January 2026 Dear Friend, 3,697 homes sold in December, bringing the years total to 62,433homes, 2/3 of what they should be in a normal market. One of the major drivers of the real estate market is confidence in the economy and confidence in the future. Unfortunately, 2024 and 2025 have been plagued with uncertainty. The US leadership, the economy, higher borrowing rates and of course, the crises in the Middle East and the Ukraine. All of these factors led to a lack of confidence and... [read more]

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]

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]