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Market Snapshot for October 2024

Market Stats for October 2024 are in!

Home sales are finally up across Toronto, with 44% more sales in October compared to last year. While new listings also grew, they didn’t keep pace with the surge in sales, tightening the market. The average selling price even increased slightly by 1.1%. Several factors are likely at play here, including interest rate cuts from the Bank of Canada and a final push by buyers to enter the market before year-end. We anticipate that, even with plenty of inventory, prices may start to rise by spring 2025 as supply tightens.

With new mortgage rules coming into effect on December 15th—designed to help first-time buyers and those in the under-$1.5 million market—we expect to see a boost in the entry-level market, which will hopefully create a ripple effect across home sales.

Thinking of making a move this year? Or maybe you’d like to explore your options for next year? Give us a call!

Want to see more about specific area’s of the GTA CLICK HERE


 

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Night Light Walk 2024

Last night we walked to raise awareness & crucial funds for local shelters in the Royal LePage Shelter Foundation’s NIGHT LIGHT WALK 💫

We are so proud to be part of the brokerage @royallepageestaterealty that hosted the Toronto event, it was a wonderful evening of education, awareness, community and raising funds! We are thrilled that the fundraising goal of $50k was exceeded, with 100% of donations going to our incredible local shelters: @reddoorfamilyshelter @nellies_shelter

These shelter’s open their doors and hearts to women and children in need, providing more than just a safe space—they offer hope, healing, and a second chance at life.

If you or someone you know needs support, please don’t hesitate to reach out for information, resources, guidance, and a safe place to turn.
Contact Nellie’s: www.nellies.org/get-help/i-need-help/
Contact
Red Door Shelter: www.reddoorshelter.ca/get-help/i-need-help/

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Enhance Your Home’s Curb Appeal with a Vibrant Fall Garden

 Contrary to what some might think, fall doesn’t have to be a season of shutdown in the garden. It can be an opportunity to turn your outdoor living space into a stunning autumn oasis that not only boosts your home’s curb appeal,  but also enhances your quality of life. While it may sound like a large undertaking, with the right tips, you’ll be well on your way toward creating a beautiful garden that thrives year-round.

Preparing Your Soil
Healthy soil is the foundation of any garden. Begin by clearing out any summer plants and debris from your garden beds. From there, you can enrich the soil with compost to boost its nutrient content, giving your fall plants the best environment to grow strong.

Choosing Your Plants
Spring isn’t the only time of year you can have beautiful flowers in the garden! The key is to choose plants that thrive in cooler weather. 

Perennials like asters, chrysanthemums, and ornamental grasses bring rich colours and textures to your space, while late-blooming flowers such as sedum and goldenrod will keep your garden looking beautiful as the season unfolds.

Planning for Continual Bloom
Creating a garden that blooms all year long is all about thoughtful planning  and choosing plants with staggered flowering times so that as one bloom fades, another takes its place. 

This way, your garden will stay vibrant and beautiful throughout the season. 

Are you ready to improve your home’s curb appeal?

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This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.