It's June, and Toronto is buzzing! Between Taste of Little Italy, farmers markets, Luminato, and Pride, there is an abundance of things to see and do! You’ll find my picks for what’s happening in the city below. I’m looking forward to catching a couple of this year’s summer ribfests, riding my bike along some of Toronto's many trails and watching the sunsets from the hill at Riverdale Park along Broadview.

In response to a robust economy and consumer spending, the Bank of Canada raised its overnight rate to 4.75%, which is the highest it's been since April, 2001. Whether this cools the market remains to be seen. Last month, sales across the GTA were up by 24.7% compared to May 2022, and new listings were down by 18.7%. This resulted in a tighter market for buyers, pushing prices up month-over-month. The biggest change can be seen in the average price of a detached home in Toronto, which was up by over $155K compared to April. At $1,913,132, it's only a hair under the prices being paid a year ago.

If you know someone who’s thinking about buying their first place, please forward this email to them. Below, you'll find my blog post with information about what they need to know - and the incentives available.

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,
SAGE Real Estate Ltd., Brokerage
416-483-8000
Toronto Events for June
From Pride Toronto and Canadian Music Week to the Toronto Outdoor Picture Show and the Jazz Festival, there is so much to see and do during the month of June. Welcome back, warm weather!
Toronto’s Go-To Spots for Epic Hand Rolls
Sushi is always in style here in Toronto. But it’s not just any sushi that diners are lined up for this spring: hand rolls are having their long overdue moment in the spotlight. Once reserved for only high-end sushi masters and omakase dining, now these rolls have become one of the most popular items on the sushi menu.
Buying Your First Place? Here’s What You Need to Know
Buying your first home is exciting, but it can also be very overwhelming. Where do you start and how do you even know what questions to ask? I’ve worked with enough first time buyers to know the questions they need answers to.
This is What Toronto Looked Like in the 1930s
The stock market crash of 1929 had profound effect on Torontonians and by 1933, the unemployment rate in the city was a whopping 30 per cent, and those that did have jobs saw their wages drop by as much as 60 per cent. Despite the financial climate, however, the decade did witness the construction of a number of major architectural landmarks.
High-Styled Studio on Charles!
#203 - 88 Charles Street East: $509,900
Waldorf Astoria Lofts! This residential conversion gives warm vibes of yesteryear...and “Suite 203” shakes that up!! Completely gutted to the studs and remodelled with the most exacting eye for detail, this gem is a rare find. An aesthetic found in only the finest boutique-hotels. Don’t miss the wall of custom built-ins providing jaw-dropping storage options including a Murphy bed. Steps to transit, restaurants, shops, Yorkville, the ROM, financial core and more. As if that’s not enough, there’s also parking included, making this stunning studio/pied-a-terre a must-have!
Toronto Real Estate Board Market News
The Greater Toronto Area housing market continued to improve from a sales perspective in May 2023. Unfortunately, the supply of homes for sale did not keep up with the demand for ownership housing. Sales as a share of new listings were up dramatically compared to a year ago. This is a clear signal that competition between buyers increased substantially compared to last year, resulting in the average selling price reaching almost $1.2 million last month.
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NOT INTENDED TO SOLICIT BUYERS/SELLERS ALREADY UNDER CONTRACT.