Hello!

March 2025 was not a normal March for Real Estate in Toronto and the GTA.

As you can see in the image, active listings are up 88%.  Sales are down 23%.  Average Prices are down 2.5%

Toronto 416 Condo Apartment sales are down 21.6%, while prices are down slightly at 1.8%.

The 416 Toronto Area is fairing better than the 905.  Especially the west side of the 905, these areas ran up prices more than the east side of the 905, so will fall harder.

There is uncertainty in the market, but there are people who will always transact.  Rates are lower, perhaps will go lower again but people...

March 2024

Dear Friend,

I hope this note finds you well! As we step into the spring market, I wanted to share some key insights from the Toronto Regional Real Estate Board’s (TRREB) February 2025 Market Watch Report, along with some thoughts on how the current economic landscape may present both challenges and opportunities.

Market Trends & What They Mean for You
February’s numbers show a steady demand for homes, with buyers adjusting to interest rates and sellers finding opportunities in a more balanced market. While inventory has increased slightly, well-priced homes continue to attract...

February 2025.

Dear Friend,

I hope this letter finds you in good spirits! I couldn’t wait to share some exciting news from the Greater Toronto Area (GTA) real estate market—because let’s be honest, what’s more thrilling than mortgage rates and home prices? (Okay, maybe a Leafs playoff run, but let’s stay realistic here.)

According to the latest Market Watch report from the Toronto Regional Real Estate Board (TRREB), January 2025 brought some promising signs for homebuyers. There were 3,847 actual home sales (not those fancy seasonally adjusted numbers), showing that buyers are jumping back...

Bank of Canada decision December 11, 2024

The Bank of Canada has lowered it's overnight rate to 3.25 from 3.75.

This brings prime rates the banks base their variable loans at to 5.45%

Rate decisions by the bank do not influence your fixed rate mortgage.

They do influence your variable rate mortgage, your adjustable rate mortgage and your HELOC and Line of Credit products, if you have them.

December 2024

Dear Friend,

Borrowing rates drop, Home sales rise!

A good month of sales in November as Toronto realtors sold 5,875 homes, 40.1% more than just a year ago. Lower borrowing costs have made home ownership more affordable, and buyers are taking advantage. The inventory of homes available for sale now stands at 21,818, offering a choice of homes, something the GTA market has not often had. The average price in the GTA year to date now stands at $1,120,000, 5.9% below the record average price of 1,190,742, set in 2022. While the average price being down 5.9% seems not too...

Designated Representative, what does that mean?

At Re/Max Realtron and it's sub-brokerages like Re/Max Realtron TPS are designated representative brokerages.

So the person you are signing with at Re/Max Realtron is your representative and not the entire brokerage.

Before TRESA when you signed a listing or buyers agreement, it was with the brokerage and technically anyone who worked for the brokerage (even if they never met you) was representing you.

This is difficult in brokerages with 100's of independent agents with different business plans.  It also meant you had to sign off on multiple...

Tomorrow is Remembrance Day in Toronto.

It is as important today as it ever has been to Remember.

Below is a link for services in Toronto

https://www.toronto.ca/city-government/awards-tributes/tributes/toronto-remembers/remembrance-day-service/

November 2024

Dear Friend,

October marked a very significant change to the real estate market in the GTA! The most significant was not only that the number of sales was 44% higher than a year ago, but the number of homes available for sale dropped as more buyers entered the marketplace.

These numbers highlight the effect of the drop in borrowing costs, allowing more buyers to qualify and increasing affordability.

6,658 homes sold in October (at an average price of $1,121,871) and with 24,481 homes currently for sale means that the average buyer has a choice of 4 homes available...

Dear Toronto,

It is that time of the year again!  Time to declare to the City that your residential property is vacant or occupied.

You did it last year?  Doesn't matter, it is a yearly declaration.  Have multiple properties? The declaration is required for each property you own.

If you forget, the city will assume it is vacant and send you a bill.  April 30th 2025 is the deadline, so there is lots of time.

Hope this helps.

Brian Matthews, Realtor

Re/Max Realtron TPS Realty Inc.

Visit Link Below

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

...

Today is October 20th 2024, and I am seeing one of the best buyers markets for Resale Toronto Condos in about 10-12 years.

Over the last two years we have heard a lot about unaffordability, housing shortages and, the like.

Well, when a seller's market becomes a buyer's market it can take time to reach affordable levels again.

Right now I am seeing a combination of excess inventory, long days on market, falling interest rates and, seller pressure to sell.

When this happens the buyers who are in the market ready to pounce will be the winners.

How will you know?

Right now I am seeing over 600...