April 2023 Dear Friend, March numbers are in, and the results are flabbergasting to most observers! It seems that GTA buyers have adjusted to the increase in borrowing costs much quicker than imagined and have been out purchasing! Toronto Real Estate Board members reported the sale of 6,896 homes, 47.5 % more than February! The Spring market is in full bloom! First time buyers lead the sales with 70.5% of homes selling for under $1,249,999 (52.5% were under $1,000,000). Despite those... [read more]

June 2023    Dear Friend,    The demand for housing continues to be strong! GTA realtors reported the sale of 9,012 homes in May, up 24% from last May’s 7,226. Sadly, new listings were down by 18.7% over the same period and as we all know it’s all about supply and demand. This shortage of homes for sale resulted in multiple offers on well-priced properties and brought the average sale price in May up to $1,196,101. This scenario is repeated in rental... [read more]