George Chiu Realtor

Exciting news in the real estate market! January’s market report just dropped, and it’s showing a positive trend. After 3 months of stagnation, both home sales and listings have seen an increase. Compared to last year, the numbers are even more impressive, with both metrics surpassing previous records. We’re inching closer to reaching the average number of sales from the past decade.

Happy lunar new year! Wishing everyone a happy, healthy and prosperous year of the dragon!

Taking pride in what I do. Your best interest is my best interest!

If you haven’t done so already, deadline to declare your home occupancy status for 2023 is February 29th, 2024

https://www.toronto.ca/services-payments/property-taxes-utilities/vacant-home-tax/

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In December, we observed minimal fluctuations in sales and listing figures, both of which continued to exhibit a declining trend. This trend is likely attributed to the holiday season, which traditionally witnesses a slowdown in real estate activity. Additionally, the prevailing high interest rates may have further impacted market dynamics. Let’s see if the new year brings confidence back to the real estate market.

The trend continued in Nov with increase in the number of listings while the number of sales continued to fall. With interest rates beginning to slowly drop, let’s see what the new year has in store.

Congrats to my clients!

Wishing everyone a safe and happy holiday!