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 Real Estate Board Market Report - MARCH 2020

How Will COVID-19 affect the real estate market?

Toronto Real Estate Market Report - March 2020
 
RBC Expects 30% Sales decline across the country and a 40% surge for next year.
Amid COVID-19 where is the market headed for spring according to Toronto Real Estate Board?
What we can truly look at is present numbers, as for expectation and perception, you can come up with any number!
 
On a Year/Year Treb report as a whole:
Overall Active Listings (inventory) - Down 32%
Sales up 12.3%
MOI (Months of Inventory) 1.3 - Sellers Market
However... For the second half of March sales were down 16% y/y
Conversely new listings are down 18% for the second half of March
Home Price Index Composite Benchmark Price was up 11.1% y/y and 2.3% up on a month over month.
 
Although first half of March was promising, the second half of March amid covid19 was alot slower in terms of activity.
Since 2019 Picked up tremendously in spring time ( April, May) conversely this year we are going to be lower year over due to covid19.
 
In my opinion next month and May if COVID-19 remains, y/y sales numbers are going to be lower, new listings wiil decline (people dont want to sell if they dont have to), will prices be affected? The answer is how desperate current sellers will be and how they perceive COVID-19.
 
In my opinion with low interest rate, once COVID-19 has peaked and consumers gain confidence, the market will shoot up very sharply!
Let's wait and watch, please call/txt for any questions or concerns!
 
For more information on your home's value, please call us directly.
 
☎️ 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