Suzanne Jenkins's blog

The Toronto Regional Real Estate Board (TRREB) reported last week that the real estate market had seen a resurgence in sales activity since last year.  Sales activity rose to 5,607 properties during February or a 33% jump over January sales.  These sales were supported by a 37% increase in new listings during the month.  As we entered March there were 11,102 active listings available to buyers and no expectation that new listings would slow, as we embark on the Spring Market.  The average selling price of all home types was $82,017 higher than in January up 7.9% to $1,108720.  A detached...

Our Greater Toronto Area (GTA)  real estate market took a nose dive in terms of annual homes sold in 2023.  For the first time since the year 2000 the Toronto Regional Real Board (TRREB) posted the lowest number of homes sold, reporting 65,982 sales in 2023.  A significant decline from the peak experienced in 2021 of 121,712 sales.  Total sales were down 12.1% from 2022.  Average selling prices declined year over year by 5.4% ending the year at $1,126,604.  Over the past decade, average household income has not kept pace with rapidly increasing home prices.   Uncharacteristically low...

Fall Real Estate Market in The GTA

This past week the Toronto Regional Real Estate Board (TRREB) released it's market stats for the month of September.  According to the TRREB, The impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth continued to weigh on Greater Toronto Area (GTA) home sales in September.  “The short and medium-term outlooks for the GTA housing market are very different. In the short term, the consensus view is that borrowing costs will remain elevated until mid-2024, after which they...

Greetings and welcome to our early Spring newsletter! As we bid goodbye to winter, the real estate market is shaping up to be as bright and hopeful as the blooming trees. We have some exciting data to share with you, so let's dive right in!

2023 Real Estate Market Outlook (And What It Means for You)

Are you having a hard time getting your mind around the real estate market?  Do you feel paralyzed by either the Fear Of Missing Out (FOMO) or the Fear Of Over Paying (FOOP)?  If you were ready to make a move earlier this year but didn't act and now you have been watching prices fall and still feel stuck, then why not get some help by having The Jenkins Team and our trusted mortgage brokers involved to help you fully understand the reality of this market and whether now is a good time to buy or