Steven  Maislin

Steven Maislin

Broker

RE/MAX Realtron Realty Inc., Brokerage*

Mobile:
416-410-6000
Office:
416-222-2600
Email Me

February 2022 Dear Friend,

February 2022

 

Dear Friend,

 

No news is good news! The GTA real estate market had its second-best ever January sales, with 5,636 sales reported through the Toronto Real Estate Board MLS system. The lack of new properties for sale pushed up the average January price to $1,242,793, but don’t panic or celebrate; it’s just the statistics for one month. I expect prices to increase this year between 10-15 %, as demand is strong and supply continues to be tight. As we head into the spring market, the inventory of homes for sale will increase as the weather warms up and Covid concerns abate.

 

The economic outlook remains strong; interest rates might go up slightly but are still at historically low levels. Two thousand twenty-two sales will reach 110,000 homes sold, a dip from 2021, but still, a strong result compared to previous years; all in all, pretty much a repeat of 2021.

 

In the 2,000 plus-year-old Chinese calendars, 2022 is the Year of the Water-Tiger. The water tiger comes up every 60 years. The water tiger is action-oriented and represents strength, bravery, and evil clearing away. Gong hei fat choy (in Cantonese, too hard for me in Mandarin, lol) to all our Chinese friends!

 

 

If you have any questions about the real estate market, Toronto or otherwise (there are some great opportunities in communities outside of Toronto), please give me a call; I would be happy to help. Also, if you know of someone buying or selling, please let me know, I will take extra good care of them.

 

Have a great February,

Your Friend in Real Estate

Steven Maislin, ABR, SRS, SRES, IRES, RENE, Broker
stevenmaislin.com
Text/Cell: 416-410-6000
Email: Steven@Maislin.com

 

Board-Certified Specialties
ABR:   Accredited Buyer Representative

SRS:   Seller Representative Specialist

SRES: Seniors Real Estate Specialist
IRES:  International Real Estate Society

RENE: Real Estate Negotiation Expert

 

 
RE/MAX Realtron Realty Inc., Brokerage
Telephone: 416-222-2600

182 Sheppard Ave West, 
Toronto, On. 
M2N1M8 Canada

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