Alex  Lui

Alex Lui

Sales Representative

Right at Home Realty, Brokerage*

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Alex Lui's blog

August 2020 - Continual Run of a Pandemic Hot Market

September 3, 2020 – Toronto Regional Real Estate Board (TRREB) President Lisa Patel announced that the strong rebound in Greater Toronto Area (GTA) home sales continued with a record result for the month of August. GTA REALTORS® reported 10,775 residential sales through TRREB’s MLS® System in August 2020 – up by 40.3 per cent compared to August 2019.

Mandatory Short-term Rental Registration Coming Soon

Short-term rental operators in Toronto who rent out properties for periods of less than 28 days will have to formally register with the City of Toronto starting September 10, 2020, to keep operating in the city. The new online registration system is part of a broader effort to better regulate short-term rentals across the city, and more details will be announced by the city prior to the system becoming active.

People Currently Renting Their Home

Not Your Typical July Summer Market - Roaring Back to Life

On August 6, 2020, the Toronto Regional Real Estate Board President Lisa Patel announces that Greater Toronto Area REALTORS® reported 11,081 sales through TRREB’s MLS® System in July 2020 – a 29.5 per cent increase over July 2019 and a new record for the month of July. On a preliminary seasonally adjusted basis, sales were up by 49.5 per cent compared to June 2020.

June 2020 Market Report - Red Hot Summer Market

On July 7, 2020, Toronto Regional Real Estate Board President Lisa Patel announced that Greater Toronto Area REALTORS® reported 8,701 sales through TRREB’s MLS® System in June 2020. This result represented a very substantial increase over the May 2020 sales result, both on an actual (+89 per cent) and seasonally adjusted basis (+84 per cent), and was only down by 1.4 per cent compared to June 2019.

Canadian Real Estate Market Is Immune to COVID-19 - Almost

May 2020 Real Estate Stats - Price hardly affected by Pandemic

On June 3, 2020, Toronto Regional Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 4,606 sales through TRREB’s MLS® System in May 2020. This result was down by 53.7 per cent compared to May 2019. While the number of sales was down substantially on a year-over-year basis due to the continued impact of COVID-19, the decline was less than the 67.1 per cent year-over-year decline reported for April 2020.

Covid-19 April 2020 Real Estate Sales Data - Frozen and Hardly Any Effect On Property Value

On May 5, 2020, the Toronto Regional Real Estate Board President Michael Collins released the following key housing market statistics for April 2020:

Home Sales and Listings

March 2020 TRREB Resale Properties Statistics

On April 3, 2020, Toronto Regional Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,012 home sales through TRREB’s MLS® System in March 2020 – up by 12.3 per cent compared to 7,132 sales reported in March 2019.

The Tide Has Turned - Seller's Market

On MARCH 4, 2020, the Toronto Regional Real Estate Board reported the GTA real estate market is In line with the forecast contained in the Toronto Regional Real Estate Board’s recently released  Market Year in Review and Outlook Report, TRREB President Michael Collins announced a very strong year-over-year sales and price growth in February 2020.

2020 January Sales Data - Coronavirus Scare, Low Inventory in February 2020

On February 6, 2020, the TRREB (Toronto Regional Real Estate Borad, formerly called Toronto Real Estate Board) President Michael Collins announced that Greater Toronto Area REALTORS® reported 4,581 home sales through TRREB’s MLS® System in January 2020 – up by 15.4 per cent compared to January 2019.

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