From the Mak Family…
Once in a while, we like to take grandma out to see NTM.
They both love Chicken Nuggets and fries, so it’s a great match.
If you’re wondering, she’s a healthy 98 and still up and about!
We’re looking to celebrating her big 100 sometime in 2025!
FREE Tickets to the Home Show!
This year’s National Home Show is from March 7 to March 18 at the Exhibition Place.
There are a lot of great vendors and technologies on display and I’m giving FREE tickets to past clients and supporters of my real estate business in the past year.
I hope to see you there!
2023 is Starting to Gain Steam
In January 2024, the average home sold for $1,026,703.
This is down -5.3% from last month and down -1.2% from last year.
Although the average value is down a bit, the number of sales have increased to 4,223 sales in January, which is +36.98% more than last year.
Still, keep in mind that 2023 was an extremely slow year, so any year-over-year comparisons would likely sound positive.
With the recent Bank of Canada announcements, a fifth rate-hold is expected on March 6th with potential cuts on April 10th or June 5th.
Anecdotally, many are still talking about the semi-detached in Mississauga that got 85 offers and sold for almost +$250k above asking.
This shows the pent-up demand of buyers looking for affordable housing ahead of the interest rate cuts.
I expect it to get a lot busier, especially after the March Break.
Is it the right time to buy or sell?
Call me at (416) 276-4895.
CONGRATS
Congrats to R & E for leasing out your property.
We received 6 written offers from realtors plus a few verbal offers from non-represented tenants.
In the end, they were ecstatic to accept an amazing tenant who paid above asking price.
Is now the time to sell your investment property?
Call me at (416) 276-4895 and let’s talk about the market.
