Whether you find time to unwind in your garden, on a dock, patio, or golf course, we hope you are enjoying this hot, hot summer. Linda and Cherry paired up for the Sotheby's International Realty Annual Golf Tournament and took home a prize! We tested Chat GPT to write a blog post about their big win. We'd enjoy hearing what you think about it!
On the stats front, the Three Year Comparison chart below shows June sales continued to outpace 2022 levels. TRREB reported 7481 home sales, up 16.5% year-over-year but down 17% from the 9,012 sales reported in May.
Year-over-year, detached home sales activity increased 9.2% in June with the average price up 2.6%. Comparatively, condo sales increased 24.1% with a slight average price decline of .0.2% .
With the Bank of Canada's lending rate now at 5%, the highest since 2008, the market is still moving albeit at a slower stream than we've seen in June.
We work alongside professionals in the mortgage, legal, renovation, decluttering, staging, and landscaping fields. If you are considering moving, planning is key. We can send you our Home Buyer and /or Seller Guides to help you get started, simply contact us.
This month's newsletter offers a little summer playfulness, possibly some popcorn, plus:
Toronto Real Estate June Statistics
Selection of Sotheby's Current Listings
Real Escapism: Barbie Malibu Home on AirBnB
5 Garden Upgrades to Enhance Your Property Value
20 Best Annuals for Full Sun
Chance to win 2 Cineplex VIP tickets
Linda, Lisa Marie, Lori and Cherry