by Jeff Belisowski | Apr 3, 2024 | Market Statistics
March 2024 home sales reported through TRREB’s MLS® System were lower than the March 2023 result, due in part to the statutory holiday Good Friday falling in March this year versus April last year. Despite a better-supplied market compared to last year, there was...
by Jeff Belisowski | Apr 1, 2024 | Monthly Real Estate Newsletter
At this time of year, it’s not uncommon for homeowners to think about any repairs or renovations needed in and around their property. For example, you might be considering remodelling the living room or doing a kitchen renovation. The good news is, investing in your...
by Jeff Belisowski | Mar 5, 2024 | Market Statistics
Greater Toronto Area (GTA) home sales and new listings were up on an annual and monthly basis in February 2024. Selling prices also edged upward compared to a year earlier. Population growth and a resilient regional economy continued to support the overall demand for...
by Jeff Belisowski | Mar 5, 2024 | Monthly Real Estate Newsletter
As you may have noticed, reality shows are all the rage these days. Among the most popular are those where someone brings in an item — such as an antique watch or a collectable coin — and shows it to an appraiser. They hope, of course, that the item will be worth a...
by Jeff Belisowski | Feb 14, 2024 | Market Statistics
Home sales were up in January 2024 in comparison to January 2023. This annual increase came as some homebuyers started to benefit from lower borrowing costs associated with fixed rate mortgage products. New listings were also up year-over-year but by a lesser annual...
by Jeff Belisowski | Feb 14, 2024 | Monthly Real Estate Newsletter
Here’s an interesting bit of trivia from the world of science. Apparently, it’s impossible for scientists to precisely predict where an atom will be at any particular moment. They call this “the uncertainty principle,” and it’s built into the fabric of the...
by Jeff Belisowski | Jan 12, 2024 | Uncategorized
While the overall demand for housing remained buoyed by record immigration in 2023, more of this demand was pointed at the rental market. The number of Greater Toronto Area (GTA) home sales in 2023 came in at less than 70,000 due to affordability issues brought about...
by Jeff Belisowski | Jan 12, 2024 | Monthly Real Estate Newsletter
In just about every movie featuring a desert, there is a scene where the hero finds a welcoming oasis. Wouldn’t it be great if something like that existed in the real estate world? You see, one of the challenges many people face when looking for answers to their real...
by Jeff Belisowski | Dec 13, 2023 | Market Statistics, Market Trends
High borrowing costs and uncertain economic conditions continued to weigh on Greater Toronto Area (GTA) home sales in November 2023. Sales were down on a year-over-year basis, while listings were up from last year’s trough in supply. With more choice in the market,...
by Jeff Belisowski | Dec 13, 2023 | Monthly Real Estate Newsletter
Just about everyone can relate to this scenario. You set an ambitious goal for the new year. You feel motivated and determined. But, later that year, you realize you’ve barely moved the needle toward achieving that objective. Ouch! How do you avoid that from...
by Jeff Belisowski | Nov 12, 2023 | Market Statistics
Lack of affordability and uncertainty remained issues for many would-be home buyers in the Greater Toronto Area (GTA) in October 2023. As a result, sales edged lower compared to last year. However, selling prices remained higher than last year’s levels.“Record...
by Jeff Belisowski | Nov 12, 2023 | Monthly Real Estate Newsletter
There’s no doubt it’s difficult to predict the future. After all, no one beyond a few data scientists in a backroom at Google predicted that AI would become so prevalent so quickly. But, as difficult as it is to see what’s coming next, it’s not entirely impossible. In...
by Jeff Belisowski | Oct 13, 2023 | Uncategorized
The impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth continued to weigh on Greater Toronto Area (GTA) home sales in September. However, despite the market being better-supplied with...
by Jeff Belisowski | Oct 13, 2023 | Uncategorized
I don’t know whether or not you’re a movie fan. But, even if you’re not, you’ve probably heard of the actor Kevin Bacon. He’s been in many films. In fact, the popular expression, “Six degrees of Kevin Bacon”, refers to the idea that just about every actor on the...
by Jeff Belisowski | Sep 23, 2023 | Uncategorized
Higher borrowing costs, continued uncertainty about the economy and Bank of Canada decision making, and the constrained supply of listings resulted in fewer home sales in August 2023 compared to August 2022. The average selling price remained virtually unchanged over...
by Jeff Belisowski | Sep 23, 2023 | Monthly Real Estate Newsletter
Can you imagine a financial advisor getting you into an investment — say, a mutual fund — and telling you not to ask about it, or even check on its performance, for the next five years? You would likely balk at such a suggestion and insist that you’d be able to review...
