The city and the province are officially open! With the relaxed protocols, this signifies we're nearing the end of COVID years. As of March 21st when mask mandates are lifted, it seems the only remaining protocols will be around travelling in and out of Canada. For some it's too soon and for others, not soon enough. For all our sakes, let's hope this means life as we once knew it can return in time for spring!

For the first time since 2018, the Bank of Canada raised the key interest rate by .25%, which is likely the start of a number of incremental increases meant to slow down the housing market. For more of my thoughts on what's happening in the market, check out my latest blog.

Home prices continue to rise in Toronto and despite a few more listings hitting the market, there is still not enough inventory to satisfy demand. The most dramatic price increases happened outside of the 416, but the average home in February cost 23% more than it did this time last year.

There's a lot of good stuff below...but specifically, don't miss my listing for a modern one bedroom suite by the lake with a stellar CN Tower view. It's a phenomenal investment property!

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
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Spacious 1 Bedroom Suite With Amazing Views
709-90 Stadium Road: $645,000
Amazing city skyline and lake views from this well laid out and spacious one bedroom suite with locker. Open concept living/dining area with modern kitchen and plenty of storage. Over-sized bedroom with deep closet organized that includes shelving and drawers. Storage locker also included. Ideal for walkers and sports enthusiasts. Steps to the lake, new Loblaws, trails, transit, King and Queen West, CNE, Rogers Centre, CN Tower, aquarium and more!
Toronto Real Estate Board Market News
Greater Toronto Area (GTA) REALTORS® reported 9,097 sales through the Toronto Regional Real Estate Board's (TRREB) MLS® System in February 2022, representing a 16.8 per cent decrease in the number of sales compared to February 2021. The supply of listings for low-rise home types (detached, semi-detached and townhouses) was also down year-over-year, but not by as much as sales. In the condominium apartment segment, particularly in Toronto, new listings were up in comparison to February 2021.
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NOT INTENDED TO SOLICIT BUYERS/SELLERS ALREADY UNDER CONTRACT.