401  TEAM

401 TEAM

Real Estate Team

Royal LePage Ignite Realty Brokerage*

Mobile:
(416) 655-4040
Office:
(416) 282-3333
Email Me
401  TEAM

401 TEAM

Real Estate Team

Royal LePage Ignite Realty Brokerage*

Mobile:
(416) 655-4040
Office:
(416) 282-3333
Email Me

Toronto and Region Real Estate Market - April 2020

Have you been hearing that we are going to have an increase in mortgage arrears? Well you have to watch the video, we break the numbers down for you!

One of the questions that we have been hearing  from our buyers is asking us if they can get a bargain in Toronto and Regional Real Estate, our answer, No sorry, atleast not yet!
 
Overall in Toronto Regional Real Estate Market, we have had 67% decline is sales (2975) on a Y/Y basis.
New Listings (6174) on the market for the monthe of April declined 64% Y/Y , new listings refer to listings that were added in that particular month, in this case April.
Active Listings (10,561) declined 41% Y/Y 
Months of Inventory was at 3.5, an increase of 166% from a month ago.
MLS Composite Index Price for TRREB (Toronto Regional Real Estate Board) overall was $870,100 up 10% Y/Y, and Up 0.6% M/M.
Condo MLS Benchmark $598,700 was up13% Y/Y and 1% M/M
 
Although this concludes that we are nowhere near a Buyer's market, we aren't in a great seller's market either. We are very closed a Balanced Market. If in the following months the consumption of the active listings does not increase then there is a chance we can inch into a Balanced Market.
 

City of Toronto April 2020 - Real Estate Market

 
Sales (1036) down 68%
New Listings (2223) down 55%
Active Listings (3470) down 35%
The Months of Inventory (MOI) in Toronto for April was 3.5. Again indicating that it is a sellers market, however this is not as strong as last year same time (1.7 MOI) or last month (1.2 MOI).
Composite Benchmark Price $964,600, up 10% Y/Y and 1% M/M
Condo Apartment Benchmark Price $631,800 up 13% Y/Y and 1% M/M
 
In Conclusion, the only way the prices will start to decline is if more inventory piles up as consumption either decreases or stays the same. Lets wait and see!
 
Are you looking to sell your property or buy your dream home and you need an honest advice? Give us a call, no pressure! We will always advise you as if we were buying or selling! Remember Numbers Don't Lie, let us break it down for you!
 
☎️ Ragu Rajaguru- 416.712.2006
Real Estate Broker, ABR, SRS
 
☎️ Shan Perinpanathan - 416.655.4040
Real Estate Broker, ABR, SRS
 
☎️ Ragu Paramsothy- 416.731.7148
Real Estate Broker, B.Sc
 
Info@401team.com
 
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(416) 655-4040

  

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Shan Perinpanathan 401Team

SHAN PERINPANATHAN
Real Estate Broker, ABR, SRS, CSP Elite™ Agent
 
Direct: 416.655.4040
Email: shan@401team.com
 
As an interior designer, renovator, artist, IT professional, Business Manager and experienced Realtor, I have the unique abilities and skills that can help any seller or buyer to make best sound decisions. With a through understanding of the current market and past/present trends, I help my clients make the real move and sell for the best price possible. I have extensive experience with multiple offer/bidding war situations and have helped my clients obtain their dream homes stress-free.
I have lived in Mississauga for 20 years, Brampton for 6 years and finally transitioned to Oshawa, calling Taunton community my home. In my career, I have helped my clients buy and sell homes throughout the Greater Toronto Area, specializing in preconstruction Condos and local market homes for sale. Brampton, Mississauga, Toronto, Pickering, Ajax, Whitby, Bowmanville or Oshawa homes for sale, we have access to major inventory on or off market. We pride our services on delivering professional results every time and developing honest relationships with all our clients. So go ahead and make that call, see what makes us different in the real estate industry. 

  
 
 
 
 
Ragu Rajaguru 401Team
RAGU RAJAGURU
Real Estate Broker, ABR, SRS
 
Direct: 416.712.2006
Email: ragu@401team.com
 
Real Estate is not only a Career for me but a true Passion!
From earlier on when I embarked in my first career in Human Resource, I quickly realized the importance of VALUE!
When I  started to pursue my passion in Real Estate, I quickly realized the importance of giving value. I realized the importance of providing a knowledgeable, valuable and integrity oriented service.
What better way to provide this to my clients than  joining a team that mirrored my aspiration and belief!
I take pride living in Oshawa and servicing the local market and surrounding areas. Being an Oshawa Real Estate agent for many years, I have knowledge about the communities and the growing developments throughout the city.
 
Let’s work together! Please contact us today.

 



Specialty: Residential, Commercial, Pre-Construction; | Oshawa homes for sale | Brampton homes for sale | Mississauga homes for sale | Ajax homes for sale | Pickering homes for sale | Toronto condos for sale | New Condos For Sale |

Experience: 21 Years Experience - Team

Awards: Red Diamond Award 2019

Area Covered: Durham & Peel Region

Languages Spoken: English, Tamil