June 2023 Newsletter

Thursday Jun 01st, 2023


June in Bloom! In this edition: Real Estate Market Report, Just Listed!, Staging Secrets On A Shoe String Budget (Sat June 10th at 10:30 AM At Revera Glynnwood In Thornhill, Past Events & Announcements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          



June in Bloom!
In this edition:
  • Real Estate Market Report
  • Just Listed!
  • Staging Secrets On A Shoe String Budget (Sat June 10th at 10:30 AM At Revera Glynnwood In Thornhill
  • Past Events & Announcements




From the Toronto Regional Real Estate Board:

The Greater Toronto Area (GTA) housing market continued to tighten in April 2023. On a year-over-year basis, sales edged lower compared to April 2022, but new listings were down by more than one-third. Fewer listings relative to sales meant there was more competition between buyers, supporting an improvement in selling prices since the beginning of this year.

“In line with TRREB’s outlook and recent consumer polling results, we are seeing a gradual improvement in sales and average selling price. Many buyers have come to terms with higher borrowing costs and are taking advantage of lower selling prices compared to this time last year. The issue moving forward will not be the demand for ownership housing, but rather the ability to meet this demand with adequate supply. This is a policy issue that requires sustained effort from all levels of government,” said TRREB President Paul Baron.

The MLS® Home Price Index (HPI) Composite Benchmark was down by 12.1 per cent year-over-year in April 2023. Compared to March, the benchmark price was up on an actual and seasonally adjusted basis. The average selling price in the GTA was $1,153,269 in April 2023 – down 7.8 per cent compared to $1,250,704 in April 2022. The average selling price also increased compared to March, both on an actual and seasonally adjusted basis.

“As demand for ownership housing has picked up relative to supply, we are seeing renewed upward pressure on home prices. For a short period of time, higher borrowing costs trumped the impact of the constrained housing supply in the GTA. Renewed competition between buyers is once again shining the spotlight on the persistent lack of listings and resulting impact on affordability,” said TRREB Chief Market Analyst Jason Mercer.



Sometimes the numbers do not tell the whole story. When homeowners see double-digit declines in the number of sales they may not realize that this actually works in their favour. The number of sales has dropped because there aren’t enough listings to satisfy the demand by buyers.

Also, there are still price declines when looking at the year-over-year statistics, but again this is misleading. For four straight months, prices have been steadily rising. In fact, they are up an average of 11% from the start of 2023! And compared to the top of the market (say, February 2022) prices have regained all losses except between 3 - 8%. 

So if you are still believing that you missed out on selling last year, I can reassure you of a few facts that can be proven with the statistics:

  1. The average home in York Region sold for 110% of listing price - signaling that bidding wars among buyers are pushing prices ever higher. 

  2. The average time on market is 10 days - again an indication that the dominant pricing strategy is to hold back on accepting offers about a week after a listing hits the market. 

  3. If you sell and then buy a smaller home or a condo you will still have a substantial nest egg left for retirement. 

Check out the numbers for yourself:

  • Sell your detached house in the 905 > Buy a semi-detached = $353,659 added to “Retirement Freedom Fund”

  • Sell your detached house in the 905 > Buy a townhouse = $503,137 netted for investment

  • Sell your detached house in the 905 > Buy a condo apartment = $765,140 to retire on! (By the way, at a conservative 6% return on investment would generate more than $45K to fund your lifestyle!)

Are you wondering how your neighbourhood is faring in the current market? Click on the buttons below to see market statistics by property type for your community.
Richmond Hill


The market statistics are only relevant and useful if you know how they apply to you. Contact me by clicking the button below, and I will provide you with an up-to-date report on your home’s real time market value. I look at a combination of:

  • Recent comparable property listings and sales;

  • Regional and community market conditions;

  • Forecasted price trends for properties just like yours.


    This is always without cost or obligation. Simply click the link below, and I’ll get started!

Click to request your PROPERTY EVALUATION
SMART Seller Success Stories
412-33 Weldrick Rd E, Richmond Hill
Listed For: $599,000
Sold For:$750,000
This beautiful 2-bedroom, 2 bath upgraded condo apartment in the coveted “Observatory 2” building garnered a lot of attention, both online and in person. Not surprising! Our team made sure it sparkled with professional cleaning and staging, and then sent our photographer to capture all the shots - including drone photography and 3D* walkthrough floor plans - that would attract buyers. Over 50 showings later, 13 offers, and we were able to negotiate a sale price that far exceeded the seller’s expectations. I love when a plan works out! What a privilege to help these lovely clients move on to the next phase of their lives.
*Want to see the walkthrough technology we use? Click this block
25-11 Plaisance Rd, Richmond Hill
Listed For: $729,000
Sold For: $858,000 In 5 Days!

Perhaps you’ve heard the term, “bully offer.” It refers to when a buyer submits an offer before the assigned date. Before we even list the property, I ask my clients for their instructions about dealing with bully, or preemptive, offers when there is an offer date. This lovely client told me that only offers above a certain threshold would be considered. And when this offer came in, I knew they’d want to work with it. That launched a flurry of activity to contact everyone who had expressed interest in the property - all agents, all open house visitors, and even online leads. Even with a short window of opportunity I was able to get other agents to submit offers, creating competition for the property. The seller was understandably thrilled with the outcome!

Just Listed: 308-7811 Yonge St, Thornhill


2 bedroom, 2 washroom, in-suite laundry and storage, includes 1 parking space.

Maintenance is all-inclusive of utilities, building amenities, parking

Listed For: $629,000
Own in Thornhill for less than rent! Coveted "Summit" building. Light & Bright with SW exposure, this is the perfect opportunity for First-time Buyers or Investors. Ready for your personal updates, but immaculate with amazing potential. This unique layout gives plenty of room to stretch out in the combined Living Room & Dining Room, a spacious Kitchen with lots of cupboard & counter space and a Breakfast Bar, and a Primary Bedroom is bigger than most downtown condos! It boasts a 2-pc ensuite and its own walk-in closet. There's an actual Laundry room (not just a cupboard), and a funky Second Bedroom that would make an excellent work-from-home space. The square footage, layout and LOCATION make this a worthwhile investment for the savvy Buyer. Low property taxes and all-inclusive maintenance covers all utilities plus building amenities. A very well-managed Condo Corp with a healthy Reserve Fund. Smoke-free Building. No dogs allowed. Set back from Yonge and Quiet. Includes parking.Extras:Nicely Upgraded Common Areas: Lobby, Hallways And Elevators. On-Site Property Management. Nice Variety Of Amenities, Including Outdoor Pool, Billiards Room, A Well-Equipped Gym, Meeting Room, Party Room With Kitchen, Visitor Parking.
Upcoming Events

Staging Secrets on a Shoestring Budget 

Saturday June 10th at 10:30 am

Revera Glynnwood in Thornhill


Staging your property for sale results in a higher sale price and a quicker sale. Learn Do-it-Yourself tips and tricks from the pros. Make your home more appealing to buyers AND save money! Find out my "Top Ten Things You Must Do Before Listing Your Home." Guidebook included.

Our in-person workshop will cover:

  • What is staging and why is it important to home sellers?

  • How does staging increase home sale prices?

  • What free or low-cost changes can homeowners do themselves?

  • Client case studies with plenty of "before and after" pictures.

Bring your questions. Bring a friend. This 90-minute workshop will inspire, inform and entertain without any sales pitch or cost. 

Click This Buttom To Register
Spring Shredding Event
Save the date: Our next Community Shredding Event will be Saturday, October 14th. Mark your calendars!
Spring Fling Contest Winners



A huge thank you to everyone who took the time to leave us a review on Facebook or Google. We are so grateful for our clients, past and present! Here are the winners of the May contest. 


Grand Prize: Date Night Dinner, Movie, Gas: NJ from Vaughan

Amazon $50 Gift Card: PM from Toronto

Home Depot $25 Gift Card: MR & CR from Newmarket.


Thank you for your support by leaving us reviews

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