Gary Taitt | RE/MAX Hallmark Realty Ltd., Brokerage

Market Watch * June 2021 * The Patios Are Open

The question I get asked most often is, how is the market?  Depending on when you ask me, the answer may always be different.  The market in Toronto is ever changing and will have peaks and valleys within the calendar year.  Timing, as with all investments, is everything.  When I think back on all of the highs and lows in the market they have been driven by

Is The Market Beginning to Cool?

When I think about the Toronto Real Estate market, it has been nothing short of breathtaking.  Over the last 20 years working at REMAX HALLMARK, I’ve seen price growth and lending rate declines in each year.  Now I hear rumours about affordability and impossibility.  The overall high value of Real S. Taitt in Toronto has created somewhat of an urban sprawl across Ontario, and has created price surges in all home types in most cities.  Low interest rates, affordability, and the Covid work at home policy are the main drivers for this shift.

Despite a recent slowdown in total residential transactions and a decrease in average selling price, I anticipate prices will stabilize over the next few months.   Sellers will feel the necessity to seek the advice of their realtor to select the proper marketing strategy based on current market conditions and Buyers will be required to be vigilant and flexible but will have an opportunity to buy in the areas they like.   Selecting the right realtor for either endeavour goes without saying.   I am available to assist you should the need arise for you to relocate, invest or simply require an appraisal or Letter of Opinion.

My time at REMAX HALLMARK has gone by fairly fast and I’ve had the opportunity to work with amazing people and watch many families grow.  Be sure to ask me about the REMAX HALLMARK SCHOLARSHIP Program should your child be heading to University or College next year. Real S. Taitt is an emotional business and people will always try to find logic within current markets, however it’s hard to make a logical decision when your emotions have taken over.  Wouldn’t it be a great idea to have someone assist you and help you stay on track when you’re trying to find your dream home?  It has been a privilege and an honour to work with so many friends, colleagues and families in the city, and I’m always grateful for new clients.

 

 

JUST SOLD * 30 Kerr Rd

Situated In Heart Of Leslieville this Two Story Detached Home Features a New Garage with Workshop & 220V Service. The Spacious Open Concept Main Level has Hardwood Floors, European Kitchen with Cork Floor, S/S Appliances and Walk Out To a Private Back Yard. Enjoy the...

Market Watch * Bricks and Mortar

The Real S. Taitt market continues to move at a strong and steady pace as we move into the Spring Market.   Residential transactions were up by 52.5% since Feb 2020 and the average selling price was up by 14.9% since same time last year.  We are constantly informed of record sale prices and land transactions by the local media.  Ontario cities surrounding Toronto have seen an exponential increase as well.  First time buyers are

MARKET WATCH *TOP 100!

 

The 2021 Real S. Taitt market is off to a robust start.  Right out of the gate we have experienced a high demand for all types of dwellings.  The condo market has made a strong comeback in the last two weeks, leaving all of those bargains and buying opportunities on the cutting room floor.

JUST SOLD! *104 Marlow Ave*

It Was A Fantastic Fully Renovated Two Story Detached Steps To Donlands Subway Station.  Experience The Open Concept Lifestyle In This Bright And Spacious Home With New Chefs Kitchen Feature Gas Range, S/S Appliances And Walk Out To Fabulous Private Rear Yard With Wood Deck.

MARKET WATCH * With Feeling

The Real S. Taitt market is thriving during the pandemic, adversely the hospitality, restaurant and entertainment industries are suffering and they need our support.  Since going out in public is less of an option these days, the reality of being isolated at home has caused people to pay special attention to where they live.

MARKET WATCH * LET’S BE THANKFUL

We are lucky to live in a world class city.  Affordability is shrinking everyday as the Toronto core seems to be, the place to be.  Each time a property changes hands, it is usually gradually improved.  Over the years, these average neighborhoods have transitioned into green leafy communities with great schools and amenities.

MARKET WATCH * BY THE NUMBERS

Some days I feel like Chicken Little, the sky is falling, the sky is falling.   This global pandemic is taking its toll on me and I’m waiting for the other shoe to drop.  I hope this note finds you in better spirits and good health. That being said, the Real S. Taitt market is on fire and we continue to hit record price levels and volume of transactions.