As the regions in Ontario gradually open up and we adjust to a new normal, we take a look at the current state of the Ontario real estate market.
This June 2020 Monthly Market Insights Report, from Teranet, shares data and industry trends to provide you a clearer picture of the mortgage and sales registrations in the province.
As of May 2020, there were 38,800 residential mortgage transactions, which was a decrease from the 42,300 transactions in 2019 and 45,600 transactions in 2018. This makes May the first month in 2020 to experience a decline in mortgage registrations compared to the same time in the previous year, indicating that COVID-19 is beginning to impact the mortgage registration activity.
The report also features in-depth analysis and further details on the following:
- The mortgage registration volume and dollar amount.
- The breakdown of mortgage registrations by the municipality.
- The breakdown of mortgage registrations by property type.
- The sales registrations for residential properties.
Access the June 2020 Teranet Monthly Market Insights Report for free. Download it here: https://a2216.actonsoftware.com/acton/attachment/2216/f-7dd6a7ae-c9b6-43a3-89aa-f2cee2ad00c7/1/-/-/-/-/Teranet%20Monthly%20Market%20Insights%20Newsletter%20June%202020%20R2.pdf
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Stay on top of Canadian real estate trends as the COVID-19 pandemic continues. GeoWarehouse provides up-to-date property data that shows comparable sales, neighbourhood demographics, estimated property value, and beyond.
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