Taufiq  Alam

Taufiq Alam

Sales Representative

Century 21 Titans Realty Inc., Brokerage *

Mobile:
647-239-2083
Office:
416-289-2155
Email Me
Taufiq  Alam

Taufiq Alam

Sales Representative

Century 21 Titans Realty Inc., Brokerage *

Mobile:
647-239-2083
Office:
416-289-2155
Email Me

CREA March 2020 Statistics

CREA March 2020 Statistics

April 15, 2020 @ 9:32 AM

Posted by: DRAR

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and listings were down sharply between February and March 2020.

 

Highlights:

  • National home sales fell 14.3% on a month-over-month (m-o-m) basis in March.
  • Actual (not seasonally adjusted) activity was up 7.8% year-over-year (y-o-y).
  • The number of newly listed properties dropped 12.5% m-o-m.
  • The MLS® Home Price Index (HPI) advanced by 0.8% m-o-m and 6.9% y-o-y.
  • The actual (not seasonally adjusted) national average sale price climbed 12.5% y-o-y.
  •  

Home sales recorded over Canadian MLS® Systems dropped by 14.3% in March 2020 compared to February, as the economic turmoil and physical distancing rules surrounding the COVID-19 pandemic caused both buyers and sellers to increasingly retreat to the sidelines over the second half of the month. 

 

 

With COVID-19 protocols in place, there are no longer open houses, and in-person showings are being discouraged. That doesn't change the fact that some people still need to buy and sell homes - for many reasons.

Inventory has not picked up substantially, as new listings continue to hit the market at a pace close to sales, thereby keeping prices relatively in line with February levels. There are segments that have changed, and I will expand on those later on in this article.

Durham Region's real estate market is anything but normal due to the health crisis that has affected virtually all aspects of life. While sales volume has significantly dropped since the mid-point of March, the local market is in surprisingly good condition overall.

Real estate brokerages (and supporting services) continue to operate, with most offices closed to the public, and business being conducted using technology instead of in-person where possible.

 

 

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About Me

A Professional  Real Estate Agent Can Help You With Following things.

1. They have loads of expertise

Want to check the MLS for a 4B/2B with an EIK and a W/DReal estate has its own language, full of acronyms and semi-arcane jargon, and your Realtor is trained to speak that language fluently.

Plus, buying or selling a home usually requires dozens of forms, reports, disclosures, and other technical documents. Realtors have the expertise to help you prepare a killer deal—while avoiding delays or costly mistakes that can seriously mess you up.

2. They have turbocharged searching power

The Internet is awesome. You can find almost anything—anything! And with online real estate listing sites such as yours truly, you can find up-to-date home listings on your own, any time you want. But guess what? Realtors have access to even more listings. Sometimes properties are available but not actively advertised. A Realtor can help you find those hidden gems.

Plus, a good local Realtor is going to know the search area way better than you ever could. Have your eye on a particular neighborhood, but it's just out of your price range? Your Realtor is equipped to know the ins and outs of everyneighborhood, so she can direct you toward a home in your price range that you may have overlooked.

3. They have bullish negotiating chops

Any time you buy or sell a home, you're going to encounter negotiations—and as today's housing market heats up, those negotiations are more likely than ever to get a little heated.

You can expect lots of competition, cutthroat tactics, all-cash offers, and bidding wars. Don't you want a savvy and professional negotiator on your side to seal the best deal for you?

And it's not just about how much money you end up spending or netting. A Realtor will help draw up a purchase agreement that allows enough time for inspections, contingencies, and anything else that's crucial to your particular needs.

4. They're connected to everyone

Realtors might not know everything, but they make it their mission to know just about everyone who can possibly help in the process of buying or selling a home. Mortgage brokers, real estate attorneys, home inspectors, home stagers, interior designers—the list goes on—and they're all in your Realtor's network. Use them.

5. They adhere to a strict code of ethics

Not every real estate agent is a Realtor, who is a licensed real estate salesperson who belongs to the National Association of Realtors®, the largest trade group in the country.

What difference does it make? Realtors are held to a higher ethical standard than licensed agents and must adhere to a Code of Ethics.

6. They're your sage parent/data analyst/therapist—all rolled into one

The thing about Realtors: They wear a lot of different hats. Sure, they're salespeople, but they actually do a whole heck of a lot to earn their commission. They're constantly driving around, checking out listings for you. They spend their own money on marketing your home (if you're selling). They're researching comps to make sure you're getting the best deal.

And, of course, they're working for you at nearly all hours of the day and night—whether you need more info on a home or just someone to talk to in order to feel at ease with the offer you just put in. This is the biggest financial (and possibly emotional) decision of your life, and guiding you through it isn't a responsibility Realtors take lightly.



Education: Successfully Completed Real Estate as a Licences Professional With Following Courses-Residential, Commercial, Land Structure, Property Law, Appraisals And Also As a Mortgage Professional.

Specialty: Residential, Condo, Townhouse, Vacant Lands and Leasing Experts in Residential and Commercial Properties.

Experience: Working In Sales Since 1998. In Real Estate Since 2017

Awards: 5 top ten awards in Retail Sales and Customer Service and 1 Rising Star Awards in Real Estate.

Area Covered: Toronto,Pickering, Ajax, Whitby, Oshawa, Courtice, Bowmanville.

Languages Spoken: English