Spring is in the air and all the plants and trees are coming to life!  It's a wonderful time of year for house shopping and let's hope the warmer weather continues to bring more buyers, and hopefully sellers out to ease some of the pent-up demand. However, homes took longer to sell this April year over year as well as during the previous quarter.  The time to sell took roughly twice as long at 42 days compared to under 3 weeks.   Will see if this trend continues. The average price of a detached 2 storey home sold for $2290063 up slightly (almost 2.5%) from last month but st ..read more

2024 has certainly had a great first quarter, many homes at all price points selling quickly with some owners receiving multiple bids.  First time buyers waiting for interest rate cuts may have to exercise more patience as the Bank of Canada doesn't appear to be making any changes soon. Selling price numbers are still healthy with detached 2-storey and bungalows averaging $2,236,815 and $1,766,000, respectively. Year over year they were down approximately 2.5% and 9%. Detach split level homes rose 4% to $1,598,125.  Condo apartments fell 3.5% to $740,528.  Freehold townhomes wer ..read more

Turned out to be a very active month with positive results for sellers. Prices were up with detached 2-storey homes and bungalows selling on average for $2,520,009 and $1,511,053, respectively.  That's up 14% and 16% in one year!   The ultra luxury segment, those selling above $3,000,000 saw 33 sales this February.  Almost three times as much as February 2023. Condo apartments average $865,439 up over 4% from a year ago.  Even the average sale price for a condominium Stacked TH was $710,750. Time to sell took on average 33 days.  That's about a week longer than Fe ..read more

From the outset it appears that home prices should gain some traction this year.  Many homes and apartments that were lingering on the market since last Fall have been selling this year.  There is definitely steam in the market with increased showings and increased sales.   A number of properties that were listed or, re-listed in January, sold in January.  Also a number were for older building and larger condo apartments which typically are picked up by seniors. Interest rates have settled and will likely start to go down by Q4 this year or Q1 next year.  New job ..read more

Happy New Year! This December had almost 20% more detached 2-storey homes sell than one year ago and a dozen of those sold above the $3,000,000 mark.  That resulted in a significant jump in the average price to $2,645,486.  That's back in the Spring market of 2022 territory.  Two years ago in December 2021 the average sale price was approximately 8% or, $200,000 less, and last year the average sale price was below $2 million.   You should know that there are some changes in place as to how we now conduct our business in the Province of Ontario.  Effective December ..read more

Hello and thank you for visiting my site. Not many properties changed hands during the month with less than 100  property sales and 50 lease transactions.  Yet consumers are still moving and there are currently 400 homes and condo's available for sale.  And most people looking have some choice with many neighbourhoods and streets experiencing a buyers market. ie. having more than one option. Forty-five of the November sales were for detached 2 storey homes which had an average sale price of $1,988,267.  Year over year that is down less than 1%. Bungalows average sale price ..read more

 Hello again, Just like September 2022 we saw a number of properties that had not been selling during the summer, sell this month.  And a few ultra high-end sales were included in those sales.  Year over year the numbers went like this;                                                      2022                         2023                  ..read more

This summer has certainly flown by, it's hard to believe it is September already. The real estate market cooled down somewhat during August with the average sale price of a detached 2-storey home dropping 6% from last month to an average sale price of $2,037,500.  Year over year we are down 16%.  Sales volumes for both "for sale" and "for lease" properties were also lighter than a year ago.  Eighteen for sale properties closed this August compared to 109 a year ago.  The rental market activity although down was similar to a year ago with 60 leases during the month compared ..read more

This July has proven to be better than most for sellers. Typically properties that hit the market during the prime summer months (July & August) take several weeks to sell.  Not this summer,  if you listed earlier in July you were sold a week or so later.  And properties have been selling quickly and for good value.  The average price of a detached 2-storey home rose 5% from a year ago to $2,315,000.  We are closing in on the record highs of Spring 2022. Other categories did well as well and the average time it took to sell was a relatively quick 22 days. Detached ..read more

Ah summer is finally here and so far sales activity has been decent with 77 of the 184 sales in June selling in a week or less.  The average time it took to sell was 17 days the same as last month and still pretty brisk. The average price of a detached 2-storey homes was $2,218,575 up 2.5% from a year ago and 2% from last month.  Bungalows sold for $1669000 down 1.5% while Freehold and condominium THs sold for $1,163,000 and $1,243,519, up 34% and 8%, respectively. Semi-detached homes sold for $$1,310,200 up 21%. Condo apartments sold for $794,455 down almost 10% from $872,360.  ..read more