Nicole Boudreau

MARKET UPDATE FOR THE WEEK ENDING OCTOBER 19TH, 2018

26 October 2018
Nicole Boudreau

Come November, we’re firmly into fall but lately the real estate market feels like it’s spring out there! Several crazy home sales happened last week including one in our office that had 26 offers and sold for 56% above the list price. One just has to look at the number of multiple offers to know that the demand is high. What’s causing this excitement? Simple math... pent up demand plus a lack of inventory. Also, the news of an interest rate hike, the third one this year has got some buyers motivated to get out there before they get shut out of the market.


MARKET UPDATE FOR THE WEEK ENDING OCTOBER 12TH, 2018

19 October 2018
Nicole Boudreau

As we find ourselves midway thru October, it's going to quickly become primetime to view the changing landscape and watch the leaves change right here in our own backyard. The 7 best places in Toronto to see this beauty are: High Park, Toronto Islands, Humber River, Beach Boardwalk, Trinity Bellwoods, Evergreen Brickworks, and Mt. Pleasant Cemetery, located within some of the best neighbourhoods in the city. As we wade into the final days of the election, we have seen a slowdown in sales both in the freehold and condo markets. While we feel the outcome of the election has little bearing on home values, some buyers are taking the wait and see attitude towards buying right now. We shall soon see who reigns supreme.


MARKET UPDATE FOR THE WEEK ENDING OCTOBER 5TH, 2018

12 October 2018
Nicole Boudreau

Countdown to Cannabis in Canada, October 17th, 2018 Canada becomes the second largest country with a legal national marijuana marketplace. Uruguay launched legal sales last year, after several years of planning. Many are speculating how the decision will affect society and the economy. We as realtors will see inquiries from our clients as to what the impact of legalization on real estate will be and how will it affect residential property markets. If we look at what is happening in Colorado, the results showed that single family homes situated within 0.1 mile of a recreational marijuana store experienced an increase of 8 per cent relative to homes farther away. Whether Canadians homeowners also see a high, remains to be seen!


MARKET SNAPSHOT FOR SEPTEMBER 2018

12 October 2018
Nicole Boudreau

A look at the real estate market for September 2018