MARKET INSIGHTS & UPDATES

What Trends are we Seeing? The Toronto Regional Real Estate Board (TRREB) has now seen two 40 per cent plus increase in number of transactions for the past two months on a year-over-year basis.  With November 2024 number of transactions exceeding that of November 2023 by 40.1 per cent the term “inflection” point associated with October 2024s 44.4 per cent increase in sales year-over-year has now turned into a more definitive “rebounding”.  This is underscored by the Sales to

Canadian Band Festival: Presenting its annual Fall Festival, with free mini concerts happening earlier in the day. Nov 23, 4 PM at 25 Centre Ave, North York Santa Claus Parades: Santa Claus is coming to town, with festive floats, marching bands and more! Nov 17, 3 PM at EG Civic Centre, East Gwillimbury Nov 30, 11AM Main Street, Markham Toronto Art Crawl: Art, photography, sculptures and more! Until November 29, 11 AM - 4 PM at 250 Fort York Blvd, Toronto Christmas Market:

What Trends are we Seeing? With the Toronto Regional Real Estate Board (TRREB) posting an October 44.4 per cent increase in sales year-over-year it has been noted to be an emphatic movement of buyer’s off of the sidelines and back into the real estate market.  Average price increased 1.1 per cent year-over-year in October 2024.  The movement in number of sales was entrenched throughout the real estate market both with respect to geographic location and product type. YEAR-OVE

Pumpkin Patch: Pick your own pumpkins and apples plus enjoy the corn maze, wagon rides and more family fun! until Oct 31, 9 AM - 430 PM at Applewood Farm, 12416 Mccowan Rd, Stouffville Haunted Hollows Scream Park: Get Spooked! Over 2 acres of thirty individual scenes, professional animatronics and live actors. Weekends until Halloween, 7 PM - 10PM at 18444 Yonge St, East Gwillimbury Pioneer Village: Step into 1860s Ontario at an open air-heritage museum Until November, 11

What Trends are we Seeing? The number of home sales in September 2024 rose by 8.5 per cent relative to that of September 2023.  The combination of softer home prices and decreasing interest rates have brought some wait-and-see buyers off the sidelines.  The benchmark home price index dropped 4.58 per cent on a year-over-year basis to $1,068,700. The largest decline came from the townhome market with a 4.0 per cent decline ($904,200).  The second largest decline came from the

Apple Picking: Royal Orchards offers 12 acres of apple picking. Sept 13 to Oct 20, 9 AM - 5 PM at 3105 16th Sideroad, King City Farm to Fork Tour: East Gwillimbury has an abundance of local farms where guests can explore farms/attractions. Sept 30, 9 AM - 5 PM at 18974 Leslie St, East Gwillimbury Art Bash 2024: Celebrating Ontario’s collection of modern art and the artistic expression, fashion, music and food. Sept 26, 8 PM at 317 Dundas St W, Toronto Urban Makers Market:

What Trends are we Seeing? With the Sales-to-New Listing Ratio (SNLR) for residential homes at 40% we continue to see a buyer’s or balanced market.  Note that this is an uptick from prior months of July and August where the SNLR was definitively a buyer’s market.  The number of transactions in August 2024 decreased to that of August 2023 by 5.3%.  Notable is that there was an increase in the number of transactions from July 2024 to August 2024 by 0.6 per cent.  All property

What Trends are we Seeing? From properties that are struggling to get a showing, to multiple offers on $2.0M+ properties and in the last 90 days seeing two +/-$5.0M sales which have been listed as long as 18 months the real estate market is as easy to predict as the weather.  The Sales to New Listing Ration (SNLR) moved deeper into buyer market territory from June’s 38 per cent to July’s 33 per cent.  Yet, sales increased from July 2024 relative to that of July 2023 by 3.3 p