Happy New Year and welcome to 2023! It's not too late to say that, is it?? I hope you had a wonderful holiday season and you're refreshed to tackle a new year full of changes and opportunities!

Despite the cold, there are plenty of events happening in the city. Read more about that below, plus learn about some new laws and regulations that may affect you, including better protection for condo purchasers. I've also got updates on the new Vacancy Tax, Foreign Buyers Ban and The Anti-Flipping Rules.

The numbers are out for December's home sales and based on my experience in the market, there are no surprises. We continue to see a trend of slower home sales and softening prices. However, there are opportunities in the market for investors, considering rents continue to climb in Toronto, as well as for those with large down payments.

Mark your calendars, the Bank of Canada is set to make another rate announcement on January 25 and then again on March 8. Experts are predicting any further increases could be minimal and they are hopeful that the March announcement could be the last increase for the year.

I'm always happy to chat about the real estate market, so if you're curious about what's happening in your neighbourhood, please give me a call!

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
Toronto Events for January
January might seem a little dreary, but there are plenty of events happening around the city to get you out of the house! On until January 29, Le Musk combines cinema, motion, and scent to offer a thrilling evolution of immersive entertainment, the Interior Design Show is on from January 19 - 22 and Winterlicious starts on January 27. For details on those events and much more, have a look at my blog!
The Best Place to Buy a Suit in Toronto
The best places to buy a suit in Toronto can help you out with a formal look for pretty much any fancy upcoming occasion, even if you're totally stumped. Trousers, dress shirts, vests, jackets and ties come together for the ultimate 'fit at these spots.
Toronto Real Estate Market 2022: Year in Review
When we first ushered in 2022, there was a buzz in Toronto’s real estate market. Everything was selling. Homeowners appeared overly confident about the value of their homes while buyers felt quite desperate; throwing money at places to see if they could be the winner.
A Whole Bunch of New Laws and Regulations Coming Into Effect for Ontario
Ontario residents are looking ahead to a brand new year with new opportunities, new possibilities, and… new rules to follow. The provincial government has published a handy list outlining all of the new legislation and regulation changes that came into effect on January 1, 2023.
Toronto Real Estate Board Market News
GTA REALTORS® reported 3,117 sales through the TRREB’s MLS® System in December 2022 – down 48.2 per cent compared to December 2021. New listings totalled 4,074 – down 21.3 per cent compared to 5,177 in December 2021.
Follow me
NOT INTENDED TO SOLICIT BUYERS/SELLERS ALREADY UNDER CONTRACT.