market Analyst. \u201cLooking ahead, a strengthening economy and renewed GTA population growth following widespread vaccinations will support the continued demand for both ownership and rental housing. But over the long run, the supply of listings will remain an issue, particularly in low-rise segments.\u201d<\/p>\n<p>\n        <strong>2021 Market Outlook<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li>Combined home sales reported through TRREB\u2019s MLS\u00ae System for the GTA, South Simcoe County and Orangeville are expected to reach 105,000.<\/li>\n<li>Strong sales growth will be supported by continued economic recovery, including jobs and record or near-record lows for borrowing costs.<\/li>\n<li>The pace of new condominium apartment listings will start to ebb, especially in the second half of the year. With low-rise listings remaining constrained, expect total new listings to come in at the 160,000 mark.<\/li>\n<li>Market conditions for low-rise homes, including detached houses, will remain very tight, with sales rising at a faster pace than listings.<\/li>\n<li>The overall average selling price for all home types and areas combined will eclipse the $1,000,000 mark for the first time, reaching $1,025,000 and representing a year-over-year increase of 10 per cent.<\/li>\n<li>While mortgage deferrals were initially a concern early on in the pandemic, Mortgage Professionals Canada does not anticipate any pronounced uptick in mortgage delinquencies that would create systemic concerns as we move through 2021. Most property owners who took advantage of mortgage deferrals did so out of an abundance of caution rather than financial necessity and therefore have resumed their regular payments.<\/li>\n<\/ul>\n<p>\n        <strong>January 2021 Market Stats<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li>January home sales amounted to 6,928 \u2013 up by more than 50 per cent compared to January 2020.\u00a0 This strong start to 2021 included sales growth across all major segments, including condominium apartments, both in the City of Toronto and surrounding GTA regions.<\/li>\n<li>New listings were also up on a year-over-year basis in January, but not by the same annual rate as sales. This means market conditions tightened compared to January 2020, resulting in the continuation of double-digit growth in the MLS\u00ae Home Price Index and the average selling price.<\/li>\n<li>The average selling price for January 2021 was up by 15.5 per cent to $967,885 year over year.\u00a0 The MLS\u00ae HPI Composite Benchmark was up by 11.9 per cent over the same period.<\/li>\n<li>Price growth was driven by the low-rise market segments, while the average condo apartment price was down in Toronto. However, if we continue to see condo sales growth outstrip condo listings growth, we could start to see renewed growth in condo prices later this year.<\/li>\n<\/ul>\n<p>\n        <strong>2020 Market Year in Review<\/strong>\n      <\/p>\n<p>2020 was a roller coaster year with unpredictable ups and downs, but the second half of 2020 was marked by consecutive monthly records for home sales and average selling prices. The end result was the third best annual sales total on record and a new record for the average selling price. The suburbs experienced the strongest sales growth, especially in single-family homes with the average selling price topping out at almost $930,000.<\/p>\n<p>\u201cTogether as REALTORS\u00ae, we\u2019ve become an essential part of the economic recovery. The results of the past year were driven by TRREB Members who act as vital instruments driving economic activity in our communities as they work on a daily basis with home buyers, home sellers, renters and business owners,\u201d said Lisa Patel, TRREB President.<\/p>\n<p>\u201cWhen the pandemic hit, TRREB outlined a detailed policy brief on government economic initiatives to municipal, provincial and federal governments. With regards to housing supply, our key recommendations are to expedite the creation of missing middle housing, that is, multi-unit low-rise housing between detached and mid- to high-rises. It is crucial that we expand these development opportunities in residential areas which are currently only zoned for detached and semi-detached housing. This is why we asked Urban Strategies to research and propose innovative and workable ideas around the provision of missing middle housing across our region,\u201d said John DiMichele, TRREB CEO.<\/p>\n<p>\n        <strong>The Potential of the Missing Middle<\/strong>\n      <\/p>\n<p>Currently, there is a lack of variety in housing and due to municipal zoning restrictions most of our urban areas are occupied by low density, single-family homes. Research commissioned by TRREB and conducted by Urban Strategies found that increasing the different types of housing will address the missing middle in those areas while significantly, and quickly, alleviating the tight housing supply.<\/p>\n<p>\u201cAllowing conversions of single-family houses for additional units could result in the rapid addition of 300,000\u2013400,000 units in Toronto and would make a major contribution to addressing housing affordability. Increasing the missing middle can also stabilize the population while helping to sustain schools, social and retail amenities,\u201d said Joe Berridge, Urban Strategies Inc. Partner.<\/p>\n<p>Discover new research on much-needed <a href=\"https:\/\/trreb.ca\/hlfiles\/pdf\/2021.01.04-TRREB_Missing_Middle.pdf\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">missing housing<\/a>, delve into the latest market insights and trends in the <a href=\"https:\/\/indd.adobe.com\/view\/9d08060c-4231-4561-a917-10f35d779874\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">full report<\/a> and explore the new <a href=\"http:\/\/market-year-in-review.trrebwire.ca\/?utm_source=PR&amp;utm_medium=News%20Release&amp;utm_campaign=MYIR&amp;utm_content=Feb%208\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">interactive website and videos<\/a> showcasing the key takeaways from this year\u2019s report.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"7\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">\n            <strong>Summary of TRREB MLS\u00ae Sales and Average Price January 1\u201331, 2021<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">2021<\/td>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">2020<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:28%;width:28%;min-width:28%;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">Sales<\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">Average Price<\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">New<br \/> Listings<\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">Sales<\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">Average Price<\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">New<br \/> Listings<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>City of Toronto (&#8220;416&#8221;)<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2,665<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">$866,331<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">3,547<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">1,593<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">$880,113<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2,635<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Rest of GTA (&#8220;905&#8221;)<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">4,263<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">$1,031,371<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">5,883<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2,953<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">$815,416<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">5,213<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>GTA<\/strong>\n          <\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">6,928<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">$967,885<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">9,430<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">4,546<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">$838,087<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">7,848<\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" style=\"vertical-align: top\">\n            <strong>Source: Toronto Regional Real Estate Board<\/strong>\n          <\/td>\n<\/tr>\n<\/table>\n<p>\n        \n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"12\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">\n            <strong>TRREB MLS\u00ae Sales &amp; Average Price By Home Type<\/strong><br \/>\n            <strong>January 1\u201331, 2021<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td colspan=\"5\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">Sales<\/td>\n<td colspan=\"5\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">Average Price<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"max-width:28%;width:28%;min-width:28%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td colspan=\"2\" style=\"max-width:12%;width:12%;min-width:12%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">416<\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">905<\/td>\n<td colspan=\"2\" style=\"max-width:12%;width:12%;min-width:12%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">Total<\/td>\n<td colspan=\"2\" style=\"max-width:12%;width:12%;min-width:12%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">416<\/td>\n<td colspan=\"2\" style=\"max-width:12%;width:12%;min-width:12%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">905<\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">Total<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Detached<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">522<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">2,244<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">2,766<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">$1,581,400<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">$1,308,393<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">$1,359,915<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 15.0px;border-left: solid black 1pt;border-right: solid black 1pt\">\n            <strong>Yr.\/Yr. % Change<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">30.2%<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">35.4%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">34.4%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">16.0%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">36.6%<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">31.2%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Semi-Detached<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">162<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">344<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">506<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">$1,204,857<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">$898,810<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">$996,794<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 15.0px;border-left: solid black 1pt;border-right: solid black 1pt\">\n            <strong>Yr.\/Yr. % Change<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">84.1%<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">35.4%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">48.0%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">21.5%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">25.4%<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">26.6%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Townhouse<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">259<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">865<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">1,124<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">$814,396<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">$800,339<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">$803,578<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 15.0px;border-left: solid black 1pt;border-right: solid black 1pt\">\n            <strong>Yr.\/Yr. % Change<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">46.3%<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">44.4%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">44.8%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">4.1%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">20.0%<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">15.9%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Condo Apartment<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">1,703<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">768<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">2,471<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">$624,886<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">$547,488<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">$600,830<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 15.0px;border-left: solid black 1pt;border-right: solid black 1pt\">\n            <strong>Yr.\/Yr. % Change<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">85.5%<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">85.5%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">85.5%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">-8.0%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">4.8%<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">-4.7%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">\n            <strong>\u00a0<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\" style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">\n            <strong>January 2021 Year-Over-Year Per Cent Change in the MLS\u00ae HPI<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>\u00a0<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">Composite <br \/>(All Types)<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">Single-Family<br \/> Detached<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">Single-Family<br \/> Attached<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">Townhouse<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: middle\">Apartment<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>TRREB Tot<\/strong><br \/>\n            <strong>al<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">11.94%<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">16.64%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">15.61%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">12.86%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">1.70%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Halton Re<\/strong><br \/>\n            <strong>gion<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">18.27%<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">21.78%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">22.03%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">16.61%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">7.56%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Peel Regi<\/strong><br \/>\n            <strong>on<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">12.91%<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">15.61%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">16.40%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">12.68%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">4.21%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>City of Tor<\/strong><br \/>\n            <strong>onto<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">4.99%<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">11.84%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">9.59%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">9.31%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">0.00%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>York Regi<\/strong><br \/>\n            <strong>on<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">13.34%<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">15.20%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">14.78%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">10.14%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">5.86%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Durham R<\/strong><br \/>\n            <strong>egion<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">24.40%<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">24.08%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">27.59%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">25.63%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">14.99%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Orangevil<\/strong><br \/>\n            <strong>le<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">21.01%<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">20.86%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">22.83%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">&#8211;<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>South Simcoe County<\/strong><br \/>\n            <sup><br \/>\n              <strong>1<\/strong><br \/>\n            <\/sup>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">25.23%<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">25.51%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">17.69%<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">&#8211;<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;border-right: solid black 1pt;vertical-align: middle\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <strong>Source: Toronto Regional Real Estate Board<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\" style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">\n            <sup><br \/>\n              <strong>1<\/strong><br \/>\n            <\/sup><br \/>\n            <strong>South Simcoe includes Adjala-Tosorontio, Bradford West Gwillimbury, Essa, Innisfil and New Tecumseth<\/strong>\n          <\/td>\n<\/tr>\n<\/table>\n<p>\n        \n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"5\" style=\"vertical-align: bottom\">\n            <strong>Seasonally Adjusted TRREB MLS\u00ae Sales and Average Price<sup>1<\/sup><\/strong>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:40%;width:40%;min-width:40%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:15%;width:15%;min-width:15%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:15%;width:15%;min-width:15%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"max-width:15%;width:15%;min-width:15%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:15%;width:15%;min-width:15%;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Sales<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Month-over-<br \/>Month % Chg.<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Average Price<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Month-over-<br \/>Month % Chg.<\/td>\n<\/tr>\n<tr>\n<td>January &#8217;20<\/td>\n<td style=\"text-align: center;vertical-align: middle\">7,055<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">-2.4%<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;text-align: center;vertical-align: middle\">$874,695<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">-0.2%<\/td>\n<\/tr>\n<tr>\n<td>February &#8217;20<\/td>\n<td style=\"text-align: center;vertical-align: middle\">8,727<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">23.7%<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;text-align: center;vertical-align: middle\">$905,553<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">3.5%<\/td>\n<\/tr>\n<tr>\n<td>March &#8217;20<\/td>\n<td style=\"text-align: center;vertical-align: middle\">7,023<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">-19.5%<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;text-align: center;vertical-align: middle\">$895,785<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">-1.1%<\/td>\n<\/tr>\n<tr>\n<td>April &#8217;20<\/td>\n<td style=\"text-align: center;vertical-align: middle\">2,416<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">-65.6%<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;text-align: center;vertical-align: middle\">$791,355<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">-11.7%<\/td>\n<\/tr>\n<tr>\n<td>May &#8217;20<\/td>\n<td style=\"text-align: center;vertical-align: middle\">3,683<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">52.4%<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;text-align: center;vertical-align: middle\">$828,392<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">4.7%<\/td>\n<\/tr>\n<tr>\n<td>June &#8217;20<\/td>\n<td style=\"text-align: center;vertical-align: middle\">6,530<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">77.3%<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;text-align: center;vertical-align: middle\">$904,625<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">9.2%<\/td>\n<\/tr>\n<tr>\n<td>July &#8217;20<\/td>\n<td style=\"text-align: center;vertical-align: middle\">9,390<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">43.8%<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;text-align: center;vertical-align: middle\">$951,247<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">5.2%<\/td>\n<\/tr>\n<tr>\n<td>August &#8217;20<\/td>\n<td style=\"text-align: center;vertical-align: middle\">10,448<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">11.3%<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;text-align: center;vertical-align: middle\">$981,298<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">3.2%<\/td>\n<\/tr>\n<tr>\n<td>September &#8217;20<\/td>\n<td style=\"text-align: center;vertical-align: middle\">9,996<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">-4.3%<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;text-align: center;vertical-align: middle\">$951,864<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">-3.0%<\/td>\n<\/tr>\n<tr>\n<td>October &#8217;20<\/td>\n<td style=\"text-align: center;vertical-align: middle\">9,721<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">-2.8%<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;text-align: center;vertical-align: middle\">$956,009<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">0.4%<\/td>\n<\/tr>\n<tr>\n<td>November &#8217;20<\/td>\n<td style=\"text-align: center;vertical-align: middle\">9,308<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">-4.2%<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;text-align: center;vertical-align: middle\">$964,141<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">0.9%<\/td>\n<\/tr>\n<tr>\n<td>December &#8217;20<\/td>\n<td style=\"text-align: center;vertical-align: middle\">11,281<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">21.2%<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;text-align: center;vertical-align: middle\">$975,050<\/td>\n<td style=\"padding-right: 0;text-align: center;vertical-align: middle\">1.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: solid black 1pt\">January &#8217;21<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\">11,506<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\">2.0%<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\">$1,008,947<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\">3.5%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: bottom\">Source: Toronto Regional Real Estate Board; CREA Seasonal Adjustment<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"6\">\n            <sup>1 <\/sup>Preliminary seasonal adjustment undertaken by the Canadian Real Estate Association (CREA).\u00a0 Removing normal seasonal variations allows for more meaningful analysis of monthly changes and underlying trends.<\/td>\n<\/tr>\n<\/table>\n<p>\n        <strong>TRREB Annual MLS\u00ae System Statistics<\/strong><br \/>\n        <br \/>\n        <strong>2021 Sales, New Listings and Average Price Outlook<\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:25%;width:25%;min-width:25%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Year<\/td>\n<td style=\"max-width:25%;width:25%;min-width:25%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Sales<\/td>\n<td style=\"max-width:25%;width:25%;min-width:25%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">New Listings<\/td>\n<td style=\"max-width:25%;width:25%;min-width:25%;border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Average Price<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">2016<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">113,040<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">154,230<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">$729,821<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">2017<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">92,340<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">178,412<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">$822,496<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">2018<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">78,018<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">156,504<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">$787,845<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">2019<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">87,750<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">152,737<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">$819,853<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">2020<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">95,115<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">156,755<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">$929,692<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2021(F)<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">105,000<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">160,000<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">$1,025,000<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">Source: TRREB<\/td>\n<\/tr>\n<\/table>\n<p align=\"left\">FOR THE FULL REPORT, CLICK <a href=\"https:\/\/trreb.ca\/hlfiles\/pdf\/mw_jan_2021_9547631287564923.pdf\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">HERE<\/a>.<\/p>\n<p>Media Inquiries:<br \/>Genevieve Grant, Public Affairs Specialist <a href=\"mailto:ggrant@trebnet.net\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ggrant@trebnet.net<\/a> 416-443-8159<\/p>\n<p align=\"center\">\n        <a href=\"http:\/\/www.trreb.ca\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.trreb.ca\/<\/a>\n      <\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.facebook.com\/groups\/trebypn\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.facebook.com\/groups\/trebypn\/<\/a><br \/>\n        <br \/>\n        <a href=\"https:\/\/twitter.com\/TheReal_TRREB\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/twitter.com\/TheReal_TRREB<\/a><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.youtube.com\/user\/TREBChannel\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.youtube.com\/user\/TREBChannel<\/a><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.pinterest.com\/trebhome\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.pinterest.com\/trebhome\/<\/a><br \/>\n        <br \/>\n        <a href=\"http:\/\/www.linkedin.com\/company\/toronto-regional-real-estate-board\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/www.linkedin.com\/company\/toronto-regional-real-estate-board\/<\/a><br \/>\n        <br \/>\n        <a href=\"http:\/\/www.trebwire.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/www.trebwire.com\/<\/a><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.instagram.com\/thereal_trreb\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.instagram.com\/thereal_trreb\/<\/a><br \/>\n        <br \/>\n        <a href=\"https:\/\/soundcloud.com\/readytorealestate\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/soundcloud.com\/readytorealestate<\/a>\n      <\/p>\n<p align=\"center\">The Toronto Regional Real Estate Board is Canada\u2019s largest real estate board with more than 57,000 residential and commercial professionals connecting people, property and communities.<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE0ODU4MSMzOTY0NDUwIzIwODQ5NDI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/5cc4f805-9c19-4a64-b3ed-2fd71096d78b\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Highly Anticipated Outlook Report and New Digital Digest Unveiled TORONTO, Feb. 08, 2021 (GLOBE NEWSWIRE) &#8212; The outlook for the GTA real estate market is healthy with strong buying intentions, a near-record sales forecast of more than 100,000, and a record average selling price over $1 million. Today, the Toronto Regional Real Estate Board (TRREB) is unveiling its must-read Market Year in Review &amp; Outlook 2021 Report and eagerly awaited digital digest containing TRREB\u2019s annual market outlook, up-to-date Ipsos consumer polling results, the most recent Altus new home and commercial statistics, rental market trends, research on innovative approaches to bring on more housing supply and mortgage market trends. \u201cThe pandemic certainly resulted in an unprecedented year for real estate in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/trreb-forecasts-strong-demand-for-real-estate-in-2021\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;TRREB Forecasts Strong Demand for Real Estate in 2021&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-430831","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TRREB Forecasts Strong Demand for Real Estate in 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/trreb-forecasts-strong-demand-for-real-estate-in-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TRREB Forecasts Strong Demand for Real Estate in 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Highly Anticipated Outlook Report and New Digital Digest Unveiled TORONTO, Feb. 08, 2021 (GLOBE NEWSWIRE) &#8212; The outlook for the GTA real estate market is healthy with strong buying intentions, a near-record sales forecast of more than 100,000, and a record average selling price over $1 million. Today, the Toronto Regional Real Estate Board (TRREB) is unveiling its must-read Market Year in Review &amp; Outlook 2021 Report and eagerly awaited digital digest containing TRREB\u2019s annual market outlook, up-to-date Ipsos consumer polling results, the most recent Altus new home and commercial statistics, rental market trends, research on innovative approaches to bring on more housing supply and mortgage market trends. \u201cThe pandemic certainly resulted in an unprecedented year for real estate in &hellip; Continue reading &quot;TRREB Forecasts Strong Demand for Real Estate in 2021&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/trreb-forecasts-strong-demand-for-real-estate-in-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-08T17:03:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE0ODU4MSMzOTY0NDUwIzIwODQ5NDI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trreb-forecasts-strong-demand-for-real-estate-in-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trreb-forecasts-strong-demand-for-real-estate-in-2021\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"TRREB Forecasts Strong Demand for Real Estate in 2021\",\"datePublished\":\"2021-02-08T17:03:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trreb-forecasts-strong-demand-for-real-estate-in-2021\\\/\"},\"wordCount\":1242,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trreb-forecasts-strong-demand-for-real-estate-in-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE0ODU4MSMzOTY0NDUwIzIwODQ5NDI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trreb-forecasts-strong-demand-for-real-estate-in-2021\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trreb-forecasts-strong-demand-for-real-estate-in-2021\\\/\",\"name\":\"TRREB Forecasts Strong Demand for Real Estate in 2021 - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/trreb-forecasts-strong-demand-for-real-estate-in-2021\/","og_locale":"en_US","og_type":"article","og_title":"TRREB Forecasts Strong Demand for Real Estate in 2021 - Market Newsdesk","og_description":"Highly Anticipated Outlook Report and New Digital Digest Unveiled TORONTO, Feb. 08, 2021 (GLOBE NEWSWIRE) &#8212; The outlook for the GTA real estate market is healthy with strong buying intentions, a near-record sales forecast of more than 100,000, and a record average selling price over $1 million. Today, the Toronto Regional Real Estate Board (TRREB) is unveiling its must-read Market Year in Review &amp; Outlook 2021 Report and eagerly awaited digital digest containing TRREB\u2019s annual market outlook, up-to-date Ipsos consumer polling results, the most recent Altus new home and commercial statistics, rental market trends, research on innovative approaches to bring on more housing supply and mortgage market trends. \u201cThe pandemic certainly resulted in an unprecedented year for real estate in &hellip; Continue reading \"TRREB Forecasts Strong Demand for Real Estate in 2021\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/trreb-forecasts-strong-demand-for-real-estate-in-2021\/","og_site_name":"Market Newsdesk","article_published_time":"2021-02-08T17:03:32+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE0ODU4MSMzOTY0NDUwIzIwODQ5NDI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trreb-forecasts-strong-demand-for-real-estate-in-2021\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trreb-forecasts-strong-demand-for-real-estate-in-2021\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"TRREB Forecasts Strong Demand for Real Estate in 2021","datePublished":"2021-02-08T17:03:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trreb-forecasts-strong-demand-for-real-estate-in-2021\/"},"wordCount":1242,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trreb-forecasts-strong-demand-for-real-estate-in-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE0ODU4MSMzOTY0NDUwIzIwODQ5NDI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trreb-forecasts-strong-demand-for-real-estate-in-2021\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/trreb-forecasts-strong-demand-for-real-estate-in-2021\/","name":"TRREB Forecasts Strong Demand for Real Estate in 2021 - 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