Market Trends
Mike’s Monthly Memo
A Coast-to-Coast Connection Recently, I had the pleasure of attending the annual Aventure Realty Network conference—this year hosted in Saskatoon, Saskatchewan. For those unfamiliar, Aventure is a national network of top-tier independent...
Real Estate Market Commentary
The Toronto Regional Real Estate Board (TRREB) has released the housing data for 2024. Looking back, it was a transitionary year for the Greater Toronto Area (GTA) real estate market, with the cost of borrowing remaining top of mind for buy...
Mike’s Monthly Memo
Happy New Year! As we kick off 2025, I hope everyone had a joyful and restful holiday season spent with family and friends. From all of us at Harvey Kalles Real Estate, I wish you and your loved ones the very best in good health and happines...
Mike’s Monthly Memo
A Year in Review As 2024 winds down, it’s clear this year has been one of adjustment for Toronto’s real estate sector. From interest rate shifts to changing immigration policies, each quarter offered its own unique dynamics. I find t...
Real Estate Market Commentary
October’s housing statistics have been published by the Toronto Regional Real Estate Board (TRREB). With 6,658 transactions reported through the local MLS, home sales were up a substantial 44.4% year-over-year, as buyers begin to take adv...
Mike’s Monthly Memo
“Be fearful when others are greedy, be greedy when others are fearful.” I never tire of this well-known quote by iconic investor and businessman, Warren Buffet. Our real estate market is never static, yet we’re often guilty of succumb...
Mike’s Monthly Memo
Today, the Bank of Canada announced a quarter of a percentage point reduction to its key interest rate, marking the first rate cut in more than four years. Of course, many economists had been speculating about this potential rate decrease. ...
Mike’s Monthly Memo
This April, the vacant home tax was a very hot topic in Ontario with cities like Hamilton and Sault Saint Marie adopting the measure to tackle local housing availability and affordability. But it was an especially sensitive subject in Tor...