As March begins, we are bidding adieu to winter and eagerly anticipating the arrival of spring. Fingers crossed that warmer, less snowy days are ahead...and soon!!

The real estate market is a mixed bag of emotions. Is there still activity? Yup. Are there still properties selling with multiple offers? Definitely. Have prices softened? Oh sure, but depending on the neighbourhood. Are we going to continue to see a downturn in the market? It depends on who you ask. See below for a blog post on my market opinions and another for exciting city happenings to keep hope alive.

There are two pieces of good news to share: prices in Toronto edged up in February compared to January and the Bank of Canada decided not to raise the key interest rate. Although the door is always open to future rate increases depending on inflation, this should give buyers and sellers more confidence in the market.

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
A Tale of Two Februaries
With apologies to Charles Dickens, it was the best of markets, it was the worst of markets. Picture it, Toronto: February 2022. The real estate market was frenzied. Fast forward to February, 2023. Sales and prices are down from historical averages, though prices are at about 2020 levels.
Toronto Events for March
With spring just around the corner, March brings us events and activities around the city to get us ready for more sun and warmer temperatures. With theatre openings, art installations, markets, food festivals and more, you're sure to find something to keep yourself entertained. Have a look at our list of events for March!
The Evolution of the Toronto Skyline Since 1957
Rewind 66 years, and Toronto's skyline is marked by only a few noteworthy stone buildings. But, everything would change in 1967 with the rise of Mies van der Rohe's TD Centre, which ushered in nearly seven decades of profound growth that completely transformed the shape of the city from a burgeoning lakeside metropolis to an international hub.
Toronto's Best New Winter Takeout
It may be March, but that doesn't mean winter is done with us quite yet. For those cold, grey days when you need carbs, this list has some of the best new greasy, cheesy and carb-heavy takeout — we're talking all-day Indian breakfast, Caribbean comfort food, dim sum, satisfying sandwiches and much more.
For Lease: The Cosmopolitan!
#805 - 25 Maitland Street: $3,450/month
A bright and spacious, newly updated suite with two bedrooms, a modern kitchen with granite countertops and stainless steel appliances, a huge primary suite with luxurious ensuite bath featuring a soaker tub and separate shower, and a large den/office easily used as a formal dining room. Parking and locker included. Approximately 1,170 square feet. Don’t miss the 5-star facilities, including rooftop terrace with outdoor pool, 24-hr concierge, running track and guest suites!
Toronto Real Estate Board Market News
February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022. However, the number of new listings also dropped substantially year-over-year. The result was that the average selling price and MLS® HPI continued to level off after trending lower through the spring and summer of last year.
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NOT INTENDED TO SOLICIT BUYERS/SELLERS ALREADY UNDER CONTRACT.