It's hard to believe we are nearing the end of the year and the holiday season is fast upon us! I don't know about you but my favourite thing about this time of year is that it's the start of "comfort food, guilt-free gluttony"... sauces, stews and hearty soups; along with the multiple clothing layers to cover my growing belly!

Speaking of bellies, the Santa Claus Parade is happening this month, along with the Royal Agricultural Winter Fair. See below for those events and more in this month's event blog! Also below, are articles on the history of Kensington Market and the pros and cons of assignment sales.

The Toronto Real Estate Board has released the numbers for October sales and there are no real surprises. Sales are down almost 50% compared to October 2021, though prices remain fairly steady compared to September 2022. TRREB indicates that it believes "The Bank of Canada’s most recent messaging suggests that they are reaching the end of their tightening cycle. Bond yields dipped as a result, suggesting that fixed mortgage rates may trend lower moving forward, which would help affordability.”

At the end of October, the Bank of Canada raised the key interest rate by another half a percentage point. We'll have to wait and see if any further increases can be expected and how the market will be affected.

As always, I thank you for your past and future business...and any referrals of friends or family you may have are greatly appreciated!

Check out www.be-at-home.com for exciting real estate opportunities!

Brian Elder
Sales Representative,
SAGE Real Estate Ltd., Brokerage
416-483-8000
November Events in Toronto
If you’re looking for fun things to do in November, the Royal Agricultural Fair runs until November 13, the Distillery Winter Village opens on November 18 and the Santa Claus Parade is on November 20. For details on those events and much more, have a look at my blog!
Here's What Kensington Market in Toronto Has Looked Like Since the 1910s
Prior to the first World War, Kensington Market had yet to develop into the full-blown outdoor market scene that it has since become. The growth of the Jewish community during the inter-war years would, however, change the area from a tired residential neighbourhood, to a burgeoning marketplace.
Why Assignment Sales Are in the News – And the Risks Associated With Them
The topic of assignment sales has been in the news recently. It seems a higher number of buyers than usual are looking to sell their purchase agreements on pre-construction condos.
Here's How Much Home Space $300,000 Gets You in Major Canadian Cities
Right now, even though the national median home price has fallen under $630,000, high interest rates have potential buyers on the fence. But what can you get if you only have half of that amount to spare?
Meet Me in the Market!
#605 - 25 George Street: $1,329,000
Olde York Place II: When space matters, this approximately 2,500 square foot suite offering 2 bedrooms plus a family room AND a separate den suite, in the ever popular St. Lawrence Market, is sure to satisfy! Meticulously maintained and ideally located in a quiet and mature complex. The generous living room/dining room is perfect for entertaining guests and family gatherings. The den is ideal for an at home office or study and the separate eat-in kitchen offers ample work space for those who love to cook. Best of all, imagine ending your day with sun-soaked west views toasting in front of a rare-to-find wood burning fireplace. Easily move-in ready or update to personalize. This suite is steps to pretty much everything the city has to offer, including St. Lawrence Market, Distillery District, supermarket, LCBO, theatres, restaurants, the Financial core, Harbourfront and the lake!
Toronto Real Estate Board Market News
GTA REALTORS® reported 4,961 sales through the Toronto Regional Real Estate Board’s (TRREB) MLS® System in October 2022 – a similar number to September 2022 but down by 49.1 per cent compared to October 2021. Year-over-year sales declines were similar across major market segments.
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