Blog
Average Price Change in the GTA since the Start of 2022 to February 2023
March update on February 2023 Market Stats
The Toronto Regional Real Estate Board (TRREB) has released the MLS sales data for February 2023. With 4783 home sales reported by local Realtors, transactions were down 47% from February 2022, the last full month before the Bank of Canada began hiking the interest...
Another stellar year for Harvey Kalles Real Estate Brokerage
Average Price Change in the GTA since the Start of 2022
February 2023 Market Update
The Toronto Regional Real Estate Board (TRREB) has released the MLS sales data for January 2023. With 3100 home sales reported, transactions were down 34% from the 10-year average and 44.6% year-over-year. Though new listings were down 3.7%, they decreased at a slower...
Toronto’s new Vacant Home Tax
As a property owner, you should be aware of the Vacant Home Tax that was passed by the Toronto City Council in July of 2021 and which took effect on January 1 of 2022. But were you aware that there is a declaration notice that must be filled out by February 2 of 2023...
2022 Peak Average Price to September 2002 Comparison.
How do the price adjustment savings stack up? In a comparison of the February 2022 average home price, which was the peak of the 2022 market, to the September 2022 average home price, we see that there is a savings of the amount of down payment required and the total...
Average Market Price remains stable in spite of the media meltdown.
When referring to the media’s tendency to print bad news, almost everyone is familiar with the saying, “If it bleeds it leads.” No one is going to click on an article that leads with, “All is well, go about your day.” The best chance for any form of media, whether...
October 2022 GTA Market Update
The Toronto Regional Real Estate Board (TRREB) has released the housing figures for October. With 4961 sales reported on the local MLS, transactions were down 49.1% year-over-year and 1.5% month-over-month. New listings were down 11.6% year-over-year, and the total...
The benefits of buying pre-construction in a softening real estate market.
The current state of the market can be described as “soft’, with the possibility of further downward movement . Condos are still fairing well (read my “September 2022 GTA Market Update”). However, in these soft market times, along with the volatility that accompanies...
