By: Gavin Chen

September 2018

Tags: 2018 Newsletter, Gavin Chen, The Gavin Chen Team, Toronto Real Estate, Oakville Real Estate, Mississauga Real Estate

September 2018 Fall has arrived!  The August market is up 8.5% in the number of transactions from August 2017.  Average pricing and the Home Price Composite Index are both up from 2017 - 4.7% and 1.5% from August 2017.  Month over month average selling price was down 0.2% on the back of the last 3 rising months.  Average cost of detached home in August 2018 was $977,187 and ...Read More

By: Gavin Chen

What's the best use of your investment property?

Tags: Homes in Toronto, Homes in Oakville, Homes in Mississauga, Toronto Investment Properties, Gavin Chen, The Gavin Chen Team

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By: Gavin Chen

Are You Covered?  Home Insurance Guide

Tags: Homes in Toronto, Homes in Oakville, Homes In Mississauga, Gavin Chen, The Gavin Chen Team, Home Insurance Coverage

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By: Gavin Chen

August 2018

Tags: 2018 Newsletter, Gavin Chen, The Gavin Chen Team, Toronto Real Estate, Oakville Real Estate, Mississauga Real Estate

August 2018   As predicted, the market is improving!  We saw an 18.6% increase in the number of transactions from last year and 6.6% increase from last month. Average pricing is up 4.6% from the same month last year and 3.1% from last month. What is most interesting is that these gains are happening during what is typically holiday months of July and August.  My feeling is that t...Read More

By: Gavin Chen

July 2018

Tags: 2018 Newsletter, Gavin Chen, The Gavin Chen Team, Toronto Real Estate, Oakville Real Estate, Mississauga Real Estate

July is upon us! The June market showed signs of improvement with sales up 2.4% from June 2017 and very positive 17.6% from the previous month of May.   The average sale price was up 2% year over year and 3.3% from the previous month showing a steady upward trajectory as buyers returned to the market. We are still 4.8% down in price year over year based on the MLS Home Price Index but...Read More

By: Gavin Chen

June 2018

Tags: 2018 Newsletter, Gavin Chen, The Gavin Chen Team, Toronto Real Estate, Oakville Real Estate, Mississauga Real Estate

WELCOME JUNE!   The market in May was down 22.2% compared to last year, but showed an improvement versus previous months in 2018 which were down over 30%.  The number of transactions were up fractionally (42 sales...I was right about increasing although by a smaller margin than I expected). The MLS Home Price Index Composite Benchmark was down 5.4% and average selling price was down 6...Read More

By: Gavin Chen

May 2018

Tags: 2018 Newsletter, Gavin Chen, The Gavin Chen Team, Toronto Real Estate, Oakville Real Estate, Mississauga Real Estate

Welcome May!  Finally, Spring has arrived. April's sales are down 32.1% compared to last year with 7,792 sales recorded.  The average selling price is down 12.4% but the MLS Home Price Index Composite Benchmark is only down 5.2% as the majority of the decrease has come from the slow sales in the luxury market.  Homes over 2M accounted for 5.5% of total sales versus 10...Read More

By: Gavin Chen

April 2018

Tags: 2018 Newsletter, Gavin Chen, The Gavin Chen Team, Toronto Real Estate, Oakville Real Estate, Mississauga Real Estate

  Spring is in the Air!  Not!  Welcome April!  Well I wish I had better news.  The market has slipped a bit further and the number of transactions are down 39.5% in March 2018 versus the same time in 2017.  This is balanced by the number of new listings also being down 12.4% from last year. Currently we are experiencing a larger than normal inventory of about 2-3 m...Read More

By: Gavin Chen

March 2018

Tags: 2018 Newsletter, Gavin Chen, The Gavin Chen Team, Toronto Real Estate, Oakville Real Estate, Mississauga Real Estate

  Welcome March! February was a slow month, no double about it.  Sales were down 34.9% compared to February 2017 which was a further slow down from January. My forecast of market tentativeness due to the new financing requirements and fair housing plan was correct, but maybe more like mild paralysis. ;) The condo market however has been and continues to be on fire.  Properties a...Read More

By: Gavin Chen

February 2018

Tags: 2018 Newsletter, Gavin Chen, The Gavin Chen Team, Toronto Real Estate, Oakville Real Estate, Mississauga Real Estate

  Welcome February!    Hope everyone is staying warm with all the Extreme Cold weather alerts this year. Maybe it's the cold weather or the change in the financing requirements, but the total sales transactions recorded in January 2018 was 4,019 which represents a 22% decrease from January 2017 which saw 5,155 transactions. The average selling price for a home in January 201...Read More