As we look ahead to the evolving landscape of the Canadian economy, a recent forecast from TD brings a potential shift that could significantly impact the real estate market. According to this forecast, the Bank of Canada (BoC) is expected to reduce its policy interest rate to 2.25% by 2025, a substantial decrease from the current rate of 5%. This change, driven by easing inflationary pressures, could usher in a new era for borrowers and the real estate sector at large.

In recent times, the real estate market has faced headwinds, with home sales declining across major Canadian markets. This trend is partly attributed to the high mortgage rates, which have deterred many potential homebuyers, either due to qualification challenges or strategic…

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From Beyond, A Heaps Estrin Publication
Page 37
Heaps Estrin Real Estate Agent and Architectural Historian


Toronto’s Wealth Surge: A New Era of Affluence

As Toronto’s real estate market sees most houses starting around the $1 million mark, the increase in the city’s affluent population is unmistakable. A recent study by Henley & Partners and New World Wealth sheds light on this phenomenon, revealing that the number of high-net-worth individuals in Toronto has surged by 29% over the last decade.

A Significant Leap in Global Wealth Rankings
This growth has not only been significant but also rapid. Toronto now stands as the 12th wealthiest city globally, marking a notable rise of two spots since 2022. The city’s wealth profile is impressive,…

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The season of giving is upon us, and we at Heaps Estrin are thrilled to continue our tradition of community support. This year, we are proud to collaborate again with Joy in a Box and The Shoebox Project, two remarkable organizations dedicated to supporting those affected by homelessness across Canada.

Our Charitable Partners:

  • Joy in a Box: Focused on children, this initiative fosters empathy and kindness in young hearts by helping them support their peers in need. Click here to learn more.
  • The Shoebox Project: Aims to spread compassion and support to local women affected by homelessness through gift-filled shoeboxes and messages of encouragement. Click here to learn more.

How You Can Participate:

  1. Choose Your Initiative: Decide…

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From Beyond, A Heaps Estrin Publication
Page 9
Words by Alex Corey
Heaps Estrin Real Estate Agent and Architectural Historian

The Bay-and-Gable architectural style is significant in Toronto’s architectural history. Unlike well-known styles such as Georgian, Tudor, or Queen Anne revival, bay-and-gable stands out for its wide geographic spread and numerous homes. This style can be found throughout the city, with concentrations in areas like Cabbagetown, Summerhill, the Annex, Little Italy, and Parkdale, and smaller groupings stretching from the Upper Beaches to Weston and down to Mimico. Developed in the 1870s, the bay-and-gable style emerged in response to the economic challenges of housing the growing middle class in Toronto’s suburban…

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