In the News

  • Storeys Insiders | January 18, 2024

    Looking Ahead: An Expert’s Take On The 2024 Real Estate Market

    2023 was a challenging year for real estate, with a variety of factors that made buying, selling, and renting in the GTA an uncomfortable proposition for many.

    Now that the year is behind us, I'm seeing an uptick in optimism as we move into 2024, and it’s based on this: with the promise of lower rates and the possibility of lower prices on the horizon, folks are hoping for a healthy, busy spring market.

    But do we have reason to be optimistic? Maybe. There are a lot of factors shaping the market in the year ahead.

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  • Globe and Mail | January 3, 2024

    Hoping for Early Spring in a Chilly Housing Market

    Ontario’s real estate market is beginning the New Year with buyers and sellers in a stalemate. Many industry watchers are cautiously optimistic that both sides will find some common ground in early 2024.

    John Lusink, president of Right at Home Realty and Property.ca says the two camps have conflicting interpretations of the market statistics.

    Buyers pointed to low sales volumes as grounds for negotiating a reduced price; sellers pointed to flat year-over-year prices as a reason to hold firm.

    “The market is stuck,” he says.

    Mr. Lusink says inventory has risen substantially from the very low levels of the two previous years.

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  • Storeys Insiders | December 14, 2023

    An Expert Weighs In On The New Real Estate Regulations

    What the Trust in Real Estate Service Act (TRESA) means to buyers, sellers and real estate professionals.

    On December 1, the province brought in the Trust in Real Estate Service Act (TRESA), updating the rules that govern real estate professionals in Ontario. I won't go through all the changes here: you can check this STOREYS article, or RECO’s new guide to working with an agent for greater detail. In this article, I’ll look at the biggest changes, and what kind of an impact I believe they'll have on buyers, sellers, real estate agents, and the market in general.

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  • Storeys Insiders | November 17, 2023

    What Should Sellers Do In This Market? An Expert Explains

    With skyrocketing costs, it's really no surprise people aren't stepping up to buy, despite the huge selection of properties for sale. So, what can you do as a seller to make it happen? Four things: get the price right, understand the data you’re looking at, learn how long it takes to sell in this market, and (most importantly) work with the right agent.

    If you're a seller in this market, be prepared for a more challenging experience than you would have had earlier in the year. Look closely at current data, work with an agent who's willing to put in the extra work, be willing to negotiate – and be patient.

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  • Storeys Insiders | October 27, 2023

    Expert: In A Buyers’ Market, Buyers Are Frozen On The Sidelines

    A lot of experts are throwing around the term “buyers’ market” these days. Inventory is up an astounding 44% year-over-year and 11% month-over-month, and Right At Home Realty has the highest number of active listings we've seen in a long, long time. Supply is outpacing demand, but today’s buyers probably don't feel like they have much of an advantage.

    Despite the fact that there are way more listings out there, sales have dropped by more than 7% over last year. Affordability and lack of confidence are huge factors: buyers simply aren’t biting.

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  • Storeys Insiders | September 28, 2023

    Expert: Interest Rates Are Putting The Brakes On Buying

    While it's certainly promising that the Bank of Canada held its rate in early September, that doesn't mean we'll be seeing a big difference in buyer confidence this fall. After those last couple of hikes, and with inflation still being higher than it should be, consumers have really put the brakes on buying. It's going to take a lot more than one rate hold to rebuild confidence. In fact, buyers are likely to head back to the sidelines until there's more certainty around interest rates.

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