MARCH 2023 MARKET REPORT

By: Delia Wang

MARCH 2023 MARKET REPORT

Tags: GTA, TORONTO

Welcome March and warmer weather! Will the warmer weather bring a warmer market? We hope this newsletter brings some clarity to the things you may have seen in the news. As always feel free to connect with me for any questions regarding the Real Estate Market and how you may be able to take advantage of it! What Trends Are We Seeing? The big numbers that you are seeing in articles relative to...Read More

Bank Of Canada Does Not View Vancouver or Toronto As A Housing Bubble - According To Latest Data

By: Delia Wang

Bank Of Canada Does Not View Vancouver or Toronto As A Housing Bubble - According To Latest Data

Tags: real estate, Toronto, Vancouver, delia wang

Canadian cities rank as some of the largest real estate bubbles globally, but Canada doesn’t see it that way. The Bank of Canada (BoC) House Price Exuberance Index Indicator (HPEI) ranks just two cities as exuberant in Q3 2021. Neither of those cities is Toronto or Vancouver, despite both ranking amongst the biggest real estate bubbles in the world.  House Price Exuberanc...Read More

By: Delia Wang

Long Term Weather Forecast - Looks Like Toronto Is Getting A Stormy Winter This Year

Tags: toronto, weather, real estate

The flip-floppy weather Toronto has seen in recent months is set to continue on through the winter, experts are predicting, with fluctuating climate patterns expected across the country over the course of December, January and February. On the heels of the tornadoes, severe thunderstorms, extreme heatwaves, random bouts of hail, hazy skies and poor air...Read More

Possible TTC Downgrade Is Getting Some People Worried

By: Delia Wang

Possible TTC Downgrade Is Getting Some People Worried

Tags: toronto, real estate, delia, dw realty

            Possible TTC Downgrade Is Getting Some People Worried   Ask someone from Toronto what annoys them the most about that city and it won't be long until some version of commuting makes its way onto that list. With the TTC recently announcing that some major service cuts would be coming, you can expect those complaints to get even louder...Read More

You Can Buy This Castle With The Same Average Price Of A Home In Toronto

By: Delia Wang

You Can Buy This Castle With The Same Average Price Of A Home In Toronto

Tags: real estate, toronto, delia wang

      It's no secret that living in Toronto is far more expensive than living in most other cities, but even the greatest critics probably never expected you'd be able to buy a castle elsewhere for less than homeownership costs in Ontario's capital. A recent listing on Zillow shows a literal castle for sale in the forestry of Rochester, Michigan listed for onl...Read More

There Are Only 3 Areas Under $2k Rent Remaining In Core Toronto

By: Delia Wang

There Are Only 3 Areas Under $2k Rent Remaining In Core Toronto

Tags: toronto, real estate, delia wang

To most Canadians, the thought of spending more than $2,000 per month on rent seems ludicrous. Anyone who lives in Toronto can attest to this in the form of snarky comments from out-of-town relatives who think we're "insane" for paying so much. We're not — but our city's real estate market is, especially since the pandemic hit and turned rent prices on t...Read More

THIS 3 MILLION HOME LOOKS A LOT LIKE A MOTEL

By: Delia Wang

THIS 3 MILLION HOME LOOKS A LOT LIKE A MOTEL

Tags: toronto, real estate, delia wamg

Backing onto the Addington Greenbelt and right next to Burnett Park is this fascinating multi-generational home.  The backyard.  Listed for $3,150,o00, 21 Wentworth Avenue is a five-bedroom, five-bathroom home that for some reason reminds me of a motel.  The basement family room.  I don't know if it's the balconies with the steel guardrails that span almost the en...Read More

Canada is Finally cracking down on spam calls

By: Delia Wang

Canada is Finally cracking down on spam calls

Tags: real estate, toronto, delia wang

Did you know that robocalls now account for approximately 25 percent of all phone calls made on mobile networks in Canada? That's one in four — one fraudulent call about how you've won a free cruise or need your HVAC system replaced immediately for every three "real" phone calls you might receive. But I wouldn't know this first-hand, as I stopped answering calls from ...Read More

Toronto's New Auto-Speed Cameras Are Super Effective, And Heres Where They Are

By: Delia Wang

Toronto's New Auto-Speed Cameras Are Super Effective, And Heres Where They Are

Tags: toronto, real estate, delia wang

Long gone are the days when only live, human police officers could issue speeding tickets in Toronto, where 50 rotating photo radar machines have been busting motorists for driving too fast in school zones since July of 2020. The city's Automated Speed Enforcement (ASE) system has proven incredibly effective from a quantitative standpoint: As of August 2021, a&nb...Read More

Ontario Provincial Government Is Creating A Task Force To Tackle Rising Housing Prices

By: Delia Wang

Ontario Provincial Government Is Creating A Task Force To Tackle Rising Housing Prices

Tags: real estate, toronto, delia wang, remax

    The Ford government is looking to create a housing affordability task force to address runaway home prices and a lack of supply fuelling the absolute craziness that is the Ontario housing market. Just released by the PC government, the 2021 Ontario Economic Outlook and Fiscal Review is packed full of pledges and promises and could be read as sort...Read More