Steven  Maislin

Steven Maislin

Broker

RE/MAX Realtron Realty Inc., Brokerage*

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Steven Maislin's blog

May 2024, Dear Friend

Dear Friend,

I hope this letter finds you well. As you may know, the Toronto real estate market has seen some exciting trends lately. In April, the Toronto Real Estate Board reported 7,114 sales, slightly higher than the 7,000 sales predicted by my brokerage. With the warmer weather, more homes are coming on the market, and we are seeing the start of the spring estate market. However, with only 18,088 homes for sale and an anticipated 7,500 sales, there are less than three homes available for every buyer. This has led to sellers receiving above asking prices for homes listed at market...

Join Me in Supporting Alzheimer’s Research and Care!

Dear Friends and Family,

As many of you know, I’ve been participating in the Scotiabank Pro-Am for Alzheimer’s for an incredible 18 years. What started in my forties has become a cherished tradition as I approach my vibrant 69 years young.

This unique 2-day hockey tournament in Toronto brings together NHL Alumni and passionate hockey enthusiasts like me. But it’s more than just a game—it’s a powerful force for Alzheimer’s research and care.

Why do I lace up my skates year after year? The funds we raise directly impact the groundbreaking work at Baycrest Foundation, one of the world’s top...

April 2024 Dear Friend

Dear Friend,

 

Get ready, get set…….The "spring" market is almost upon us!

 

Traditionally, buyers start coming out as the weather grows milder. The number of sales in March (6,560) increased over the previous month, and we will see another rise in the number of sales in April. As of the end of March, there were 13,120 homes for sale, but with the anticipated 8,000 to 9,000 sales, April buyers will face limited choices and competition, which means multiple offers and a rise in prices.

 

Buyers ask me, "Is it too late? Should I have bought it last year?". The truth is that the best time to...

March 2024 Freind

March 2024 

Dear Friend, 

Spring is in the air! Buyers were out enjoying the springlike weather and buying homes! Realtors sold 5,607 homes in February, up 17.9% over February 2023, and the average price edged up slightly by a little over 1% to $1,108,720. While some have celebrated that more listings came on the market, the listing inventory stands at 9,643, with two homes for sale for every buyer. Buyers in March are experiencing less choice and stiffer competition when buying, which always results in higher prices. 

Keep in mind that these are average numbers. The GTA is a large market...

March 2024 Freind

March 2024 

Dear Friend, 

Spring is in the air! Buyers were out enjoying the springlike weather and buying homes! Realtors sold 5,607 homes in February, up 17.9% over February 2023, and the average price edged up slightly by a little over 1% to $1,108,720. While some have celebrated that more listings came on the market, the listing inventory stands at 9,643, with two homes for sale for every buyer. Buyers in March are experiencing less choice and stiffer competition when buying, which always results in higher prices. 

Keep in mind that these are average numbers. The GTA is a large market...

February 2024 Dear Friend,

February 2024

 

Dear Friend

 

A great start to 2024!  Despite the winter weather and the higher-than-usual borrowing rates, January’s 4,223 sales were 37% higher than January 2023's. The desire for home ownership remains high! Unfortunately, while the number of new listings was up, they were only up 6%, highlighting tighter market conditions and raising the spectre of bidding wars to come. When?  Well, it has already started to a lesser degree, but it will really become headline news as the Bank of Canada starts cutting its borrowing rates, likely in the second half of...

February 2024 Dear Friend,

February 2024

 

Dear Friend

 

A great start to 2024!  Despite the winter weather and the higher-than-usual borrowing rates, January’s 4,223 sales were 37% higher than January 2023's. The desire for home ownership remains high! Unfortunately, while the number of new listings was up, they were only up 6%, highlighting tighter market conditions and raising the spectre of bidding wars to come. When?  Well, it has already started to a lesser degree, but it will really become headline news as the Bank of Canada starts cutting its borrowing rates, likely in the second half of...

February 2024 Dear Friend,

February 2024

 

Dear Friend

 

A great start to 2024!  Despite the winter weather and the higher-than-usual borrowing rates, January’s 4,223 sales were 37% higher than January 2023's. The desire for home ownership remains high! Unfortunately, while the number of new listings was up, they were only up 6%, highlighting tighter market conditions and raising the spectre of bidding wars to come. When?  Well, it has already started to a lesser degree, but it will really become headline news as the Bank of Canada starts cutting its borrowing rates, likely in the second half of...

January 2024 Dear Friend,

January 2024

 

Dear Friend, Happy New Year!                                                                     

 

In my opinion, the Toronto real estate market had quite surprising results in 2023.

 

We entered the year with threats of a recession, increasing borrowing rates, and predictions of many homes going under the power of sale. That did not happen. Yes, the constant borrowing rates increased, and the naysayers did impact the market, but certainly to a minor extent. The GTA market ended the year with almost 70,000 sales, and while there was an impact on home...

December 2023 Dear Friend,

December 2023

Dear Friend,

Wow, it's a real shocker as buyers reaffirm the strength of the Toronto real estate market! Toronto realtors sold 4236 homes, a similar amount to the previous November, and the average home price was only down 2% from November 2022! Given the high interest rates and predictions of home prices falling drastically, the November numbers prove that the Toronto real estate market is robust!

These numbers reaffirm people's strong desire to own their own homes, confidence in the economy, and long-term confidence in the real estate market.

In November, homes...

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