Simon Milberry | RE/MAX Hallmark Realty Ltd., Brokerage

Real Estate Blog

April 2022 Market Review

As happens from time to time, the Toronto real estate market has entered a pause. Lots of voices are pointing to increased mortgage rates, and that's a factor, but I think there's more to it than just that. The market was incredibly competitive for the...

January 2022 Market Review

The Toronto real estate market has been characterized by low supply for years now. That's really been the primary driver of price increases. Sure, there are other factors like low interest rates, a strong and diverse job market, new and renovated homes that drive up...

New lease listing at 38 Monte Kwinter Crt – LEASED!!

Fresh off the leasing of #705-38 Monte Kwinter Court, I have a new listing in the building. It's the residential portion of a live-work space (the owner will run his quiet business out of the separate main floor), featuring an open concept living area, a...

September, 2021 Market Review

As usual, the Toronto real estate market picked up after Labour Day. As TRREB put it in their monthly summary, "Sales increased relative to August and were also at the third-highest mark on record for the month of September. The average selling price was up both...

Summer 2021 Market Review

The Toronto real estate market almost always takes a breather in the summer time, as both buyers and sellers turn to other activities - like enjoying the outdoors and having fun! But, the market never stops. Here's what happened over the last couple of months. July...

March, 2021 Market Review

By now we've all been hearing for a couple of months about how 'hot' the Toronto real estate market is - and it is. Some of that has to do with COVID - i.e. we're comparing this busy March to post-lockdown March 2020 - but...

January-February 2021 Market Review

January was a busy month for real estate in Toronto. Here's what the Toronto Regional Real Estate Board (TRREB) had to say in their monthly summary: "• January 2021 home sales amounted to 6,928 – up by more than 50 per cent compared to January 2020....

November, 2020 Market Review

The torrid pace of real estate transactions in this latter half of 2020 continued through November. TRREB reported 8,766 sales in November across the GTA, up 24.3% over November, 2019.  New listings also increased, by 33.4% (from 8,651 in November 2019 to 11,545 in November...

October, 2020 Market Review

The Toronto real estate market continued to show signs of releasing some pent up activity in October. Year-over-year sales increased by 25%, from 8,445 sales in October 2019 to 10,563 last month. That's a pretty big jump, and it's probably a reflection of the need...

Toronto Condos – Q3 Rental Report

Unlike sales, which TRREB reports monthly, condo rentals are only reported by TRREB quarterly. The Q3 report came out recently, and the numbers show that the Toronto condo rental market is definitely feeling the effects of COVID-19. Specifically, units that would have in the past...