Toronto housing prices continue to skyrocket in 2021?!
2021 New Year, New Market
Property values are at their peak!
In spite of the COVID-19 pandemic, from 2020 to the beginning of 2021, Toronto’s low-rise property market has not only remained unaffected, but sales and property prices have surged! According to the data presented by TREB, property prices in the Greater Toronto Area have increased by 11% over the past year.
Since the beginning of 2021, Toronto’s housing market has been surging rapidly. Recently, in the small town of Stouffville, a detached single garage property measuring only 2000 square feet was sold for the price of a detached double garage property. Furthermore, a property with an asking price of $788,000 was sold for nearly $1.3 million!! It was sold for 163% of the asking price!!
In many forums, Ontarians are describing the housing market as “white-hot”…
- The market is crazy. Last summer a property would only sell for a maximum of $900,000. I really regret not buying in Stouffville.
- For the same type of property, the prices in Stouffville have already surpassed Cornell. There’s a single garage, 3 bedroom property constructed in the early 2000s in Cornell that was sold for $1 million in January. After the New Year, properties in the GTA have been experiencing a crazy surge.
- Even Stouffville is experiencing a crazy surge, to what extent will GTA’s property prices increase this year? A 3 bedroom, 3 bathroom, single garage house so far northeast and close to the main road with an asking price of $788,000 sold for $1.3 million and received a total of 43 offers.
- I have to say, the current market is too crazy.
- Congratulations to those who purchased a property in Stouffville in the past year! A 3 bedroom, 3 bathroom, single garage house with an asking price of $788,000 sold for $1.3 million and received 43 offers. There are still a few properties left, now’s the best time to purchase.
- The prices are going to continue skyrocketing, we need to buy now!
- Everyone’s making offers…
The answer is none of the above! The secret lies within choosing a reputable agency. The homeowner of this property made the excellent decision to entrust Bay Street Anjia Realty with the listing process. Our realty firm has been the leading firm in Markham for four consecutive years and running; holding the title of Markham’s real estate sales champion in 2017, 2018, 2019, and 2020!
Rest assured, choose Anjia with confidence.
Our Guarantee
Anjia Realty promises to attract the greatest number of potential buyers by providing multi-faceted publicity both before and after the listing process, ensuring that there will be no missed opportunities.
Traditional promotional approach
Social media promotion
Promotion through professional advertising sites
Google Ads
Youtube video promotion
Prior to the listing, Anjia Realty will employ services to repair, decorate, move, and store the interior of the house and provide professional photography services to capture the property in a manner that attracts potential buyers.
360 virtual tour
To accommodate and adapt to the current pandemic, Anjia Realty not only provides clients with photos of properties, but also offers a 3D panoramic virtual tour. International buyers and buyers who are reluctant to visit in person have the option to digitally browse the floor plan and other aspects of the property from the comfort of their own home.
Offer Day Preparation
Preparing a staggering total of 43 offers!
We successfully decided on an offer and sold the property for an astonishing 163% of the asking price! $1.3 million exceeded the price of many detached double garage properties in the same area! As a result, we broke the record for the highest transaction in Stouffville district for the same type of property in the past 10 years!!
With our credentials and title as the real estate champion in Markham for four consecutive years, we can confidently achieve a record-breaking transaction!
Despite the ongoing pandemic, the market will continue to skyrocket due to the following factors:
- The government’s implementation of a vaccine plan
- The consistent arrival of new immigrants
- The lowest loan and bank interest rates in recent years
- A high demand for properties by international students
To conclude
In 2021, Toronto’s property values will rapidly surpass those of 2020!
- Do you want to sell your property for the highest price possible?
- Do you want to find your dream home?
- Do you want to invest in real estate?
If your answer to any of the above is yes, now is the perfect time to take the plunge! Don’t miss this opportunity!
Please contact us as soon as possible
Choose Anjia with confidence and we will guarantee your satisfaction!
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