Joanne DeBartolo

04/05/2026

Wishing my family and friends a Very Happy Easter and hope that you enjoy your day 🐣 🙏💗

09/24/2024

I certainly know who my only friend will be but here goes nothing. Because this means a lot to me personally. I'm going to make a bet, that out of my friends less than 4 will take the time to put this on their wall to help raise awareness of Mental Health (PTSD, depression, anxiety, and other mental health diagnoses) difficulties.
Reply with done.💔💚

11/29/2022

Magical Night ~ Venice 🇮🇹

11/03/2022

OUT NOW! New GTA Listings Down While the Average Selling Price Levels Off 🏠.

Access TRREB’s latest Report for October market insights, statements from TRREB experts, and MORE!

Find the full report HERE ➡️ 🔗https://bit.ly/3NwXM8w ⬅️

TORONTO, ONTARIO, November 3, 2022 – Despite the continued housing market transition to a higher borrowing cost environment, the average selling price in the Greater Toronto Area (GTA) found some support near $1.1 millionRead More...

10/26/2022

By Annie Sarne, Keller Williams

Today at 10am the Bank of Canada is announcing the new interest rate hike. I'm bringing it to your attention because it's happening and I want you to be prepared 📝

Let's call a spade a spade and say yes, this is scary. This is uncomfortable and for the majority of the population it is becoming harder and harder to make ends meet ♠

So how can we turn this negative into a positive if you are in a variable rate mortgage and your budget is feeling tight? ➕

1️⃣ Stress test your budget - If you can't afford higher monthly payments speak to your lender about possibly locking in a rate you can afford.

2️⃣ Look for savings in your budget - Try and find ways to cut back on certain non-essential spending

3️⃣ Consider consolidating your debts - the idea behind this is that rolling all of your debts into one monthly payment can potentially allow you to lock in a lower interest rate and pay off your debt at a faster rate

4️⃣ Find a way to earn more money - Multiple revenue streams seems to be the name of the game these days whether that's a side hustle or a part-time gig. Either that or ask for a promotion or discuss a raise that's inline with inflation.

Again, this is all scary and uncomfortable to talk about but I hope the above helps to give you some ideas to relieve the fear. I work with some great mortgage brokers who can help to further relieve the anxiety

09/12/2022

Market Watch

While higher borrowing costs have impacted home purchase decisions, existing homeowners nearing mortgage renewal are also facing higher costs. There is room for the federal government to provide for greater housing affordability for existing homeowners by removing the stress test when existing mortgages are switched to a new lender, allowing for greater competition in the mortgage market. Further, allowing for longer amortization periods on mortgage renewals would assist current homeowners in an inflationary environment where everyday costs have risen dramatically, said TRREB President Kevin Crigger.

There are other issues beyond borrowing costs impacting housing affordability in the Greater Golden Horseshoe. The ability to bring on more supply is the longer-term challenge. However, we are moving in the right direction on this front. The strong mayor proposal from the province coupled with the recent commitment from Toronto Mayor John Tory to expand ownership and rental housing options are examples of this.

- 5,627 sales in August 2022, down by 34.2% per cent compared to August 2021.
- Average selling price for all home types combined was up by 0.9 per cent to $1,079,500.
- 10,537 homes listed in August 2022, down by 0.7% per cent from August 2021.

03/04/2022

Toronto Real Estate Board

Although it was the second busiest February on record for home sales, there were 16.8 per cent fewer transactions compared to last year’s record-setting month — an even greater decline than the continuing drop of house and apartment listings, the Toronto Regional Real Estate Board (TRREB) reported on Thursday.
But real estate board president Kevin Crigger acknowledged that the change in sales activity would have been imperceptible to consumers as competition among home buyers continued to push prices to record levels in many areas. Toronto’s average price is now over $2 million for a detached single family home.

11/04/2021

News Releases

Near Record Home Sales, Low Inventory Sustain Strong Price Growth

News Releases 03 November 2021
Home sales in the Greater Toronto Area (GTA) reached the second-highest level on record for the month of October. However, the inventory of homes for sale did not keep up with demand. The number of new listings was down by approximately one-third compared to October 2020. Market conditions tightened across all major home types compared to last year, and the annual rate of average price growth remained in the double digits, including for the resurgent condominium apartment segment.

05/13/2021

https://financialpost-com.cdn.ampproject.org/c/s/financialpost.com/executive/posthaste-rural-rush-the-real-housing-bubble-is-in-ontarios-cottage-country/wcm/04feddc3-659e-4096-b37a-26e825927fdf/amp/

Breadcrumb Trail Links Executive Summary Executive Posthaste: Rural rush — the real housing bubble is in Ontario’s cottage country Rest-and-recreation destinations may give sleepless nights to those who were late to the market Author of the article: Yadullah Hussain Publishing date: May 03, 2021...

05/13/2021

Toronto Real Estate Board

TORONTO, ONTARIO, May 5, 2021 – Home sales in the Greater Toronto Area (GTA) set a new record for April and amounted to more than quadruple that from April 2020 – the first full month of the pandemic. Bucking the regular seasonal trend, April 2021 sales actually declined month-over-month. A similar trend was noted for the number of new listings reported.
GTA REALTORS® reported 13,663 sales through TRREB’s MLS® System in April 2021 – a 12.7 per cent decrease compared to March 2021, but more than quadruple the number of sales reported in April 2020, when the economic impact of COVID-19 was arguably the worst. Compared to the ten-year sales average of 10,000 for the April 2010 to April 2019 period, the April 2021 sales result was up by 36.6 per cent.
New listings followed a similar track – down by 8.4 per cent compared to March 2021, but more than triple the number of new listings reported in April 2020. Compared to the ten-year new listings average for the April 2010 to April 2019 period, the April 2021 new listings count was up by 18.3 per cent.
“While sales remained very strong last month, many REALTORS® noted a marked slowing in both the number of transactions and the number of new listings. It makes sense that we had a pullback in market activity compared to March. We’ve experienced a torrid pace of home sales since the summer of 2020 while seeing little in the way of population growth. We may be starting to exhaust the pool of potential buyers within the existing GTA population. Over the long term, sustained growth in sales requires sustained growth in population,” said TRREB President Lisa Patel.
The MLS® Home Price Index Composite benchmark was up by 17.8 per cent year-over-year. The Composite benchmark also increased on a monthly basis, but the pace of monthly growth decelerated. The average selling price of $1,090,992 was up by 33 per cent compared to April 2020, but was basically flat relative to March 2021. This was in contrast to most years in the past when the average selling price increased between March and April.
“Despite a modest slowing in market activity in April compared to March, selling prices for all major home types remained very high. Low borrowing costs during COVID-19 clearly had an impact on the demand for and price of ownership housing. While the pace of price growth could moderate in the coming months, home prices will likely continue on the upward trend. Renewed population growth over the next year coupled with a persistent lack of new inventory will underpin home price appreciation.

04/08/2021

TORONTO REAL EATATE BOARD
NEWS RELEASE

CONSUMER CONFIDENCE AND LOW INTEREST RATES DRIVE UP HOMES SALES IN GTA
TORONTO, ONTARIO, April 6, 2021

For the third straight month of 2021, record home sales continued in March across the Greater Toronto Area (GTA) with buyers taking advantage of favourable borrowing costs and continued improvement in many sectors of the economy.
GTA REALTORS® reported 15,652 sales in March 2021 – close to double that of March 2020. While sales were strong, it is important to remember that for the second half of March 2021, we are comparing against the initial impact of COVID-19 in the second half of March 2020 when sales activity dropped off dramatically. With this in mind, it is important to consider annual sales growth for the pre-COVID period (March 1 to 14, 2020) and the COVID period (March 15 to 31, 2020):
• There were 6,504 sales reported during the first 14 days of March 2021 – up 41 per cent compared to the pre-COVID period in March 2020.
• There were 9,148 sales reported between March 15 and March 31, 2021, an increase of 174 per cent compared to the COVID period of March 2020. This is a stark reminder of the initial impact COVID-19 had on the housing market and overall economy a year ago.
“Confidence in economic recovery coupled with low borrowing costs supported a record pace of home sales last month. While the robust market activity is indicative of widespread consumer optimism, it is also shedding light on the sustained lack of inventory in the GTA housing market, with implications for affordability,” said TRREB President Lisa Patel.
For March 2021 as a whole, new listings were up 57 per cent year-over-year to 22,709. While representing a strong year-over-year increase, the annual growth rate for new listings was well-below that of sales.
"With sales growth outstripping listings growth by a large margin, including in the condo market segment, competition between buyers in some market segments and the potential for double-digit price growth could continue without a meaningful increase in the supply of homes available for sale. This will become more apparent as population growth resumes over the next year,” stressed TRREB Chief Market Analyst Jason Mercer.
The MLS® Home Price Index Composite Benchmark for March 2021 was up by 16.5 per cent compared to March 2020. The average selling price at $1,097,565 was up by 21.6 per cent over the same period. Following the recent trend, low-rise home sales in regions surrounding the City of Toronto drove price growth.
“The current state of the market has reinvigorated discussions about potential demand-side policy interventions. Policies focussed on demand, such as a capital gains tax on primary residences, can have a short-term impact, but can also be fraught with unintended consequences like further stifling the supply of listings. The federal minister responsible for the housing portfolio has said his government will not entertain such a policy option, which is the right decision. We have been saying for too long now that policymakers must focus on the long-term goal of increasing housing supply in order to accommodate current and future demand,” said TRREB CEO John DiMichele.