January Real Estate Review

January Real Estate Review

  • Sotheby's International Realty Canada
  • 01/31/24

Hello 2024!
Ok, we opted out of a January winter real estate photo to give you a little rock 'n roll optimism for peace and prosperity in 2024. This photo of Bono is for sale at Sotheby's on-line Entertainment Memorabilia Auction that may inspire you to put in an offer.
Last January 2023, after 8 consecutive interest rate hikes, the Bank of Canada hit pause inspiring buyers to return to the market. The Toronto Regional Real Estate Board (TRREB) chart shows sales increased (as did prices) until May surpassing 2022 levels. Market resilience was astounding in the face of inflation, bank failures, environmental erosion, and war. By June though prices, in some neighbourhoods, began to fall and sellers moved to the sidelines. TRREB reported 65,982 sales in 2023, the lowest volume in over 20 years.
We begin January 2024 with good news that rates are holding steady and lower rates are on the horizon. "Lower mortgage rates coupled with a relatively resilient economy should see a rebound in home sales this year,” said new Toronto Regional Real Estate Board (TRREB) President Jennifer Pearce".
Every market presents opportunities. Slower markets equate to good buying opportunity. Although we have seen a small portion of new listings posting offer dates, due to the scarcity of options in some neighbourhoods, sale prices reflect rational negotiations. Sales are often conditional now on finance and home inspection with both parties working together for a win-win. Sounds good, right!
Homes that are professionally prepared for market and show well, our specialty, are selling. We chose the power of the Sotheby's brand with its well-oiled real estate marketing machine to help us put your home in the best possible light regardless of price point.
You deserve the highest return for your most valuable asset and we as professional realtors have the skill, style and negotiating fitness to help you achieve it in 2024. If you are thinking of buying or selling, let's get started.
We continue our Winter Coat Drive for homeless youth. If you have one to spare please contact us for pick up.
January's Real Estate Review includes:
  • TRREB Annual Sales Chart
  • Lawrence Park and Cabbagetown Detached Homes for Sale
  • Ritz Carlton and Iconic Waterfront Condo For Sale
  • Toronto Weekend Play Options
  • Sotheby's Entertainment Memorabilia On-Line Auction
  • DCT Coat Drive for Covenant House Homeless Youth
Wishing you a great start to the New Year!
Lisa Marie, Linda, Lori, and Cherry
New Listings for Sale


496 Fairlawn Ave, Toronto

Sq Ft.
Request A Private Showing


11 Bowman St, Toronto

Sq Ft.
Request A Private Showing


183 Wellington St W 2506, Toronto

Sq Ft.
Request A Private Showing


39 Queens Quay E 721, Toronto

Sq Ft.
Request A Private Showing
Helping Homeless Stay Warm
continues and we need your help.
Last year we delivered 100 coats, this year we are just past the half way mark of that goal with many cold months remaining. If you have a gently used winter coat, ideal for an 18 - 24 year-old youth, or know someone likely happy to create some closet space. email us to arrange pick up. Preferably cleaned-up ready to wear coats please.
We are very grateful for your time, care and generosity.
Something Sotheby's
Black and white photograph by Christopher Makos of Andy Warhol kissing John Lennon on the cheek, 1978.
Entertainment & Music Memorabilia
Sotheby's presents a wide range of entertainment and music memorabilia. Look here for rare vinyl and merchandise, plus historic documents and fascinating ephemera from iconic names in entertainment.
Toronto Play Time
DJ Skate Nights at the Brickworks
Toronto Boat Show Indoor Glow Lake
Winterlicious - Treat Yourself to a Fine Meal
Celebrating Design in Toronto at DesignTO
Wildlife Photographer of the Year exhibit at the ROM
Final Performance Tonight
National Ballet of Ukraine
The Doorey Chu Team has a vast network of relationships with local and international agents who can assist you with buying or selling your property worldwide. Sotheby's International Realty listings on the link below can help you view homes in multiple languages and currencies.
Whether we are marketing a $500,000 condo or a $5,000,000 home, the
Doorey Chu Team provides local and international marketing plus a professional report with your property results.
Call us for your confidential complimentary home appraisal.
1867 Yonge Street, Suite 100, Toronto, Ontario, M4S 1Y5
*Broker **Sales Representative
© 2023 Sotheby’s International Realty Canada, Brokerage. Independently Owned & Operated. All rights reserved. Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission. E&O.E: This information is from sources which is deemed reliable, but must be verified by prospective purchasers and may be subject to change or withdrawal. Not intended to solicit properties already under agreement.
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