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This week’s tariff news brought new meaning to March coming in like a lion. Whether or not there is reprieve thanks to temporary suspensions, the economic impact of recent events is undeniable – higher costs, market uncertainty, and the very real possibility of a recession. The question now is whether this is a short-term storm or a longer-term shift. Recent directives from south of the border have sparked apprehension, speculation, and – of course, from our clients especially – questions about how this will affect the real estate market.

But as challenging as this moment feels, it also calls for resilience. Canada is becoming more self-reliant, more patriotic, and more appreciative of its strengths – including our vast resources and stable…

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February… the shortest month that somehow always feels the longest. Whether you find peace on the slopes or by the surf, we hope there’s something bright on the horizon. Meanwhile, our team is gearing up for what promises to be an active spring market, despite uncertainty in the air.

Since our last newsletter, a lot has changed—politically, on both sides of the border, and economically, as markets react to new policies, speculation, and shifting consumer sentiment.

Toronto’s housing market kicked off 2025 with lower-than-expected inventory given how strongly it was performing at the end of the year. That said, listings that did come to market sold well, with multiple offers across all price points—including the luxury segment up to $10 million.…

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Happy New Year! As we step into 2025, we are entering a landscape shaped by significant political and economic shifts. Just last week, Prime Minister Trudeau announced his resignation, and, as I write this, we are one week away from the U.S. Presidential inauguration. These political changes have already had an impact on the market, with the Canadian dollar strengthening somewhat in response to Monday’s news.

The year ahead is also expected to bring renewed energy to the real estate sector. Increased consumer confidence, driven by greater buying power, will likely spur market activity. While the post-holiday period is traditionally slower, we anticipate an uptick in momentum by late January, and for the market to reach peak activity from…

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In a recent compelling interview on BNN Bloomberg, Cailey Heaps, the President and CEO of Heaps Estrin, shared her expert insights on the current real estate market. Speaking with Amanda Lang, Heaps delved into the intricacies of market trends, strategies for navigating the high-interest rate environment, and her predictions for the future of real estate. This post highlights the key points from this discussion, offering valuable insights for both buyers and sellers in today’s market. [Link to the full interview video]

Anticipating Interest Rate Changes in 2024

Cailey Heaps discussed the widespread anticipation of interest rate decreases in spring 2024. While some are hopeful for this shift to stimulate the market, Heaps advises caution and…

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As the crisp air of autumn settles in and the leaves begin their glorious display, Toronto’s real estate market is also undergoing some remarkable changes. After a series of financial and regulatory changes, we are experiencing a noticeable uptick in activity. For the first time in months, we are seeing multiple offers re-emerge on several of our listings, signaling a renewed urgency among buyers.
 
With interest rates continuing their descent, combined with changes to amortization periods, insurance caps and adjustments…

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As quickly as it arrived, summer has flown by. Pencils are being sharpened, lunches are being packed, and there has been a palpable shift in energy, weather, and expectations concerning the Toronto real estate market.

While conditions remained relatively stable over the warmer months, it’s no surprise that many buyers were momentarily preoccupied with all that summer had to offer. However, with fall just around the corner, we expect a renewed focus from buyers, making this the perfect time to start planning…

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As we move through the quieter summer months, it is typical for the market to experience a bit of a slowdown, with many Torontonians shifting focus to summer getaways and warm weather adventures. There is, however, a fitting adage about the real estate industry never taking weekends off, and – judging by the activity level in our own headquarters – the same may indeed be true of summers. While much of this activity can be attributed to strategic planning and thoughtful preparation for the fast-approaching Fall…

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Consumers need to see more interest rate movement before major effects are felt.
This summertime reprieve presents the perfect opportunity to ready ourselves for a busy fall.

“If you build it, they will come.” For those of us who remember that famous movie line, this year’s anticipation around interest rate cuts had many feeling that same sense of eager anticipation – if you cut it, they will come. The sales figures for the month of June, however, tell a rather different story. The Bank of Canada’s…

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And… we have lift-off. After months of speculation from economists, analysts, and armchair experts alike, the Bank of Canada has decreased the overnight lending rate by 25 basis points. While this may seem like a small gesture from a financial standpoint, it is one that could have a rather profound impact on the Toronto real estate market, as many are viewing it as a positive sign of things to come. 

While it may not translate into a significant change to monthly mortgage payments, the cut marks the first time in more than four years that we have seen any decrease to the all-important lending rate, and, as such, it is widely expected to buoy sentiment among those who have remained on the sidelines.

"Affordability is…

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