Dear Friend,   A decent month of sales for GTA realtors as 5,010 homes sold through the MLS system. With a listing inventory of about 25,000 homes, it shows that buyers have a good variety of homes to look at before they buy and this also means that 4 homes are NOT selling! More on that later. The Toronto Real Estate Board reported an average selling price in November as $1,039,458, and it’s interesting to break down that average into different... [read more]

November 2025 Dear Friend, "May you live in interesting times" is an English expression that is often cited as an ancient Chinese curse, though its origins are unclear and it is not genuinely Chinese. It is used ironically to mean the opposite of a blessing, wishing for a period of turmoil, crisis, and upheaval rather than peace. "Interesting times" are generally understood as times of strife and uncertainty. I would say we are experiencing one of those interesting... [read more]

January 2025.   Dear Friend,   Happy New Year! 2025 is upon us, filled with the anticipation of lower borrowing rates, a new government, one hopefully focused on getting inflation under control, creating jobs and opportunities for Canadians and above all, creating more housing to ease the pressure that’s been on the real estate market for many years. 2024 proved the strength of the GTA real estate market. Despite the high borrowing rates, Toronto realtors sold... [read more]

June 2024   Dear Friend,   Finally…. The bank of Canada has dropped borrowing rates by .25%, not a huge amount, but a step in the right direction, with experts predicting that interest rates will continue to drop over the next 2 years. Without a doubt many home buyers have held off their decision to buy, waiting for clear signs of declining mortgage rates. As borrowing costs decrease over the next 24 months, more buyers are expected to enter the market, including... [read more]

May 2024   Dear Friend,   Toronto real estate board members reported the sale of 7,114 sales in April, a little more than my brokerage prediction of 7,000. More homes for sale came on the market as the weather warmed up heralding the start of the spring estate market. The 18,088 homes for sale and the anticipated 7,500 sales equate to less than 3 homes for every buyer. This continues the trend of sellers getting above asking prices on homes listed at market value. The... [read more]