July 2023   Dear Friend,   The hunger and desire for home ownership was very evident in June’s sales activity as 7,481 homes sold on the Toronto Real Estate Board, up 16.5% over June of 2022. Despite the uncertainty surrounding the Bank of Canada’s outlook on inflation and interest rates, buyers were out and active and the average home price increased due to the high demand and low listing inventory of homes available for sale. It seems that we continue to... [read more]

October 2023 Dear Friend, The Toronto real estate numbers are in, and while I am disappointed that there were only 4,642 homes sold, I am not surprised given the lack of confidence as to whether the Bank of Canada will implement another rate hike in October. Whenever there is uncertainty, people tend to sit on the sidelines and decide not to decide. While there is a lack of uncertainty about whether the “last rate hike” will happen or not, (If unemployment numbers go up... [read more]