{"id":7605,"date":"2021-03-03T17:17:09","date_gmt":"2021-03-03T22:17:09","guid":{"rendered":"https:\/\/www.teranet.ca\/insights\/ontarios-real-estate-market-marks-a-new-high-in-january-2021\/"},"modified":"2024-07-08T11:00:11","modified_gmt":"2024-07-08T15:00:11","slug":"ontarios-real-estate-market-marks-a-new-high-in-january-2021","status":"publish","type":"post","link":"https:\/\/www.teranet.ca\/fr\/insights\/ontarios-real-estate-market-marks-a-new-high-in-january-2021\/","title":{"rendered":"Ontario\u2019s Real Estate Market Marks a New High in January 2021"},"content":{"rendered":"

The real estate market started this year on a strong note with January experiencing a robust market as activity continued to soar.<\/p>\n

In January 2021, the residential mortgage registration volume, across all property types, was 43,442 \u2013 a 6.86% year-over-year increase from January 2020.<\/p>\n

The volume, reported in January 2021, was also higher than the total registration volume recorded in the past three years; trailing closely behind the previous high of 43,500 recorded in 2017.<\/p>\n

Total registration volume wasn\u2019t the only increase we saw. The total dollar amount of residential mortgages in January 2021 ($23.9 billion) surpassed last year\u2019s record ($18.9 billion). Not just that, the total dollar amount of residential mortgages was the highest it has been in the past seven years of data.<\/p>\n

Some other key observations for the month of January include:<\/p>\n

I. Only some lender categories experienced positive year-over-year growth in mortgage registrations. Trust Companies and the Big 6 Banks had the highest percentages by lender category which were 20.8% and 13.8% respectively. Individual lenders and credit unions experienced a decline of -22.4% and -18.6% respectively.<\/p>\n

II. The residential sales registration volume in January 2021 was 22,143 which outperformed the sales registration volume in January 2020 by 23.17%.<\/p>\n

III. Most municipalities with the top 10 highest registration volumes experienced a year-over-year increase from last year. Ottawa and Vaughan documented the strongest year-over-year performance with 16.5% and 14.6% respectively. Windsor and Toronto fell short with decreases in year-over-year performance of -5.4% and -4.9% respectively.<\/p>\n

IV. All property types experienced increases in year-over-year performance for mortgage registrations; with the \u2018Condo\u2019 property type experiencing the biggest increase.<\/p>\n

These observations show that while the global pandemic left us shaken, Canada\u2019s real estate market<\/a> recovered quickly and is now stronger than ever.<\/p>\n

Despite continued uncertainty, January 2021 brought high volumes and dollar amounts in mortgage registrations and sales transactions, outperforming previous records. In fact, the sales registrations among first-time home buyers were the highest since 2017. Sales registrations among non-first-time home buyers trailed closely behind the current high recorded in 2017.<\/p>\n

With restrictions slowly easing, continued low interest rates, and the desire for spacious properties, real estate activity in Ontario remains high<\/a>.<\/p>\n

To learn more, access the full Teranet Market Insights Report for free. Download it here: Teranet Monthly Market Insight Report February 2021\u00a0<\/a><\/p>\n

Sign up to receive future reports straight to your inbox: https:\/\/ci23.actonsoftware.com\/acton\/fs\/blocks\/showLandingPage\/a\/2216\/p\/p-0065\/t\/page\/fm\/0<\/a><\/p>\n

If you have any further questions or would like to stay updated about news from Teranet, connect with us on social media \u2013 we are on\u00a0Twitter<\/a>\u00a0and\u00a0LinkedIn<\/a>. For more information on our solutions, visit\u00a0www.teranet.ca<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The real estate market started this year on a strong note with January experiencing a robust market as activity continued to soar. In January 2021, the residential mortgage registration volume,…<\/p>\n","protected":false},"author":2,"featured_media":9330,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[120,128],"tags":[],"class_list":["post-7605","post","type-post","status-publish","format-standard","has-post-thumbnail","category-market-insight-report","category-real-estate-solutions"],"acf":[],"yoast_head":"\nOntario\u2019s Real Estate Market Marks a New High in January 2021 - Teranet<\/title>\n<meta name=\"description\" content=\"The real estate market started this year on a strong note with January experiencing a robust market as activity continued to soar.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.teranet.ca\/insights\/ontarios-real-estate-market-marks-a-new-high-in-january-2021\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ontario\u2019s Real Estate Market Marks a New High in January 2021\" \/>\n<meta property=\"og:description\" content=\"The real estate market started this year on a strong note with January experiencing a robust market as activity continued to soar.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.teranet.ca\/insights\/ontarios-real-estate-market-marks-a-new-high-in-january-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Teranet\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-03T22:17:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-08T15:00:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.teranet.ca\/wp-content\/uploads\/2022\/05\/Market-Insight-Reports-Real-Estate-Market-972x526-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"972\" \/>\n\t<meta property=\"og:image:height\" content=\"526\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Teranet Inc.\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TERANET_SOCIAL\" \/>\n<meta name=\"twitter:site\" content=\"@TERANET_SOCIAL\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Teranet Inc.\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimation du temps de lecture\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.teranet.ca\/insights\/ontarios-real-estate-market-marks-a-new-high-in-january-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.teranet.ca\/insights\/ontarios-real-estate-market-marks-a-new-high-in-january-2021\/\"},\"author\":{\"name\":\"Teranet Inc.\",\"@id\":\"https:\/\/www.teranet.ca\/#\/schema\/person\/a3473172ca2af8297c96b2abd8056dcd\"},\"headline\":\"Ontario\u2019s Real Estate Market Marks a New High in January 2021\",\"datePublished\":\"2021-03-03T22:17:09+00:00\",\"dateModified\":\"2024-07-08T15:00:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.teranet.ca\/insights\/ontarios-real-estate-market-marks-a-new-high-in-january-2021\/\"},\"wordCount\":434,\"publisher\":{\"@id\":\"https:\/\/www.teranet.ca\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.teranet.ca\/insights\/ontarios-real-estate-market-marks-a-new-high-in-january-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.teranet.ca\/wp-content\/uploads\/2022\/05\/Market-Insight-Reports-Real-Estate-Market-972x526-1.jpg\",\"articleSection\":[\"Market Insight Report\",\"Real Estate Solutions\"],\"inLanguage\":\"fr-CA\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.teranet.ca\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.teranet.ca\/insights\/ontarios-real-estate-market-marks-a-new-high-in-january-2021\/\",\"url\":\"https:\/\/www.teranet.ca\/insights\/ontarios-real-estate-market-marks-a-new-high-in-january-2021\/\",\"name\":\"Ontario\u2019s Real Estate Market Marks a New High in January 2021 - 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