Steven  Maislin

Steven Maislin

Broker, Certified Specialist IRES, ABR, SRS, SRES, RENE

RE/MAX Realtron Realty Inc., Brokerage*

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November 2021 Dear Friend

November 2021

Dear Friend

Despite a record low inventory of homes available for sale in Toronto, the level of sales
reached the second-highest level on record for October. Nine thousand seven hundred eighty-three homes sold
in October, surprising many, not that the demand was so high, but that the need was
met to so great a degree. With the listing inventory remaining so low, prices had
nowhere to go but up. Since the start of the year, costs on average have increased by
17% and increased 19.3% over October of 2020. With only 7,750 homes available for
sale as of the end of October, November should continue increasing multiple
offers and price increases.
Prices increased across all major home types compared to last year. The annual rate of
average price growth remained in the double digits, including the 416-area code
condominium apartment segment, which was lagging in comparison, but is slowly
making its way back.
The only sustainable way to address housing affordability in the GTA is to deal with the
persistent mismatch between demand and supply. The market isn’t going away. And that’s
why all three levels of government need to focus on supply. I ask you to get involved.
Please let our politicians know how you feel and keep housing affordable for all
Despite the lack of inventory, with 1.2 million new immigrants coming to Canada over
the next three years, today represents an excellent time to upgrade your home or
purchase an investment property for you and your family's future.
Would you please give me a call? I would be pleased to discuss the market and the opportunities
that exist in it. And let me assure you that opportunities do exist! You need
someone with my experience that can help you and your family achieve your goals.

Have a great November

Your Friend in Real Estate.

PS if you know of someone who is thinking of buying or selling, please let me know. And I will gladly help them out.

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