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]

March 2024   Dear Friend,   Spring is in the air! Buyers were out enjoying the springlike weather and buying homes! Realtors sold 5,607 homes in February, up 17.9% over February 2023, and the average price edged up slightly by a little over 1% to $1,108,720. While some have celebrated that more listings came on the market, the listing inventory stands at 9,643, 2 homes for sale for every buyer. Buyers in March are experiencing less choice and stiffer competition when... [read more]