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 happiness.

With 2024 now in the books, we can look forward to new beginnings and I’m optimistic for what lies ahead. Already, we’re seeing signs of economic stability that will benefit the real estate market. Inflation came in at 1.9% for November, a number that many economists consider a sweet spot. This should pave the way for further interest rate cuts at the next Bank of Canada announcement scheduled for January 29th. Lower rates would not only ease borrowing costs but also inject greater confidence into the housing market.

January also brings a noteworthy change for homeowners looking to enhance their properties. Beginning January 15th, a new mortgage refinancing program will allow homeowners to borrow up to 90% of their property’s “as improved” value, with a cap of $2 million to fund renovations that include adding rental units. This initiative not only creates opportunities to generate additional income, but also helps add supply to Toronto’s rental housing pool. If you’re considering such a renovation, this program may be the right opportunity. Speak with your financial advisor or a trusted mortgage broker for details.

At Harvey Kalles Real Estate, we’re thrilled about our One-Day-Only Caribbean Developer Showcase, taking place on January 25th. We’ll be hosting nine exceptional developers from Antigua, the Bahamas, Barbados, the Cayman Islands, and Turks & Caicos at our head office. This will provide our clients with a unique experience to explore the dream of island living without stepping outside Toronto. Whether you’re considering a vacation home, an investment property, or a permanent move, this event will provide great insight into life in the Caribbean.

Spaces are limited, so be sure to speak with your Harvey Kalles sales representative to secure your spot on the guest list. Opportunities like this don’t come around often, and we’re excited to help you turn your island dreams into reality.

The first quarter of 2025 will also see Harvey Kalles Real Estate participating in the Leading Real Estate Companies of the World Annual Conference. This global network of 550 independent real estate brokerages spans over 80 countries, and we’re proud to be a part of it, representing the Greater Toronto Area. 

Last year, we were honoured to take home four sales and marketing awards, including the prestigious title of Most Innovative Brokerage. These accolades highlight the strength of our global reach and the exceptional service our sales team provides. So, if you’re considering purchasing property outside of Toronto, make your first call to a Harvey Kalles agent. Our global connections make it easier than ever to navigate international markets with confidence.

Closer to home, we are equally excited about the two boutique condominium developments we are selling. Both are well under construction, making this the ideal time to book a private tour:

• The Rhodes: Located in the heart of Forest Hill, this 25-unit boutique luxury building, with its signature black door is progressing beautifully. Occupancies are expected this spring, making The Rhodes an ideal choice for those seeking a new build with a short closing timeline and impeccable design. No detail has been overlooked. If you’re in the market for a family sized, high-spec home, with ample outdoor space in one of Toronto’s most desirable neighbourhoods, contact your Harvey Kalles agent to schedule a private tour.

 

• The Davisville: Situated on Yonge Street, south of Eglinton, The Davisville is a 12-storey boutique building by the renowned Rockport Group. This historic developer is known for their exceptional quality and thoughtful designs, and The Davisville promises to be a stunning addition to midtown. With sophisticated style, generous outdoor spaces, and quality amenities, The Davisville is well under construction. Be sure to visit our sales centre for a private appointment and explore what this remarkable development has to offer.

As we turn the page to a new year, I’m filled with optimism about what 2025 has in store. From local developments like The Rhodes and The Davisville, to international opportunities like our Caribbean Showcase, and legislative changes that make home improvement more accessible, there is so much to look forward to.

Thank you for your continued trust in Harvey Kalles Real Estate. Here’s to the year ahead, and as always, if you have any questions, I encourage you to speak with myself or a member of the sales team. We have been in business since 1957 and can expertly guide you through any real estate market environment.