Paul McIntosh, Sales Representative Royal LePage Signature

Fall has officially begun, I can't believe the leaves on the trees are already changing.  With the change in season, there have been some changes to the Greater Toronto Area's residential real estate market.  The most dramatic changes have occurred to the volume of sales, there have been 44% fewer trades this September compared to last September.  However, the average price of all home types is only down 4% compared to the same time period.  Prices have begun to adjust but not as drastically as one may have thought in relation to the rise of mortgage rates. 

Inventory levels increased by 47% compared to last September, up to a total of 13,534.  Historically speaking this number is still not enough to cool the continued interest in real estate.  

With annual immigration numbers being between 400,000 to 500,000 per year for the foreseeable future, the supply of homes will continue to be limited.  

The rental market has continued to be very busy.  With borrowing costs increasing more buyers have chosen to sit on the sidelines in hopes to wait out the rate increases or to see if prices will continue to adjust down.  With continued limits on the amount of homes for sale and strong immigration numbers, pricing will continue to adjust slowly or stay flat compared to previous years as the market gets used to the new interest rate environment.  

More opportunities continue to arise in the residential pre-construction market.  Developers have had to get more and more creative with their promotions and deposit structures to attract buyer interest.  To understand more about how to invest and where opportunities lie in this market please do not hesitate to reach out to me.  As an organization, we have access to the best projects with the best developers across the province.  

I hope you and your family are keeping well, please never hesitate to reach out to me with any of your real estate questions.  

Getting into the real estate market can be daunting for first-time buyers, but with a little knowledge and through working with a trusted agent, the process can be enjoyable.

These tips for first-time buyers are a good foundation of where to start. If you’re looking to get into the market, take a read through and save this post to refer back to.

Or if you know a first-time buyer, tag them below!

A home is typically the largest asset people own, but a lot of times, home maintenance is neglected.

Protect your biggest asset by keeping up to date with routine, and seasonal maintenance. Swipe through for some tips to prepare your home for the fall season.

Real Estate has always been a hot topic, but more so now as we transition out of a pandemic and attempt to quell rising inflation.

With the Bank of Canada increasing the over night rate to put downward pressure on inflation, it has increased all variable mortgages and has put a much higher carrying cost on new fixed and variable mortgages. So what has that meant for housing? Check out our latest Urbanation report to see exactly how the market has reacted.

What questions do you have about current trends and what we’re seeing in the market?

A lot of you are wondering whether or not this is a good time to invest in the real estate market. So I’m breaking down some of the key aspects for you to consider here.

Take a read through and let me know below what surprises you the most.

Amazing opportunity for a cottage in the city or anyone looking to build their dream home. This 1860 built bungalow in north Oshawa sits on a 1.33 Acre lot with many mature trees and a stream through the back. Enjoy the country feel close to all the amenities or demolish and build your dream executive home. Reach out for more details.

Check out this listing on REALTOR.ca 3400 SIMCOE ST N, Oshawa, Ontario L1H7H4

You do not want to miss this one! This beautifully renovated home right around the corner from Lakeview Park is the perfect starter home for anyone in the market! It has two great sized bedrooms with bonus third bedroom garage conversion. With an open concept stunning kitchen and finished basement this home has everything! Call me before it's too late! Only $469,900

Explore 1463 Ritson Rd. South, Oshawa in 3D Matterport 3D Showcase

Need something to pass the time on this dreary day of self isolation? Check out this amazing new Hamilton listing. Steps to Locke St., this home has been fully gutted and renovated. Asking $755,000.

Virtual Tour here:
https://unbranded.youriguide.com/329_aberdeen_ave_hamilton_on

January Market Statistics are in. The key takeaways are that inventory is low and demand is high leading to double digit price increases. As long as interest rates continue to be low, unemployment continues to be low and immigration continues to be high you can expect demand to remain robust. Until inventory levels catch up to demand expect the high price appreciation to continue. If you have any questions please don't hesitate to reach out. I'm always happy to chat!

Check out this amazing opportunity to own this fully renovated West Hill gem! This home is a 3+1 bedroom beautiful home with amazing finishes top to bottom. With very little inventory on the market this one will not last. Priced at only $779,900 this is hard to beat! Check out the listing or contact me for more details.

Open House Saturday Feb 1st 2-4 PM

Check out this listing on REALTOR.ca 48 ROWALLAN DR, Toronto, Ontario M1E2Y6

October Numbers are in. Strong sales and low inventory are the key points to address here. Have any questions give me a call!

Amazing new listing in Brooklin! This home has everything you could possibly desire including a brand new top of the line gourmet chefs kitchen and amazing backyard with inground pool. Check out the this 3D walk through and call me if you have any questions or better yet come see it for yourself this weekend with open houses Saturday and Sunday 2-4pm.

Explore 25 Fitzpatrick Crt in 3D Matterport 3D Showcase

May Stats are in. The Spring market is now in full swing with very strong sales numbers. Interest rates remain low and in fact may actually decrease. Toronto and the surrounding area still remain very strong investment opportunities. If you have any questions relating to these statistics please do not hesitate to reach out.

The highly anticipated XO Condos by Lifetime Developments is ready to Launch. This 14 Storey, boutique building is about to transform the King and Dufferin intersection. Please call/txt for First access to Pricing and Floor plans!

February Market Statistics are in. As expected the market is moving to a more balanced market with slow steady price appreciation. If you or anyone you know has any questions and would like these stats broken down further for a specific area please don’t hesitate to reach out! I’m here to help!

January Statistics are in. We’re starting to see more balance in the market with slow price appreciation! Stats are varying drastically by region so if you’d like a better understanding of your specific market please just let me know!

Interesting Graphic! Would love to hear your thoughts?

Don’t believe Staging makes a difference? This is a stage that was done for me by the extremely talented Marie of CoutureStaging The dollars are in the details which is why I stage every home I sell!

December Statistics are in! Here you’ll find a breakdown of the numbers by area! If you have any specific questions please do not hesitate to ask!

October Stats have been released and were once again seeing positive data! Sales and inventory remain strong and we have a great balance to the market overall. Remember that these stats change by specific market so if you’re thinking of buying or selling shoot me a message and I’d be happy to break them down for your specific areas.

The September Market stats are in. Overall the market is in great shape with positive year over year gains. Months of inventory for the most part remained steady and sales began to rise. Message me for a further breakdown of your area.

For those that don’t think hiring a designer is worth the money check out the transformation my clients were able to make buy having design the spaces they were renovating in their home! If you don’t believe in designers yet you will after flipping through these pictures!

Amazing New listing! Check out 46 Gilbert Ave. An amazing 3 bedroom Semi at Caledonia & St. Clair. Check out the virtual tour and come see me this weekend at the open house! http://real.vision/46-gilbert-avenue

April Monthly stats breakdown! As you can see the numbers change a fair bit by region and home style. If you need help understanding these or need them broken out further let me know!

March statistics have been creating a lot of questions. Check out these breakdowns to find out what’s happening in your area. For a further breakdown please reach out and I’d be happy to put it together for you. With all the doom and gloom in the media it’s important to look at the actual numbers and understand what they mean. Our real estate market is actually really strong!

You’re too late, this beauty is gone! Sold for a new record price for this model and in 43% less time than the average for the building. Hiring the right team goes a long way! If you want to see similar results give me a call!

Uovo Boutique Residences is a exciting project being built at 2114 Yonge St, consisting of 61 units of 1- story and 6 two-story units. With the Subway being just steps away along with the Future Eglinton LRT, transit is a piece of cake.

Uovo makes a unique landmark in the Yonge and Davisville area and its
uniqueness for a luxury boutique condo, having mainly high-rise options in the area.

All units at Uovo will have gas hook ups, quality finishes and private
outdoor space overseeing amazing views of the city. Its perfect for those
looking to downsize while living in the most beautiful part of Mid-Town
Toronto, with luxury and comfort.