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]

January 2023 Dear Friends, December’s 3,117 sales ended 2022 with a total of 75,140 homes sold at an average price of $1,189,850, compared to 2021’s average price of $1,095,333. While the average price is up from a year ago, it does not tell the whole story. In fact, prices have been adjusting downward since they rose by 25%-28% in last year’s February/March timeframe. Two major factors come into play on the above statistics. One: as we entered 2022, a buying frenzy... [read more]