Dear Friend,   No news is good news! The GTA real estate market had its second-best ever January of sales with 5,636 sales reported through the Toronto Real Estate Board MLS system. The lack of new properties for sale pushed up the average January price to $1,242,793, but don’t panic or celebrate, it’s just the statistics for 1 month. I do expect prices will increase this year ...Read More

July 2021    Dear Friend,   Another great month of sales as Toronto realtors sold 11,106 homes at an average price of $1,089 536. While a lot of statistics are being bandied about such as,” Average price is up 28% over the same time as last year”, these numbers are really not relevant due to the impact of COVID-19 in 2020.   The numbers that are important are the fo...Read More

June 2021 Dear Friend, The Toronto real estate market continues to be extremely active as Board members reported the sale of 11,951 listings. While more listings came on the market, 12,252, they were still not enough to change the market from a sellers’ market. The Toronto real estate board has approximately one month supply of listings to sales and that is going to continue moving forward...Read More

May 2021 Dear Friend, April’s sales of 13,663 homes set a new record for April and amounted to more than quadruple that from April 2020 – the first full month of the pandemic. Despite 20,825 new homes coming on to the market, that was not enough inventory to meet demand, and the average home price increased to $1,064,261, from March’s average price of $1,015,392. Prices increa...Read More

April 2021 Dear Friend, We certainly live in strange times! Despite the third wave of the pandemic, the demand for homes has never been greater! March saw 15,652 homes sold in the GTA at an average price of $1097,565. The market was active in all sectors with 45.5% of the homes being detached, 28% being condominium apartments and 18% semi-detached or townhomes. As the competition for homes incr...Read More

March 2021   Dear Friend,   2021 record home sale numbers continued in February, as buyers purchased almost 11,000 homes, 52% more than February 2020. Prices increase almost 15% over the same time period, and the average price in the GTA is now $1,015,392 up 9.2% over just 2 months ago! Condominiums in the 416 continued to be a hot commodity as 2,167 sold, 63% more than a year ago. As I ...Read More

February 2021   Dear Friend,   Well, I continue to be amazed at the record breaking sales  we are experiencing. Despite an extended Covid lockdown and the news that the anticipated vaccine distribution is not going as smoothly as it should, public confidence in real estate values and the desire for home ownership is at outstandingly high levels.   January’s sales of 6,928...Read More

January 2021   Dear Friend,   Writer and philosopher George Santayana said, “Those who cannot remember the past are condemned to repeat it."  If you want to know why the market has been so active, (prices up 14.3% this year) and what is going to happen to Toronto real estate, let’s look at the recent past.   For the last several years Toronto has expe...Read More

      You've heard of the term "curb appeal". It refers to the initial impression buyers get when they first see your property from the street. If the impression is a good one, it sets the right tone for the rest of the home viewing. How do you boost curb appeal? Here are some proven ideas that you can get done in an hour or so: • Wash both the inside and outsi...Read More