Q&A
Annual deed transfer statistics
1:46:44
·
55 sec
Council Member Crystal Hudson asks about the annual number of deed transfers for properties with 1 to 3 units. Colette McCain-Jacques from the Department of Finance provides statistics and explains the recent decrease in transfers.
- In 2022, 38,970 deeds were transferred
- In 2024, 28,278 deeds were transferred
- The decrease in transfers is attributed to the impact of the COVID-19 pandemic
- The period right before and after the peak of the pandemic saw fewer recordings in the office
Crystal Hudson
1:46:44
And, on average, how many deed transfers occur per year with properties that have 1 to 3 units?
Colette McCain-Jacques
1:46:50
I have that information for you.
1:46:55
So for 2022, 38,970 deeds were transferred.
1:47:04
2024.
1:47:06
Oh, and for 2024, 28,278 deeds were transferred.
Crystal Hudson
1:47:14
Okay.
1:47:14
Do you have any, reason for the the decrease from 2022 to 2024?
Colette McCain-Jacques
1:47:26
So in 2022, that was, like, what?
1:47:29
Right before the pandemic and after after the pandemic started to go down, recorded less recordings in the office.
