As we head into the second wave of pandemic along with fall and winter living space is becoming all the more important. We will be spending way more time at home than ever, hence the real estate market continues to thrive as people look for more comfortable living space for their families. Construction is booming as many are making improvements to current space. Supplies of certain building products are low or out of stock. Home gyms have become very popular. Very few are travelling so... [read more]

It’s been quite a whirlwind summer in the real estate market. A very busy summer made up for a quieter Covid spring. We saw and are seeing a lot of movement as people readjust to the new Covid reality. An exodus from the city was reflected in substantial increases in prices out of the city. Cottage country has exploded. Those living in smaller homes with young children and working form home are looking for larger homes either in the city or out of the city. Many in condos are going... [read more]

I am amazed at the level of real estate activity with the coming of the sunshine nicer weather and slow reopenings.  It appears that quarantine fatigue is spurring real estate activity. Buyers are becoming eager to buy. Lack of product has resulted in some pretty unbelievable bidding wars. People want to feel good and buying a home is fun.  The Toronto real estate market marches on against all odds. We suspect that May’s data will be more positive than... [read more]

It’s starting to feel like a seller’s market… In the past couple of years the outskirts of Toronto core have been fairly flat and houses have sat on the market. Last night we were on an offer on the outskirts of the GTA. The house came on the market Friday and by Sunday there were 3 offers. The price it went for was 1-2% higher than it would have sold late last year. Motivated buyers are starting to feel like if they don’t buy now they will be priced out of the... [read more]

Rental market is crazy. There is so much demand and absolutely no supply. Prices of rentals are going up. We had a client looking for a 1 bedroom condo, wanting to spend about $1800. There were no units available in Etobicoke. One finally came up and the same day there were 3 offers. Showings were booked back to back. Our client had to pay more to get it. We believe that this will only get worse as more and more people come to Toronto and they will be unable to... [read more]