This time last year, Ontario had been in a state of emergency for close to a month due to COVID-19, market activity slowed down tremendously, and our Broker of Record Conrad Zurini was keeping us all up-to-date with his online vlog series ‘Weekly Updates with Wine”. This year, we are once again in a state of emergency, BUT we don’t need Conrad’s vlog to tell us that the market is fiery hot!
Appointments are predictably up 814.5% year over year, and a staggering 136.1% from 2019. This means that not only did the market bounce back from the first lockdown, but we have far exceeded even a typical March.
The sold/appointment index continues to inch upward reflecting the increased inventory available to buyers.
In Hamilton, luxury price ranges are once again slipping down the list and are replaced with mid price ranges, which is historically more normal for Hamilton. $1-2M price ranges continue to be the most popular in Burlington, followed by mid-high ranges. Niagara continues to be more affordable, with $450-500k ranges at the top, but $800-900k homes made an appearance in the #2 spot.