Welcome to my February email newsletter!

This January certainly was a busy month for Toronto real estate. Sales were up by over 15% compared to last January while the number of listings was down considerably. Not surprisingly, since inventory is at such low levels, this resulted in prices going up significantly. The average price for a detached home was up by 16.7%, while the average price for a condo was up by 15% year-over-year!! You'll find full market news and predictions for 2020 below.

With the market conditions we have currently, it's always best to be thoughtful and strategic when buying or selling. Rest assured our real estate market is healthy and as long as inventory and borrowing rates remain low and buyer demand remains at current levels, there's plenty of growth yet to come. Of course, there is always the undercurrent of fear that our market growth is unsustainable and sadly, none of us have a crystal ball to predict the future. So, as with any large purchase, it is wise to think with a "long-term mindset". Be as confident as you can with your finances and your long-term goals so that if there is a change in the market, you'll be able to ride out the lows should they appear.

In other news, the renovation I've been doing at my Radio City condo is finally complete - scroll down for a blog about the trials and tribulations of that project! If you're considering your own reno this year, reach out if you have questions...as well, below is a piece from "Livabl" featuring the top kitchen renovations.

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
Toronto Events for February
Just because we're in the middle of winter, doesn't mean there aren't plenty of events to enjoy! You'll definitely want to check out the Bloor-Yorkville Ice Festival, which takes place on February 8 & 9. Have some home improvement plans this year? Don't miss the GTA Home Show, running from February 14-17. And, who can say no to mac and cheese on a cold winter day? The Mac and Cheese Festival is on February 14-16!
5 unmissable fusion style restaurants in Toronto
Sometimes unexpected combinations can be the most delicious. We’re diving deep into those dishes that you never could have imagined, and exploring some of the best fusion restaurants in Toronto.
10 of the most popular kitchen upgrades among remodeling homeowners
The 2020 Houzz Kitchen Trends Study sheds some light on the most-coveted kitchen remodeling projects.
Brian's Blog: Radio City Renovation Update
After almost 6 weeks the renovation at my Radio City condo is almost complete! By the time you’re reading this, it should actually be done. As you’ll see from the photos, the end result looks great, but there were some of the unexpected challenges.
For Lease: Location, Location, Location
#709 - 90 Stadium Road: $2,025/month
Take in the amazing city skyline and lake views from this well laid out and spacious one bedroom suite with locker. Freshly painted and ready for immediate occupancy. Open concept living/dining area with modern kitchen and plenty of storage. Over-sized bedroom with deep closet organized with shelving and drawers. Ideal for walkers and sports enthusiasts. Easy access to the lake, trails, transit, King and Queen west, Rogers Centre, CN Tower and more!
Toronto Real Estate Board Market News
TREB President Michael Collins announced that Greater Toronto Area REALTORS® reported 4,581 home sales through TREB’s MLS® System in January 2020 – up by 15.4 per cent compared to January 2019. On a preliminary seasonally adjusted basis, sales were up by 4.8 per cent compared to December 2019.
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