THE VAULT2022-11-09T14:58:14-05:00

THE Blog VAULT

My philosophy is that information is power. I want you to be equipped with all the details you need to make informed and strategic decisions. Take a dive into The Vault below!

December 2022 Market Report – Slow as Predicted

December 2022 Market Report – Slow as Predicted Not surprisingly, December was the slowest month for home sales and for GTA home prices. As it was in November and over the previous few months though, the market has settled into some predictability. December did what we expected it to. We’re now into a new year. Following the really high up, and then down that was 2022, what does 2023 bring to the real estate market? What about interest rates? Will they be increased? Will they stay the same? Or will they be reduced? Before we get into the new [...]

Categories: Market Insights|

Enjoy the Holidays With These Toronto Events

Enjoy the Holidays With These Toronto Events The weather is colder, and we’ve had the first big snowstorm of the season. So, what is there to do other than curling up in front of the fire to read a book? Plenty! Gather your family around and see what they’d like to do before and after Christmas! Distillery Winter Village/Toronto Christmas Market Running now through December 31 Rebranded to the Distillery Winter Village last year, this event is still the Toronto Christmas Market that you remember. You’ll find beautiful winter displays, cabins with outdoor shopping, plenty of food vendors, music, [...]

Categories: Community|

November 2022 Market Report – Snooze Alert

November 2022 Market Report – Snooze Alert We expected November to be a slow month and it was just that. November is typically a slower seasonal month and the market has calmed considerably since the spring. The positive is that the Toronto real estate market, once running at a frenetic pace, is stable.  But, it’s also a flat market. And that’s not really what anyone wants to see. Many buyers are waiting for prices to come down and sellers are waiting for prices to climb again. Before we look at where things might go let’s take a look at [...]

Categories: Market Insights|

The Foreign Buyer Ban: Will it Help the Housing Market?

The Foreign Buyer Ban: Will it Help the Housing Market? New Law is another governmental move to increase supply for Canadians Before the Ford government introduced their More Homes Built Faster Act, Canadian Parliament introduced their own measure in June. Both measures aim to increase housing supply. So as of January 1, 2023, anyone who is not Canadian or a permanent resident will be unable to purchase residential property anywhere in Canada. This exclusion is contained in the Prohibition on the Purchase of Residential Property by Non-Canadians Act. The details What we’re not yet sure about is whether any [...]

Categories: Real Estate 101|

What does Ford’s New Housing Plan Mean for GTA Real Estate?

What does Ford’s New Housing Plan Mean for GTA Real Estate? Legislation Aims to Increase Toronto’s Housing Supply With the housing shortage in Ontario not getting any better, and the real estate market relatively stagnant, the Ford Government has a plan. They’ve tabled new legislation that will signal the end of zoning for single-family homes.  Specifically, the legislation’s primary aim is to increase housing supply in Toronto and select other jurisdictions. Another objective of the changes is to help drive down housing costs. As a real estate agent, I welcome all of the above desired outcomes! But, what are [...]

Categories: Real Estate 101|

October 2022 Market Report – A Holding Pattern

October 2022 Market Report – A Holding Pattern We expected the month of October to begin to show some signs of market growth. Instead, the GTA real estate market is largely stable. Why? The sellers that we expected to put their properties on the market haven’t materialized yet. As a result, the buyers looking to take advantage of prices under-asking haven’t either. October sales were down significantly and not surprisingly, so were new listings. Many other agents have also commented on the lack of quality inventory. In fact, October felt a lot like September to me. And while sometimes [...]

Categories: Market Insights|
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