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Jill’s Market Update - July 2024

Here's your monthly update on the Toronto housing market. According to the latest data from the Toronto Regional Real Estate Board (TRREB), home sales in the Greater Toronto Area (GTA) saw a dip in June 2024 compared to the same month last year. Despite a rate cut from the Bank of Canada at the start of June, many buyers have decided to wait before making a purchase. As a result, the market remained well-supplied, leading to a slight decrease in the average selling price compared to June 2023

Key Highlights:

  • Sales: GTA REALTORS® reported 6,213 home sales in June 2024, marking a 16.4% decline from the 7,429 sales recorded in June 2023.

  • New Listings: There were 17,964 new listings added to the MLS® System, showing a 12.3% increase year-over-year.

  • Prices: The MLS® Home Price Index Composite benchmark dropped by 4.6% compared to June 2023. The average selling price for June 2024 was $1,162,167, down 1.6% from $1,181,002 in June 2023. However, both the MLS® HPI Composite and the average selling price saw an increase compared to May 2024 on a seasonally adjusted basis.

Insights: The Bank of Canada's rate cut last month offered some relief for homeowners and buyers however multiple rate cuts may be necessary before we see a significant increase in home purchases as affordability in the GTA remains an issue for many buyers.

With the surge in listings since the early Spring, the real estate market is experiencing a significant transformation from a Seller's Market to more balanced conditions, with some areas leaning towards a Buyer's Market. The Greater Toronto Area market is particularly noteworthy for its abundant supply, providing buyers with a diverse selection and increased negotiation power.

As interest rates fall and sales activity picks up pace, the ample inventory levels are set to stabilize any abrupt increases in selling prices. Stay informed about the evolving market trends and feel free to reach out if you have any questions about the current market dynamics!

Next Bank of Canada Rate Announcement: July 24, 2024

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I have sold a property at 35 North Bayou RD in Kawartha Lakes

I have sold a property at 35 North Bayou RD in Kawartha Lakes on Jul 10, 2024. See details here

Gorgeous custom bungalow on a quiet street backing onto a forest is just a short stroll away from Sturgeon Lake and beach access. Boasting 1853 s.f., this home includes a modern open concept design creating a seamless flow between the kitchen, dining and living areas and three spacious bedrooms, featuring a large principal suite with a luxurious ensuite, walk-in closet and a convenient walk-out to the deck. The chef style kitchen offers a large centre island, quartz counters, stainless appliances, soft closing drawers and a custom backsplash. Offering hdwd floors throughout, pot lights, upgraded trim, rounded drywall corners and 6" baseboards this home is move in ready. Superior construction t/o including ICF foundation, 14" engineered floor joists, engineered foundation, EcoFlo Septic System & an oversized insulated garage - this solid home is a step above the rest! Located minutes to Bobcaygeon or Fenelon Falls with the OFSC snowmobile trails and boat launch only steps away.

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I have sold a property at 12 Evelyn Buck LANE in Aurora

I have sold a property at 12 Evelyn Buck LANE in Aurora on Jul 11, 2024. See details here

**BEAUTIFULLY UPDATED END UNIT TOWNHOUSE IN AURORA** This stunning home nestled in a desirable neighbourhood offers spacious rooms, an open concept main floor and an elegant decor throughout. The interior boasts beautiful hardwood floors throughout both levels, complemented by hardwood stairs with stylish wrought iron pickets. The modern kitchen features glossy white cabinets, quartz counters and high-end stainless steel appliances, perfect for preparing gourmet meals and entertaining guests. The main bathroom and ensuite have been beautifully updated. The luxurious ensuite is a standout with double sinks and an oversized frameless glass shower, providing a spa-like experience. The main floor offers a spacious layout, including a convenient laundry room and a walk-out to the expansive backyard. A finished basement features a Recreation Room & Office + lots of storage. The well treed backyard is a private oasis with a maintenance-free deck and a hot tub, perfect for relaxing and entertaining. Situated in a peaceful neighbourhood with top-rated schools nearby, this home is ideal for families. Walking distance to shops, restaurants, parks, walking trails and only minutes to the GO Train, and Highway 404. This home has been updated and maintained over the years and offers high-quality finishes throughout, ensuring a luxurious living experience. Enjoy the vibrant community of Aurora, known for its excellent amenities and friendly atmosphere.

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Open House. Open House on Sunday, July 14, 2024 2:00 PM - 4:00 PM

Please visit our Open House at 35 North Bayou RD in Kawartha Lakes. See details here

Open House on Sunday, July 14, 2024 2:00 PM - 4:00 PM

Gorgeous custom bungalow on a quiet street backing onto a forest is just a short stroll away from Sturgeon Lake and beach access. Boasting 1853 s.f., this home includes a modern open concept design creating a seamless flow between the kitchen, dining and living areas and three spacious bedrooms, featuring a large principal suite with a luxurious ensuite, walk-in closet and a convenient walk-out to the deck. The chef style kitchen offers a large centre island, quartz counters, stainless appliances, soft closing drawers and a custom backsplash. Offering hdwd floors throughout, pot lights, upgraded trim, rounded drywall corners and 6" baseboards this home is move in ready. Superior construction t/o including ICF foundation, 14" engineered floor joists, engineered foundation, EcoFlo Septic System & an oversized insulated garage - this solid home is a step above the rest! Located minutes to Bobcaygeon or Fenelon Falls with the OFSC snowmobile trails and boat launch only steps away.

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Open House. Open House on Sunday, July 7, 2024 2:00 PM - 4:00 PM

Please visit our Open House at 12 Evelyn Buck LANE in Aurora. See details here

Open House on Sunday, July 7, 2024 2:00 PM - 4:00 PM

**BEAUTIFULLY UPDATED END UNIT TOWNHOUSE IN AURORA** This stunning home nestled in a desirable neighbourhood offers spacious rooms, an open concept main floor and an elegant decor throughout. The interior boasts beautiful hardwood floors throughout both levels, complemented by hardwood stairs with stylish wrought iron pickets. The modern kitchen features glossy white cabinets, quartz counters and high-end stainless steel appliances, perfect for preparing gourmet meals and entertaining guests. The main bathroom and ensuite have been beautifully updated. The luxurious ensuite is a standout with double sinks and an oversized frameless glass shower, providing a spa-like experience. The main floor offers a spacious layout, including a convenient laundry room and a walk-out to the expansive backyard. A finished basement features a Recreation Room & Office + lots of storage. The well treed backyard is a private oasis with a maintenance-free deck and a hot tub, perfect for relaxing and entertaining. Situated in a peaceful neighbourhood with top-rated schools nearby, this home is ideal for families. Walking distance to shops, restaurants, parks, walking trails and only minutes to the GO Train, and Highway 404. This home has been updated and maintained over the years and offers high-quality finishes throughout, ensuring a luxurious living experience. Enjoy the vibrant community of Aurora, known for its excellent amenities and friendly atmosphere.

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Open House. Open House on Saturday, July 6, 2024 2:00 PM - 4:00 PM

Please visit our Open House at 148 Stickwood CRT in Newmarket. See details here

Open House on Saturday, July 6, 2024 2:00 PM - 4:00 PM

**EXQUISITE FULLY RENOVATED HOME BACKING ONTO GREENSPACE** Desirable location walking distance to historic downtown Newmarket, Restaurants & Shops! This stunning property, sits on a 1/4 acre beautifully landscaped lot, backing onto protected green-space for ultimate privacy. Offering over 2,500 sq. ft. of luxurious living space, this home has been updated from top to bottom and offers an open concept main floor with 9' ceilings, 3 spacious bedrooms and 4 elegant bathrooms. The custom kitchen is a chefs delight, boasting high-end appliances granite counters and custom cabinetry. Enjoy the warmth of hardwood floors throughout and a finished basement with oversized windows, a large rec room, office and a 3-piece bath. Step outside to the expansive maintenance free deck with sunny westerly views overlooking the serene green-space, perfect for sunset watching and outdoor entertaining. Too many updates to list - see feature sheet attached for more details. Walking distance to parks, trails, schools, hospitals, farmer's market and so much more. Don't miss out on this rare gem!

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New property listed in Bayview Wellington, Aurora

I have listed a new property at 12 Evelyn Buck LANE in Aurora. See details here

**BEAUTIFULLY UPDATED END UNIT TOWNHOUSE IN AURORA** This stunning home nestled in a desirable neighbourhood offers spacious rooms, an open concept main floor and an elegant decor throughout. The interior boasts beautiful hardwood floors throughout both levels, complemented by hardwood stairs with stylish wrought iron pickets. The modern kitchen features glossy white cabinets, quartz counters and high-end stainless steel appliances, perfect for preparing gourmet meals and entertaining guests. The main bathroom and ensuite have been beautifully updated. The luxurious ensuite is a standout with double sinks and an oversized frameless glass shower, providing a spa-like experience. The main floor offers a spacious layout, including a convenient laundry room and a walk-out to the expansive backyard. A finished basement features a Recreation Room & Office + lots of storage. The well treed backyard is a private oasis with a maintenance-free deck and a hot tub, perfect for relaxing and entertaining. Situated in a peaceful neighbourhood with top-rated schools nearby, this home is ideal for families. Walking distance to shops, restaurants, parks, walking trails and only minutes to the GO Train, and Highway 404. This home has been updated and maintained over the years and offers high-quality finishes throughout, ensuring a luxurious living experience. Enjoy the vibrant community of Aurora, known for its excellent amenities and friendly atmosphere.

Read

Open House. Open House on Saturday, June 29, 2024 2:00 PM - 4:00 PM

Please visit our Open House at 12 Evelyn Buck LANE in Aurora. See details here

Open House on Saturday, June 29, 2024 2:00 PM - 4:00 PM

**BEAUTIFULLY UPDATED END UNIT TOWNHOUSE IN AURORA** This stunning home nestled in a desirable neighbourhood offers spacious rooms, an open concept main floor and an elegant decor throughout. The interior boasts beautiful hardwood floors throughout both levels, complemented by hardwood stairs with stylish wrought iron pickets. The modern kitchen features glossy white cabinets, quartz counters and high-end stainless steel appliances, perfect for preparing gourmet meals and entertaining guests. The main bathroom and ensuite have been beautifully updated. The luxurious ensuite is a standout with double sinks and an oversized frameless glass shower, providing a spa-like experience. The main floor offers a spacious layout, including a convenient laundry room and a walk-out to the expansive backyard. A finished basement features a Recreation Room & Office + lots of storage. The well treed backyard is a private oasis with a maintenance-free deck and a hot tub, perfect for relaxing and entertaining. Situated in a peaceful neighbourhood with top-rated schools nearby, this home is ideal for families. Walking distance to shops, restaurants, parks, walking trails and only minutes to the GO Train, and Highway 404. This home has been updated and maintained over the years and offers high-quality finishes throughout, ensuring a luxurious living experience. Enjoy the vibrant community of Aurora, known for its excellent amenities and friendly atmosphere.

Read

Open House. Open House on Sunday, June 30, 2024 2:00 PM - 4:00 PM

Please visit our Open House at 12 Evelyn Buck LANE in Aurora. See details here

Open House on Sunday, June 30, 2024 2:00 PM - 4:00 PM

**BEAUTIFULLY UPDATED END UNIT TOWNHOUSE IN AURORA** This stunning home nestled in a desirable neighbourhood offers spacious rooms, an open concept main floor and an elegant decor throughout. The interior boasts beautiful hardwood floors throughout both levels, complemented by hardwood stairs with stylish wrought iron pickets. The modern kitchen features glossy white cabinets, quartz counters and high-end stainless steel appliances, perfect for preparing gourmet meals and entertaining guests. The main bathroom and ensuite have been beautifully updated. The luxurious ensuite is a standout with double sinks and an oversized frameless glass shower, providing a spa-like experience. The main floor offers a spacious layout, including a convenient laundry room and a walk-out to the expansive backyard. A finished basement features a Recreation Room & Office + lots of storage. The well treed backyard is a private oasis with a maintenance-free deck and a hot tub, perfect for relaxing and entertaining. Situated in a peaceful neighbourhood with top-rated schools nearby, this home is ideal for families. Walking distance to shops, restaurants, parks, walking trails and only minutes to the GO Train, and Highway 404. This home has been updated and maintained over the years and offers high-quality finishes throughout, ensuring a luxurious living experience. Enjoy the vibrant community of Aurora, known for its excellent amenities and friendly atmosphere.

Read

Open House. Open House on Sunday, June 30, 2024 2:00 PM - 4:00 PM

Please visit our Open House at 148 Stickwood CRT in Newmarket. See details here

Open House on Sunday, June 30, 2024 2:00 PM - 4:00 PM

**EXQUISITE FULLY RENOVATED HOME BACKING ONTO GREENSPACE** Desirable location walking distance to historic downtown Newmarket, Restaurants & Shops! This stunning property, sits on a 1/4 acre beautifully landscaped lot, backing onto protected green-space for ultimate privacy. Offering over 2,500 sq. ft. of luxurious living space, this home has been updated from top to bottom and offers an open concept main floor with 9' ceilings, 3 spacious bedrooms and 4 elegant bathrooms. The custom kitchen is a chefs delight, boasting high-end appliances granite counters and custom cabinetry. Enjoy the warmth of hardwood floors throughout and a finished basement with oversized windows, a large rec room, office and a 3-piece bath. Step outside to the expansive maintenance free deck with sunny westerly views overlooking the serene green-space, perfect for sunset watching and outdoor entertaining. Too many updates to list - see feature sheet attached for more details. Walking distance to parks, trails, schools, hospitals, farmer's market and so much more. Don't miss out on this rare gem!

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New property listed in Gorham-College Manor, Newmarket

I have listed a new property at 148 Stickwood CRT in Newmarket. See details here

**EXQUISITE FULLY RENOVATED HOME BACKING ONTO GREENSPACE** Desirable location walking distance to historic downtown Newmarket, Restaurants & Shops! This stunning property, sits on a 1/4 acre beautifully landscaped lot, backing onto protected green-space for ultimate privacy. Offering over 2,500 sq. ft. of luxurious living space, this home has been updated from top to bottom and offers an open concept main floor with 9' ceilings, 3 spacious bedrooms and 4 elegant bathrooms. The custom kitchen is a chefs delight, boasting high-end appliances granite counters and custom cabinetry. Enjoy the warmth of hardwood floors throughout and a finished basement with oversized windows, a large rec room, office and a 3-piece bath. Step outside to the expansive maintenance free deck with sunny westerly views overlooking the serene green-space, perfect for sunset watching and outdoor entertaining. Too many updates to list - see feature sheet attached for more details. Walking distance to parks, trails, schools, hospitals, farmer's market and so much more. Don't miss out on this rare gem!

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Open House. Open House on Saturday, June 22, 2024 2:00 PM - 4:00 PM

Please visit our Open House at 148 Stickwood CRT in Newmarket. See details here

Open House on Saturday, June 22, 2024 2:00 PM - 4:00 PM

**EXQUISITE FULLY RENOVATED HOME BACKING ONTO GREENSPACE** Desirable location walking distance to historic downtown Newmarket, Restaurants & Shops! This stunning property, sits on a 1/4 acre beautifully landscaped lot, backing onto protected green-space for ultimate privacy. Offering over 2,500 sq. ft. of luxurious living space, this home has been updated from top to bottom and offers an open concept main floor with 9' ceilings, 3 spacious bedrooms and 4 elegant bathrooms. The custom kitchen is a chefs delight, boasting high-end appliances granite counters and custom cabinetry. Enjoy the warmth of hardwood floors throughout and a finished basement with oversized windows, a large rec room, office and a 3-piece bath. Step outside to the expansive maintenance free deck with sunny westerly views overlooking the serene green-space, perfect for sunset watching and outdoor entertaining. Too many updates to list - see feature sheet attached for more details. Walking distance to parks, trails, schools, hospitals, farmer's market and so much more. Don't miss out on this rare gem!

Read