The Market Today

2022 Summer Solstice Update

The bank rate increases have certainly had a cooling effect on the housing market. We are seeing fewer frenzied bidding wars and some homes sitting on the market for a while longer.

Buyers are sitting back waiting to see how the next bank rate hike will affect the market.

More available inventory has provided buyers with more choice. This is a good time to buy.

This is the more balanced market that frustrated buyers have longed for, yet they are reluctant to make the move, perhaps because they fear that they will not be able to sell their current home at an acceptable price.

The key is for everyone to have realistic goals and make educated choices. A balanced market means just that - equal opportunity for everyone. Buyers will be less likely to overpay for a home and sellers will learn to accept current market value for their home. It’s a win win.

Real estate is key to a vibrant economy. Not only are jobs created when new homes and condos are built, but spending ripples throughout the entire home buying process. Painters, contractors, stagers and photographers are employed to prepare and sell properties.  Also, homeowners traditionally spend money on new furnishings, minor fixes or larger renovations. This continuing cycle drives the housing market’s overall impact on the economy.

The Takeaway

Buyers have more choice and more time to get pre-approved for a mortgage to know exactly what they can afford and more time for home inspections to know what they are purchasing.

Home prices, although down from the February 2022 peak, are still on average higher than this time last year. Sellers can still get a good fair price for their home when it is priced correctly and presented in good shape to discerning buyers.

Housing is still one of the best investments you will ever make!

Please contact us for more information about market trends.

Free Home Evaluations and Staging Consultations are available.

Nancy 416-985-1486

Dave 416-894-4079



We love this Bloor West/Swansea home for all of the right reasons. You cannot beat the location steps from Bloor street shops, bakeries, bistros and the Jane subway stop. 

This 4 bedroom, 4 bathroom home is approximately 10 years new with nearly 3700 square feet of luxury living space. Large windows overlooking both front and back gardens allow natural sunlight to flow throughout the open concept main floor layout. The chef’s kitchen opens into the family room and back gardens which makes it easy to supervise young children. 
Bloor West Village is an amazing community to call home. Explore our neighbourhood guide to discover more about this fun and unique area of Toronto here
It’s rare to find a home in Swansea Village boasting 4 large bedrooms with a main floor powder room and office. The lavish primary bedroom boasts a spa-like ensuite, large walk-in closet, reading and make-up areas, a Juliet balcony, large windows and loads of natural sunlight. 
The large 37.5 x 110 lot boasts an oversized garage which could potentially be converted to a Garden Suite for family members, long-term valued guests or tenants for extra income.
90 Mayfield Avenue, Toronto, ON. 
Listed by: Nancy Pierce, Salesperson, RE/MAX PROFESSIONALS INC.
Call Nancy at 416-236-1241 for details!