As we approach the close of 2024, there’s good news for Greater Toronto Area (GTA) homebuyers and sellers. November marked a significant boost in home sales, with activity rising 40.1% compared to the same time last year. Buyers are seizing opportunities presented by more affordable borrowing conditions, while sellers are seeing tightened market conditions lead to gradual price growth. What’s Happening in the Market? The Toronto Regional Real Estate Board (TRREB) reported 5,875 home sales across the GTA in November 2024, alongside a modest 6.6% increase in new listings year-over-year. This uptick in new listings wasn’t enough to outpace buyer demand, contributing to an overall average price growth of 2.6%, with the average selling price now sitting at $1,106,050. Detached homes in the City of Toronto showed particularly strong performance, with prices rising above the rate of inflation. Meanwhile, condos remain an attractive option for buyers, offering plenty of inventory and competitive prices, especially as borrowing costs continue to ease. Why 2025 Could Be a Game Changer for New and Experienced Buyers Market analysts, including TRREB President Jennifer Pearce, are optimistic about 2025. With inflation reducing and borrowing costs stabilizing, the stage is set for a stronger market recovery. Lower monthly mortgage payments and stable pricing are expected to draw even more buyers into the market. The Bank of Canada recently announced its intentions to continue reducing mortgage rates into 2025. According to forecasts, borrowing rates could drop by as much as 1.5% over the next year. For homebuyers, this translates to significant savings: A 1% decrease in mortgage rates could reduce monthly payments on a $500,000 mortgage by approximately $250. Lower borrowing costs will make it easier for first-time buyers to secure financing and for families to upsize their homes. Additionally, TD Economics projects that further rate cuts will lead to heightened affordability in Q1 and Q2 2025, creating a window of opportunity for buyers who have been waiting for more favourable conditions. What Does This Mean for Renters and Landlords? The rental market is also expected to evolve as high population growth drives demand. However, the current backlog of cases at the Landlord and Tenant Board (LTB) could benefit from reform to improve accessibility and fairness for all parties involved. For landlords, the growing demand could present an opportunity to stabilize rents and attract long-term tenants. For renters, a potential uptick in housing supply may provide more choices and competitive pricing. Are You Ready to Take Advantage of the Market? Whether you’re thinking of buying, selling, or exploring your options, I’m here to guide you every step of the way. With market conditions improving and 2025 shaping up to be a pivotal year, now is the time to futureproof your success in the Toronto real estate market. Let’s discuss how these market changes could benefit your real estate goals. Give me a call today to start planning your next steps!  

Thinking about upsizing to a home in Toronto? October might be the perfect time! The Market at a GlanceThis October, the Toronto real estate market saw a 44.4% YoY increase in home sales. Interest rate drops and stable condo prices have created an excellent opportunity for buyers seeking more space. Detached homes, with an average price of $1,778,855, are leading the charge, while semi-detached homes average $1,315,547. Meanwhile, condo prices dipped just 1% to $721,366, making it a great time to sell and move up. Why Upsizing Makes Sense NowFor growing families, detached and semi-detached homes in East York and Scarborough are perfect. These neighborhoods have experienced price growth of 40-60% over the last seven years, driven by new developments and improved transit. With projects like the Eglinton Crosstown LRT connecting communities, moving to a spacious home has never been more appealing. How Condos are Paving the WayCondo prices remain steady, providing a strong foundation for owners looking to upsize. Selling your condo now could give you the equity boost needed to move into a townhouse or detached home. The market stability offers a unique chance to transition smoothly. Make the Move Today!If you're considering moving from a condo to a house, this is the moment to explore your options. With an evolving market, personalized strategies can help you find the perfect fit for your family.

For many first-time homebuyers, finding the perfect balance between affordability, amenities, and investment potential is key. Scarborough, a vibrant and rapidly evolving area of Toronto, offers all of these and more. With new developments, infrastructure improvements, and an increasingly desirable lifestyle, Scarborough is quickly becoming a hotspot for savvy buyers. Here are the top 5 reasons why buying in Scarborough is the right move. 1. Affordable Entry Point for First-Time Buyers As the real estate market in Toronto continues to soar, Scarborough stands out as a more affordable option for first-time homebuyers. While still part of the Greater Toronto Area (GTA), the average home prices in Scarborough are more accessible than in central Toronto, making it an ideal location for those looking to purchase their first property. This affordability doesn't mean compromising on quality, as many new developments offer modern, stylish living spaces that cater to various lifestyles. For example, check out the 2-bedroom plus den, 2-bathroom condo at 22 East Haven Drive, Unit 335, which comes with 1 parking spot and 1 locker. 2. Exciting New Developments and Infrastructure Upgrades Scarborough is experiencing a surge in new residential developments and infrastructure improvements. The Kingston Road corridor, in particular, is seeing significant transformation, with new condos, townhomes, and mixed-use developments springing up. Alongside these projects, public transit is being enhanced with the upcoming extension of the Eglinton Crosstown LRT, which will further improve Scarborough’s connectivity to downtown Toronto and surrounding areas. For first-time buyers, this combination of new construction and infrastructure upgrades presents a rare opportunity to invest in an area on the rise. 3. Proximity to Scenic Outdoor Spaces One of the greatest perks of living in Scarborough is its access to beautiful natural landscapes. The stunning Scarborough Bluffs, nearby parks, beaches, and scenic trails make the area a haven for outdoor enthusiasts. Whether you're looking to hike, enjoy a beach day, or simply unwind in a park, Scarborough has it all. First-time homebuyers who appreciate the balance of city living and nature will find that Scarborough offers the perfect blend of both. 4. Diverse and Vibrant Neighbourhoods Scarborough is known for its rich cultural diversity and vibrant neighbourhoods. The local community is filled with an eclectic mix of shops, cafes, and restaurants that reflect the area's diverse population. The Beaches neighbourhood, for example, offers a charming, laid-back atmosphere with its independent boutiques and trendy eateries. For those looking to be part of a welcoming, diverse community, Scarborough offers an inclusive environment that appeals to a wide range of lifestyles. 5. Long-Term Investment Potential For first-time homebuyers, investing in Scarborough is not only about securing an affordable home but also about future financial growth. The area's ongoing developments, improved public transit, and increasing demand make it a prime location for long-term investment. As more people discover the benefits of living in Scarborough, property values are expected to rise, offering strong appreciation potential for homeowners. This makes Scarborough not just a place to live but a wise financial decision for those looking to build equity over time. For first-time homebuyers, Scarborough offers an unbeatable combination of affordability, modern living, and long-term growth. With new developments, enhanced infrastructure, and the natural beauty of the area, Scarborough is quickly becoming one of Toronto's most promising neighbourhoods. Whether you're looking for your dream home or a wise investment, Scarborough has something to offer everyone.

I’m very excited to share that I was recently featured in BuzzBuzz, where I discussed my unique approach to real estate. My journey began in recruitment, where I learned the importance of empathy, negotiation, and putting people first—skills that I’ve carried over into my Toronto-based real estate career. In the BuzzBuzz feature, I opened up about the challenges I faced in my previous career and how those experiences shaped me into the REALTOR® I am today. For me, real estate is not just about closing deals; it’s about being there for my clients, guiding them through one of the most important decisions of their lives. Beyond my work in real estate, I’m deeply committed to giving back to my community. One of my biggest dreams is to build schools in Afghanistan to support the education of young girls. This cause is incredibly important to me, and I’m excited to share this part of my journey with you. If you’re looking for a REALTOR® who puts your needs first, I’d love to help you achieve your real estate goals. You can read more about my story in BuzzBuzz on pages 48-49.