I hope winter is treating you as well as can be expected.  I can't believe it is March already, we are only a few weeks away from the end of the first quarter of the year!   An interesting update on the housing market as home prices have dropped over last year's record peak in February 2022. The drop in prices is assisting in mitigating the cost of higher mortgage rates and borrowing costs.   The average sale price in February was... [read more]

  I hope you are keeping well and getting ready for the holiday season.  As we near the holiday's and the end of 2022 I wanted to share a brief update on the Residential Real Estate Market. As interest rates increase and the cost of borrowing rises along, the volume of transactions has begun to decline at a faster pace, down 50% across the GTA compared to November of last year.  In turn, inventory of available homes has begun to increase, this increase,... [read more]

  Hope you enjoying the fall season, the leaves have begun to change and the days have gotten much shorter.  The residential real estate market continues to adjust, however, prices seem to have hit a consistent threshold where the average sale price of all home types in October is almost equal to September's average price( $1,089,428 and $1,086,762 respectively).  The active number of listings has seen the greatest change, up 68% compared to the same month last... [read more]

Fall has officially begun, I can't believe the leaves on the trees are already changing.  With the change in season, there have been some changes to the Greater Toronto Area's residential real estate market.  The most dramatic changes have occurred to the volume of sales, there have been 44% fewer trades this September compared to last September.  However, the average price of all home types is only down 4% compared to the same time period.  Prices have begun to... [read more]