Welcome to my March newsletter!

If you're looking at the real estate numbers from February, you'd think they were off the charts! However, here's some context: sales in February 2019 hit a 10 year low, which is why you'll hear about detached home sales being up by 54% (64% in the 905!). Add to the mix changes to the Mortgage Stress Test and an interest rate reduction from the Bank of Canada, it's going to be an interesting spring. For my in depth take on what's happening in the market, check out my latest blog below.

On the lighter side of life, if you're tired of your usual cocktail, have a look at some of the city's more unusual options for fancy drinks below, along with some terrific events happening this month.

As always, I thank you for your past and future business...and any referrals of friends or family you may have are greatly appreciated!

Check out  www.be-at-home.com  for exciting real estate opportunities! 

Brian Elder
Sales Representative,
Royal LePage Real Estate Services Ltd. 
416 921 1112
10 of the worst home decor trends that ruled the 2010s
More than 1,500 Americans were recently surveyed to pinpoint the most-loathed home decor trends of the 2010s. Find out if you’re guilty of committing any of these pervasive decorating sins!
7 of the craziest, most creative cocktail bars in Toronto
Are you sick of the same old 3 bars you’ve been cycling through? Well, maybe it’s time to think about sipping some creative cocktails in Toronto. Here's a list of the most creative cocktail bars in the city. None of these places can be considered boring- they’re pushing the limits and forgetting vodka cran ever even existed.
Toronto Events for March!
Spring is just around the corner and that means our calendars are once again filling up! The Toronto Sketch Comedy Festival is on until March 15th and on March 7 & 8, you won't want to miss Toronto's 186th Anniversary celebration! Get some great ideas for your garden at Canada Blooms - on from March 13-22 and of course who can forget The One of a Kind Show, a true Toronto tradition, which runs from March 25-29?
The Toronto Real Estate Market in 2020: Intense
Intense is the word I would use to describe Toronto’s real estate market so far this year. Inventory levels are low, so demand has amped up. And while there are likely going to be more listings hitting the market when spring arrives, the recent announcement that rules for the mortgage stress test are being revised may not make things any easier. It’s hard to say where the market is going to go – the more inventory, the less heated it will be, but not if there are additional buyers!
Toronto Real Estate Board Market News
Greater Toronto Area REALTORS® reported 7,256 residential transactions through TRREB’s MLS® System in February 2020, representing a 45.6 per cent increase compared to a 10-year sales low in February 2019. However, February 2020 sales were still below the 2017 record result. Year-over-year sales growth, for the GTA as a whole, was strongest for ground-oriented home types.
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