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Veronica Seneviratne
REALTOR®
CENTURY 21 Leading Edge Realty Inc. Brokerage
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My Mission is to deliver extraordinary experiences

As a CENTURY 21® REALTOR®, I am committed to providing the highest quality service possible. My personal knowledge, skill and expertise in the local real estate market is combined with the power of the CENTURY 21 brand - one of the world's most recognized names in real estate.

APRIL 2022 Market Update

🔥GTA REALTORS® Release April Stats  🔥
 
TORONTO, ONTARIO, MAY 4, 2022 – The Greater Toronto Area (GTA) housing market continued its adjustment to
higher borrowing costs, with the number of transactions down on a monthly and annual basis. As has been the case
with previous rate tightening cycles, some home buyers have moved to the sidelines to determine how they will
reposition themselves in the marketplace given the higher rate environment and related impact on affordability.
“Based on the trends observed in the April housing market, it certainly appears that the Bank of Canada is achieving
its goal of slowing consumer spending as it fights high inflation. Negotiated mortgage rates rose sharply over the past
four weeks, prompting some buyers to delay their purchase. Moving forward, it will be interesting to see the balance
the Bank of Canada strikes between combatting inflation versus stunting economic growth and related government
revenues as we continue to recover from and pay for pandemic-related programs,” said TRREB President Kevin
Crigger.
GTA REALTORS® reported 8,008 homes sold through TRREB’s MLS® System in April 2022 – a 41.2 per cent
decrease compared to April 2021 and a 27 per cent decrease compared to March 2022. On a year-over-year basis,
the decline in sales was greater in the ‘905’ area code regions surrounding Toronto, particularly for detached houses.
The MLS® Home Price Index Composite Benchmark was up by 30.6 per cent year-over-year in April 2022. The
benchmark level in April was down in comparison to the March level. The average selling price, at $1,254,436, was
up by 15 per cent compared to April 2021, but down compared to the average selling price of $1,300,082 in March
2022.
“Despite slower sales, market conditions remained tight enough to support higher selling prices compared to last
year. However, in line with TRREB’s forecast, there is evidence of buyers responding to increased choice in the
marketplace, with the average and benchmark prices dipping month-over-month. It is anticipated that there will be
enough competition between buyers to support continued price growth relative to 2021, but the annual pace of
growth will moderate in the coming months,” said TRREB Chief Market Analyst Jason Mercer.
April Year over Year
April Month over Month

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Your local expert - Buying

If you're buying, I can enhance your search process by helping you uncover what you may not have considered, whether it is schools, lifestyle, or the investment value of the property. Using our property search tools, you will be able to find the home that best meets your needs. Finally, with my knowledge of the market, real estate expertise and negotiating skills, I will help you get the best possible deal and handle all the critical details.

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Your local expert - Buying

If you're buying, I can enhance your search process by helping you uncover what you may not have considered, whether it is schools, lifestyle, or the investment value of the property. Using our property search tools, you will be able to find the home that best meets your needs. Finally, with my knowledge of the market, real estate expertise and negotiating skills, I will help you get the best possible deal and handle all the critical details.

Your local expert - Selling

If you're selling, I will help you understand market factors that may influence price, preparation and the promotion of your property so that you can make an informed decision that best benefits your needs.  I will then present you with a customized marketing plan using state-of-the-art technology tools to reach the broadest market, both locally and internationally, for your property so that you can secure the best offer.  With CENTURY 21® as one of the largest global real estate brands and our Realtors' focus on the local market, I am confident that it will position you for success in your property sale.

Contact me with any questions regarding the current real estate market or my services. I look forward to working with you.

Century 21 Home

Your local expert - Selling

If you're selling, I will help you understand market factors that may influence price, preparation and the promotion of your property so that you can make an informed decision that best benefits your needs.  I will then present you with a customized marketing plan using state-of-the-art technology tools to reach the broadest market, both locally and internationally, for your property so that you can secure the best offer.  With CENTURY 21® as one of the largest global real estate brands and our Realtors' focus on the local market, I am confident that it will position you for success in your property sale.

Contact me with any questions regarding the current real estate market or my services. I look forward to working with you.

Century 21 Home

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"THE REALTOR FOR YOU, AND YOUR FRIENDS & FAMILY"

2021 4th Quarter Outstanding Achievement Award
2021-3rd Qtr - Outstanding Achievement
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2021-2nd Quarter Outstanding Achievement
2021-1st Quarter Outstanding Achievement
2020-4th Quarter Outstanding Achievement
2020-3rd Quarter Outstanding Achievement