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Verity’s First Time Home Buyer Market Update – July 2020

Verity’s First Time Home Buyer Market Update – July 2020

Brandon, Christian and Scott discuss market stats and if ‘now’ is a good time to buy Toronto real estate. Jump to the topic of interest, based on the minutes/time stamp below.

1:10 – Toronto Real Estate Board “GTA Wide” housing statistics.

1:51 – Toronto Unemployment, GDP Growth figures.

4:14 – Map showing downtown core for topic of discussion.

4:36 – 1 year, 5 year and 10 year compound annual growth (House Price for the month of June) for Detached/Semi/Townhouse and Condo.

6:20 – 12 Month Rolling Average House Price 1 year, 5 year and 10 year compound annual growth for Detached/Semi/Townhouse and Condo.

8:49 – Number of Sales (based on home type) for Month of June 2020.

9:25 – Number of New Listings (based on home type) for month of June 2020.

9:52 – Number of Active Listings (supply) and contrast to the number of sales.

11:15 – Christian discusses multiple offers and home types (prevalence in different categories) in the East end of Toronto (Leslieville/Riverside/Riverdale/East York/Beach).

11:56 – Scott discusses multiple offers and home types (prevalence) in King/Queen West and West Queen West.

13:39 – Scott discusses outlier sales in King/Queen West.

16:14 – Brandon discusses Months of Inventory across home types in downtown core.

21:30 – Are new construction condos a good purchase/investment? Scott/Brandon and Christian share their opinions.

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Brandon Ware

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