Essential Analytics - January 2024

The Toronto Regional Real Estate Board recently published its market report for January 2024 statistics. Let's take a closer look at some of the key metrics and our expert takeaways you need to know about:


Newsletter - Winter 2024

Navigating Transparency: Trust in Real Estate ServicesAct (TRESA) and Competing Offers; What Buyers and Sellers Need to Know:



In any real estate transaction, trust is a fundamental aspect of the relationship between the parties involved. Trust is built on transparency, honesty and effective communication. Buyers and sellers need to have confidence in the real estate professionals guiding them through the process. This trust is essential for a successful and smooth transaction.

The Real Estate Council of Ontario (RECO) has developed a revised “Working with a Real Estate Agent” information guide book that we, as agents, are required to walk through, those who are considering our services or assistance, before providing any services or assistance.

The content to the RECO Information Guide in intended to help buyers and sellers make informed decisions.

Here is what is inside:

Working with a Real Estate Agent

Know the Risks of Representing Yourself

Signing a Contract with a Real Estate Brokerage

Understanding Multiple Representation

How to Make a Complaint

Self-Representation in Real Estate:

This is not a new concept. Some individuals choose to represent themselves in real estate transactions which does require knowledge and expertise to navigate any transactions. While this is a valid choice for some, there are significant risks involved which may involve:

Limited Market Access: Real estate agents have access to extensive data bases and networks, enabling us to reach a broader audience for both buyers and sellers.

Property Information: As a benefit to clients, prudent real estate agents often research zoning, permitted property use, parking availability, building permits etc.

Determining Property Value: Real estate agents have an in-depth knowledge of the market, helping buyers and sellers make informed decisions about pricing, property value and market trends.

Negotiating Offers: Real estate agents are trained in negotiating and can assist in getting the best terms for their clients and help navigate competing offer situations.

Preparing Documents: Real estate transactions require a significant amount of paperwork and legal intricacies which real estate agents prepare and help buyers and sellers decide which terms to include to represent their best interests in an offer or agreement of purchase and sale.

The complexities involved make working with a qualified real estate agent a prudent choice for many as a reliable agent can offer expertise and peace of mind throughout the process.

Please click hyperlink to view the RECO Information Guide.


Essential Analytics - December 2023

The Toronto Regional Real Estate Board recently published its market report for December 2023 stats. Let's take a closer look at some of the key metrics and our expert takeaways you need to know about:


Essential Analytics - November 2023

The Toronto Regional Real Estate Board has recently published its market report for November 2023. Let's take a closer look at some of the key metrics and our expert takeaways you need to know about:


Essential Analytics - October 2023

The Toronto Regional Real Estate Board has recently published its market report for October 2023. Let's take a closer look at some of the key metrics and our expert takeaways you need to know about:


Essential Analytics - September 2023

The Toronto Regional Real Estate Board has recently published its market report for September 2023. Let's take a closer look at some of the key metrics and our expert takeaways you need to know about:


Summer Market Reflections

We hope that everyone is enjoying a safe and happy summer!

As we soak up the remaining days of summer here are our real estate reflections:

In February 2022, the Bank of Canada, in response to inflation, began raising the bank rate from less than 1% to the current 5%. This interest rate hike spiked fear in the minds of many buyers who retreated to the side-lines in the Spring of 2022. As the buyer market softened, sellers who did not adjust their expectations were dismayed that they had missed the frenzied peak market prices. Some chose not sell and some sold for very reduced prices.

That said, we’ve seen some strong activity in certain pockets this past Spring. Bloor West was hot with new listings attracting multiple offers while other areas struggled. Why was this? Proximity to the subway? Price point? Style of home? It was an interesting phenomenon because, if higher interest rates had sent buyers to the side-lines, why were they buying in certain pockets and not others? It’s difficult to say for sure; however, this is where our market knowledge benefits both buyers and sellers. We helped both buyers and sellers achieve their real estate goals by knowing where to look for buying opportunities and knowing how to successfully prepare and market our seller’s homes.

Cottage country real estate has also experienced a change in activity. Buyer competition has cooled dramatically since the pandemic when people were fleeing the city for larger “work from home” spaces. We helped happy clients purchase their dream country farms and waterfront cottages and condos during that time. At the moment cottage country prices have softened and there are good opportunities for buyers seeking recreational properties to buy now during the slower summer market. As local realtors in cottage country, we can help you find the perfect getaway property for your family to enjoy for years to come as well as being a great investment.

So, what’s ahead? There are mixed messages. The signals from the Bank of Canada indicate that, although stubborn inflation is still present, they may not increase interest rates anytime soon; however, there is no guarantee if the economy doesn’t cool itself. The war in Ukraine is still a factor that drives prices, particularly prices associated with food and petroleum products. And, at home in the GTA, there is an unsatisfied demand for housing, particularly affordable housing, which continues to be fuelled by aggressive immigration policies. It’s truly hard to imagine that house prices will not continue to rise over time as the GTA market has historically proven, regardless of occasional downturns.

The only thing we know for sure is that real estate is not an exact science. Every home is unique as is every client who has a unique set of circumstances and the market is continually recalibrating. Dave and I do not have a crystal ball (well, we actually do but, we cannot read the future with it). However, we do watch the market closely and pivot quickly to adapt and advise our clients appropriately in real time.

As Fall approaches, we anticipate an increase in market activity. If you are considering a move this Fall, please give us a call to chat about your real estate objectives. We have recently helped other clients achieve their real estate goals and we would be happy to assist you as well. Please take a moment to review our sales and what our clients are saying about us.

The Fall Home Show at the Enercare Centre is happening September 29 - October 1, 2023. Please reach out if you would like two tickets to the show. 



The process of selling our 30+ year family home could not have been better managed than in the caring hands of Nancy and Dave. 

Kudos for their efforts in the dead of winter to effectively market and sell our property in a short period of time. 

The transition to condo living began with the discovery of a unique property that fit all of our needs. With Nancy and Dave’s expert sleuthing and quick action we were able to purchase this jewel in record time!

We can’t say enough about their tenacity, empathy and professionalism at all times. It was easy to hand them the reigns with confidence.

Thank you Nancy and Dave!

 B & J Sutherland | Mississauga

This year we purchased our first home with the help of Nancy and Dave and we couldn’t be more happy with their services! They were patient, knowledgeable, and extremely diligent in making sure we found a place that met our needs and budget. We really lucked out and they got us an amazing deal on a place that far exceeded our expectations. Thanks to them we are now living in our wonderful new home and have appreciated their support throughout the entire process.

Rhian & Adam | The Kingsway


Essential Analytics - August 2023

The Toronto Regional Real Estate Board has recently published its market report for August 2023. Let's take a closer look at some of the key metrics and our expert takeaways you need to know about:


Our Summer Property Crush

We ❤️to find our buyers unique opportunities and collaborate with fellow colleagues to showcase fantastic listings that often exceed all expectations.

This Huntsville retreat is a show stopper - a balcony in the woods - a bridge and a house - nestled on a 5.3 acre wooded lot hovering over a seasonal ravine.

The 38 meter long structure faces Mary Lake and boasts 310 feet of shoreline. The home’s floor to ceiling glazed walkouts are the gateway to the natural landscape. I personally love the clever ‘peek-a-boo’ ground level windows connecting you to the environment.

The fabulous great room combines living, dining, cooking and entertaining.

4 bedrooms and 2 bathrooms.

Minimalism Maximized.
Simply Stunning.

Call Nancy @416-985-1486 or Dave @416-894-4079 to book your private tour.

Listed by Trevor Maxwell Bond

Bosley Real Estate Ltd, Brokerage


Essential Analytics - July 2023

The Toronto Regional Real Estate Board has recently published its market report for July 2023. Let's take a closer look at some of the key metrics and our expert takeaways you need to know about:


The Importance of a Status Certificate

A typical Agreement of Purchase and Sale of a condominium should include a provision that the offer be conditional upon the review of the status certificate by the buyer’s lawyer. 

The status certificate should never be overlooked - even during competitive bidding where buyers feel the pressure to bid with “clean offers” with no conditions. The buyer’s sales representative can inquire if the status has been ordered and if so, obtain a copy for the buyer to give to their lawyer for a “pre-offer review” - usually for a nominal fee. 

A status certificate is a document that contains vital information about a condo corporation’s financial and legal health including the budget, common expenses, any legal proceedings, insurance status, pending major repairs or maintenance issues and the reserve fund.

Certificates also allow prospective buyers to learn about the rules such as whether pets are allowed - which is often a very important factor for many of our pet owner clients!

Things that are of immediate interest in the certificate are confirmation that the maintenance fees for the specific unit have been paid up to date, that there are no pending Special Assessments, and that there are no pending orders to reverse unauthorized modifications made to the unit by the current owner.  Regarding the latter, some Corporations require a walk-through to check for unauthorized modifications.  If such are found, it is the responsibility of the titled owner to reverse the changes.  Some certificates may indicate where changes have been approved, while others may not and it is up to the buyer to satisfy themselves in this respect.

An important factor to potential buyers is the amount of money that the Corporation has in its Reserve Fund to deal with anticipated repairs and improvements.  Reserve Fund studies are mandated to be conducted every 3 years and it is important the certificate is up to date in this respect.  The budget addresses current maintenance and capital improvements and the anticipated impact on maintenance fees in future years.  Another important factor is whether the Corporation is involved in any legal actions that could impact the financial position of the Corporation and result in increased fees and assessments.

Many older condos do not have separate hydro billing capability and maintenance fees may cover all utility costs.  Beyond hydro, maintenance fees often include heat, A/C and water and parking.  However; sometimes utilities are metered separately, particularly in townhouse condos. It is important to know whether parking and lockers associated with the unit are owned or assigned.  If they are assigned, it precludes the ability of the owner to sell a parking space.  Owned parking spaces and lockers are indicated individually on title.

Hydro utility costs can often be confusing.  For example, a unit may have heat and A/C included in the maintenance costs, but not hydro.  Buyers often miss the fact that although the condo provides heating and cooling, the unit’s HVAC fan(s) distribute the heat/cool, and the electricity used by the fan(s) is part of the units separate metered services, along with lighting, appliances, TVs, computers, etc.

Some things may not be well defined in the certificate and require additional research, such as the distribution of responsibilities for windows, HVAC, and hot water tanks repair and replacement.  Some Corporations will maintain and change HVAC filters, but it the system requires replacement, it is the unit owner’s responsibility.  Townhome owners are often faced with additional considerations, such as snow removal and who is responsible for clearing driveways and walkways.  Common elements may include exclusive outdoor areas and it is important to note if the owner can modify those areas; installing fencing, plantings, decks, etc.  Some condos are very restrictive in this regard.

Rules and regulations are important for things such as whether bbq’s are allowed on balconies, and as mentioned earlier, pets.  Many owners don’t realize that the Corporation has the ability to order removal of a troublesome animal.  Some condos may have lifestyle restrictions, such as no smoking on condo property and an absolute ban on marijuana.  Some condos with limited visitor parking may restrict the number of monthly visitor passes.

If a buyer is considering renting out their unit they may find restrictions on the number of units that can be leased at a given time and are likely to find that Airbnb’s (short term rentals) are not permitted at all.  Rules may require Board approval of a renter and there is often a rule that precludes the renter from subletting the lease.

It is important for a potential buyer to read all of the rules carefully in order to make an informed condo buying decision.

For more information, please contact us directly.

Nancy 416-985-1486

Dave   416-894-4079