March 2018 Dear friend, I must say, I was pleasantly surprised to see that the Toronto Real Estate Board members sold 5,175 homes last month. While it is less than last year, the first quarter of 2017 was a record time, I expected sales to be less than they actually were.  A further indication of the demand for homes was the fact that with over 1,200 homes for sale, my company booked over 13,000 appointments and sold over 600 homes! Without question, some people lack confidence in... [read more]

Dear Friend,   I must admit, I was pleasantly surprised to see that the Toronto Real Estate Board  reported 4,019 residential transactions in January 2018. Honestly, I thought the number would be much lower due to many buyers purchasing in December to take advantage of the old mortgage qualifying rules.  This just shows how strong the demand for housing is, and the price drop that buyers have been hoping for does not appear to be coming given the strong demand. The... [read more]

Dear Friend, 2017 was an interesting year for the Toronto real estate market. It was a roller coaster ride of activity, the highs and lows brought about by government’s decisions to try to slow down home prices increases utilizing negative policy changes. Record sales in the first quarter of the year were followed by a decline in demand in the spring and summer, as home buyers adopted a wait and see attitude towards purchasing as the Ontario Fair Housing Plan (FHP) was announced.... [read more]