I hope this letter finds you in good spirits! I couldn’t wait to share some exciting news from the Greater Toronto Area (GTA) real estate market—because let’s be honest, what’s more thrilling than mortgage rates and home prices? (Okay, maybe a Leafs playoff run, but let’s stay realistic here.)
According to the latest Market Watch report from the Toronto Regional Real Estate Board (TRREB), January 2025 brought some promising signs for homebuyers. There were 3,847 actual home sales (not those fancy seasonally adjusted numbers), showing that buyers are jumping back in. Prices are stabilizing, and new listings are on the rise—finally, some balance in the market!
But here’s the real kicker: Mortgage rates just dropped! Thanks to falling Government of Canada bond yields, you can now lock in a 5-year fixed mortgage for under 4%. That’s right—less than 4%! If that’s not a sign to jump in, I don’t know what is.
And hey, if you’re worried about affordability, just be glad you’re not stuck paying Trump’s new tariffs on Canadian goods. Apparently, he’s fine with our lumber when it’s framing his golf courses but not when it’s heading across the border!
Jokes aside, if you’ve been thinking about buying, upgrading, or just curious about the market, now is a fantastic time. Let’s chat!
If you know of anyone thinking of buying or selling, please give me a call so that I can help them. This is a great time to get into the market and I want to give those people considering the benefit of my expertise. And as always, I appreciate your help in making my business successful.
Your Friend in Real Estate,
Jordan Glaser
Call me if you have any questions, I would love to chat!
416-560-4468