JANUARY 2021

REAL ESTATE
IN THE
VALLEY
2020 Year in Review and
Outlook for 2021

PREPARED BY:
Nadia Childs
Sales Representative

ON THE BLOCK REALTY INC.,

BROKERAGE
www.TorontoHomeHunt.com
A NOTE FROM NADIA
Hello 2021
Isn't it wild how much can change in a year? And wow! Didn't 2020 feel like a crazy rollercoaster?
In spite of the ups and downs, looking back I'm still super grateful for every moment, because it taught
me lessons of patience, resiliency, strength, courage and community, and I hope it did the same for you.

Our charming little neighbourhood came together in ways that were truly inspiring to see, from looking
out for our community's most vulnerable residents, to organizing socially distant activities for the kids,
supporting local businesses at the winter market, and ordering all the food from our many talented local
chefs, you have all demonstrated what the word 'community' really means.

It's all of these things and more that make the Valley such a desirable place to live; so it's no wonder that
the housing market in Warren Park has continued to trend upwards in recent years with no exception in
2020. As always, it's my pleasure to share with you this market report for the Warren Park Valley, with a
an outlook for the coming year. And as always, whether you plan on selling your Valley home soon, or
plan on living here forever, I want to be your trusted source for information, resources and support when
it comes to everything related to homeownership in the best neighbourhood in Toronto. I'm never too
busy for a chat, love networking with neighbours, and am committed to playing my part in keeping this
strong sense of community alive and well!

Looking forward to connecting with you all in 2021! All the best for an amazing year!

W02 REAL ESTATE REPORT - 2020 JN REVIEW PAGE 02

 TORONTO TRENDS
2020 saw the lowest interest rates on record, which spiked buyer activity in spite of extended
lockdowns and economic uncertainty.

Limited inventory in Toronto and a trend towards buyers looking for more space to live and work
at home, has created a trend to leaving the 416. Areas outside the GTA (Hamilton, Durham, Simcoe,
Peel) have all seen record price increases, with some Ontario communities experiencing more than
50% average price growth year over year.

An increase in home renovations - with nowhere to go and a desire for more space at home, the
number of new renovations has skyrockets with reports that nearly 40% of Ontario homeowners
started a significant home improvement project in 2020

With more people working from home and opting for more space, Toronto saw a major increase in
the number of Toronto condo sales, but only a 2% average drop in prices. There are already signs of
a rebound coming for 2021.

The once-raging rental market saw a major decline. With rent-freezes, a months-long moratorium
on evictions, and a mass exodus from downtown condos, rental prices declined by nearly 20% year
over year.
s

MARKET TRENDS
VALLEY TRENDS
A Turnkey home is what today's buyers are looking for, and they are willing to PAY for it in the
Valley! Fully updated valley homes with additions have been known to sell hundreds of
thousands of dollars above their not-so-updated counterparts.

Lot size matters and some streets are definitely more highly coveted than others. I'm looking at
you Magwood! Where my St. Mark's peeps at? The price history over the years doesn't lie.

Water penetration, sewage backups and street water main issues are becoming increasingly
noteworthy concerns for buyers, who are more sophisticated than ever.

As families increasingly renovate and lifestyles change, it's easy for property and boundary
disuputes to arise between neighbours. Such issues can create stigma, and can have lasting
effects on property values.

W02 REAL ESTATE REPORT - 2020 IN REVIEW PAGE 05

BY THE NUMBERS
Valley trumps Toronto

22
Number of homes
9
Average days on
-17%
Decline in the
sold in the Warren the market in the number of home
Park Valley in Valley. Average sales year over
2020. 14 were days in 2019 was year. 29 homes
semis and 8 were 18. sold in the Valley
detached. in 2019.

$1,177,846 +22%
Average price of a Valley Average price
home. Semis now sit at an growth year over
average price of $1,109,043 and year across all
the average price of a detached housing types in
was $1,298,250 the Valley

TORONTO AVERAGES
The valley fared better than the Toronto average for Semi and
detached sales. The average price of a Toronto detached home
in 2020 was $1,150,000 and the average price of a semi-
detached Toronto home was $908,726. Toronto as a whole saw
an increase in the number of sales.

W02 REAL ESTATE REPORT - 2020 IN REVIEW PAGE 04

RECENT SALES
A look at the 22 homes sold in the Warren Park Valley in 2020

To see all listings

click here

W02 REAL ESTATE REPORT - 2020 IN REVIEW PAGE 05

 RENTAL REPORT

$3107 AVERAGE
Average price of a Valley Home Rental in 2020

$3700 HIGH
Highest price for a house rental in the Valley YTD 2020

28 DOM
average days on the market for Valley rentals in 2020

11 AIR BNBS
The number of active short-term rental listings on the
AirBnB site as of January 1, 2021

A dramatic change in Toronto's rental market took place in 2020. With a

provincial freeze on Evictions from March - July, which was recently re-
instated in light of the new State of Emergency, and an increase in the
amount of available units for lease, prices have dropped significantly,
specifically in the downtown toronto condo rental market.

W02 REAL ESTATE REPORT - 2020 IN REVIEW PAGE 06

2021 MARKET OUTLOOK
Growth and Rebound

LOW INTEREST RATES

Rates are expected to stay low for the majority of 2021. This will
continue to motivate buyers, who will want to lock in the most
affordable rates in years. This will continue to put pressure on
the market, and prices will likely continue to rise as a result.

SLOW RECOVERY CONDOS

There are already signs in early 2021 of the condo market,
specifically in the downtown core, starting to rebound. Many
investors are starting to jump back into the market, with mass-
vaccination on the horizon and so much inventory available,
they are seeing a current opportunity that potentially won't last
much longer.

OVERALL PRICE GROWTH

Many of the big names in Real Estate are anticipating
anywhere between 7-12% growth in sales prices for 2021. It is
likely that condo sales will lead in number of sales, based on
affordability. In addition to interest rates, immigration will
continue to be a strong driver of demand. Move-up and Move-
over buyers will also continue to put pressure on the markets
outside of Toronto's immediate city centre.

STAY-CATIONS
With so few people traveling for recreation, buyers trends are
turning to recreational property purchase closer to home.
Cottages, vacation rentals, and waterfront properties will
continue to see upward pressure.

W02 REAL ESTATE REPORT - 2020 IN REVIEW PAGE 07

 NOT BUSINESS AS USUAL
Real estate has been deemed an essential service in Ontario, and we've
found a way to do business while keeping our clients and suppliers safe.
Some of those measures include:

Increased virtual showings

Masks and sanitizer at all listings
Physical Distancing while showing
Electronic offers & negotiations
Virtual closings
Virtual Opinions of Value

WHAT HASN'T CHANGED

My business has always been optimized for virtual success. Pre and post
pandemic you can expect the same standard of excellence including:

Complimentary Staging
Professional Photos & Video
Floor Plans & 3D Tour
Custom Website
Professional brochures
Extensive online marketing

W02 REAL ESTATE REPORT - 2020 IN REVIEW PAGE 08

 CONTACT ME
Selling/Buying
I'm so incredibly grateful for the business I've been able to
build in this neighbourhood. If you live in Warren Park
and are thinking of selling, I'd love to connect and show
you what sets me apart. Know someone who would love
the opportunity to live in our beloved Valley? Send them
my way because I would love to help them get in and can
provide the inside scoop! Your referrals continue to mean
the world to me!

B2B Networking
Own a local business and want to cross-promote? Let's
talk about possibilities!

www.TorontoHomeHunt.com
416-993-2214
nadia.childs@gmail.com
www.facebook.com/TorontoHomeHunt

@nadiachilds @TorontoHomeHunt

W02 REAL ESTATE REPORT - 2020 IN REVIEW PAGE 09