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Newsletter July 2024
Oops, I was wrong! I predicted we would have 7,000 homes sold in June, and the actual
amount was 6,213, close as they say but no cigar.
Newsletter June 2024
Finally…. The bank of Canada has dropped borrowing rates by .25%, not a huge amount,
but a step in the right direction, with experts predicting that interest rates will continue to
drop over the next 2 years.
Newsletter February 2024
A great start to 2024! Despite the winter weather and the higher than usual borrowing rates, January`s 4,223 sales were 37% higher than January 2023. The desire for home ownership remains high!
Newsletter January 2024
The Toronto real estate market had, in my opinion, quite surprising results in 2023.
We entered the year with threats of a recession, increasing borrowing rates, predictions
of a huge number of homes going under power of sale.
Newsletter October 2023
The Toronto real estate numbers are in, and while I am disappointed that there were
only 4,642 homes sold, I am not surprised given the lack of confidence as to whether
the Bank of Canada will implement another rate hike in October. Whenever there is
uncertainty, people tend to sit on the sidelines and decide not to decide