As we enter the Holiday Season, all is well on the real estate front. November’s record 7,385 sales through the first eleven months of 2015 brought the year to date total to 96,401, a new calendar year record for home sales, eclipsing the previous record set in 2007.
Demand for ownership fuelled by low interest rates, job opportunities and immigration, (foreign and domestic) and a limited supply of homes for sale and rent has put upward pressure on home prices. The average price of a home sold on the Toronto Real Estate Board has increased about 10% since January 2015.
It’s been a hectic year for me. Lack of inventory, multiple offers, and homes selling overnight have taken a toll on my clients…..and me as well! As you know, I am committed to my clients and always do my best for them. These high pressure times are not pleasant for any of us. However, as Rudyard Kipling wrote in his poem If,
If you can keep your head when all about you
Are losing theirs and blaming it on you
Yours is the Earth and everything that’s in it,
And—which is more—you’ll be a Man, my son!
So, I have kept my head, my sense of humour, helped my clients keep the right perspective, and assisted them in buying the homes of their dreams….. and had a great year!
Thank you all for your many referrals and your help in making 2015 a great year. I could not have done it without you!
All the best in the Holiday Season, Peace, Health and Happiness throughout 2016!
Your friend in Real Estate.
PS. I am working in December, so please do not hesitate to call if you or a friend have some Real Estate needs, I am here to help!
PS2. Here is TREB’s report for November 2015, if interested.