The success of offer dates can be attributed to two factors working in tandem: a sense of urgency and the psychological principle that people desire what others desire, creating a snowball effect or a sales loop.   The presence of an offer date creates a deadline, generating a sense of urgency for the buyer to quickly view the property, review comparable sales, and make a decision by a spec...Read More

  The word for February is “UP”. What’s up? Everything!    Sale prices, new listings and sales are up across all home types in the City of Toronto, Halton, York, Peel, Durham and Hamilton compared January of this year. Year over year we are down in sales, median price and new listings, but that was expected. Although year over year stats are always important t...Read More

  Stats by Home Type - Toronto, January Detached: Median Sale Price: $1,270,000. UP 2.01% from December 2022, and DOWN 19.11% from January 2022.   New listings are UP month over month by 98.89% but DOWN year over year by 10.19%.  Sales are UP month over month by 2.58% but DOWN year over year by 33.19%.   Semi-Detached: Median Sale Price:  $1...Read More

As predicted the Bank of Canada raised its over overnight by 25 basis points to 4.5%. This is the eighth consecutive hike, but seems to be the last. We hope, I hope! What does this mean?       If you are a Buyer… If you are a buyer, there is opportunity in the market. If you have been waiting at the sidelines, waiting for prices to drop, I wouldn’t wait much lon...Read More

Stats by Home Type - Toronto Detached: Average Sale Price: $1,627,635. Down 4.1% from December 2021. Median Sale Price: $1,245,000.00. Down 12% from December 2021. New listings are down month over month and year over year by 62.9% and 30.2%. Sales are down month over month and year over year by 42.8% and 45.3%. Semi-Detached: Average Sale Price: $1,152,073. Down 14.1%...Read More

Toronto Stats: New listings are down by year over year, and month to month New sales are down year over year across all home types New sales are up compared to September of this year across all home types Median sales year over year are down for detached homes, semi-detached & fully attached homes. Sale prices are up very slightly in the condo tow...Read More

Covid has been here 1 full real estate year and all signs continue to point to market moving full steam ahead – pandemic or not.   The stats in this report discuss month over month and year or year changes; however, it is important to remember that when reviewing year over year prices, that April 2020 was substantially affected but our first COVID lockdown. The April 2020 market saw hom...Read More

How do you know if and when you should buy an investment property?    There are several factors to consider – what type do you buy, how much to invest, what does buying an investment property really mean, what are the risks, is the timing right and how does the financing work? Do you want the low maintenance of a condo? Do you want the property control of a detached home? Do you...Read More

The kitchen is the heart of a home but it’s also one of the more costly rooms to renovate. Here are some of my top tips and tricks to update your kitchen on a limited budget. 1. Update your Backsplash: If you don’t have a backsplash, this will be easy for you – get one! With so many design trends, if you’re feeling creative you can really have some fun. Available in ...Read More

Growth continues in the City of Toronto with growth reported both year over year, and month over month across all home types. The average selling price in the City of Toronto grew in October by 1.3% compared to September of 2019. Condominium apartments saw the highest growth with an average increase of 4%, and minimal growth was seen in both the condo townhome segment and semi-detached ma...Read More