Social Media Leads

Dear Friend,


9,989 listings sold through TREB's MLS® System in May 2019, a substantial increase of 18.9 % over May 2018. Prices also increased bringing the year to date average price to $805,098, up 3.6 % since the start of the year. The year-over-year increase in sales activity reflects polling results that indicated that more home buyers in the Greater Toronto Area were likely to purchase in 2019 vs last year.

Home ownership demand remains strong in the GTA. Immigration both international and domestic are at a strong pace fueled by the regional economy that continues to create jobs across a diversity of sectors. The building of new housing units, both for rent and for purchase has been unable to keep up to demand resulting in higher rental rates and higher prices for homes. Unfortunately there is no end in sight. The only hope is for government to loosen the red tape for building permits and allow builders to create more living units to relieve the strain of no inventory.

Despite the fact that prices have risen sharply in the GTA over the last 10 years, there is still a great opportunity for investment and in purchasing or upgrading your home. Increased rental rates make owning a rental property a great business opportunity that I would love to share and explore with you. If you are considering purchasing a more expensive home or moving closer into the city, I can think of no better time than now.


Give me a call, let’s talk, I would love to put my experience and knowledge to work for you.


Have a great June!


You friend in Real Estate.


PS: I am never too busy for your referrals!

Sam Wadhwa - Broker of Record

Neelam Wadhwa  - Sales Representative

Social Media Leads

Dear Friend,


As the comedian said, “There’s good news and there’s bad news”.

the good news

There was a huge year over year jump in home sales in April, up 16.8 % to 9,042 compared to 7,744 in April 2018, with a significant 1.9 %  price increase.  Price growth continued to be driven by the condominium apartment segment which is up 5% since the start of the year, followed by semi-detached homes up 2.1%. Despite the 2% mortgage stress test, detached and luxury homes are selling, and as of the end of April, 1,433 homes sold over $1,500,000 with 593 in excess of $2,000,000. Last year, experts were concerned that mortgage rates would increase, it appears that those concerns were unfounded as longer term borrowing costs have trended lower this year and appears will continue for the rest of the year.

The bad news

Listings are down by 1% from the same time last year. Lack of inventory,

demand and the resulting bidding wars and increasing prices are the result. Household formations and immigration are running ahead of home construction and the reality is that Toronto is in and will continue to experience a continuous scarcity of inventory. This scarcity will cause prices to continually rise ahead of household incomes, causing affordability to be under pressure and will push both purchasers and renters outside of the GTA. This will not be their first choice but a choice created by necessity.

More good news….maybe.


In response to the tight market, the provincial government announced in April their Housing Supply Action Plan to reduce red tape and improve the mix of housing types, in an effort to increase housing inventory. While the ideas are long overdue, announcing and implementing are two different things. As I have been pointing out for the last 10 years, Toronto has to build and complete 110 new condominium towers EVERY YEAR just to meet new demand, and that has not been happening.

It’s an opportune time to invest in real estate. Either in rental properties or in trading up your personal home. Great opportunities exist today in both. Please give me a call to discuss if you are interested, I would love to help you secure your and your family’s future.


Have a great May!


Your Friend in Real Estate

Sam Wadhwa Broker of Record

Neelam Wadhwa Sales Representative


Market Update

Dear Friend,

Toronto Real Estate Board members reported 7,187 residential sales through TREB’s MLS

System in March 2019, almost the same amount as the 7,188 sales reported in March 2018.

While the number of sales remain the same, the number of new listings, homes available for

sale, was down by 5.1 % year-over-year. This lack of inventory has created a shortage of homes

available for sale, resulting in multiple offers and a price increase of an average of 5% since

January of this year.


Unquestionably, there seems to be a concern about the marketplace and for the life of me I

cannot fathom why. Interest rates remain low and with the lowering of the Bank of Canada yield

rates, may drop further. Immigration and foreign investment continues as does the strong

economy. New condominium towers continue to be completed and many new starts are under

construction, but immigration and demand continues to swallow up available units. The vacancy

rent is still at 0%, resulting in increased rental rates. A modest 500 sq. ft. downtown condominium

unit now rents for $2200 - $2400 per month, with parking spaces renting for $125-$250 per


I truly believed the market is poised to take off again, with only the stress test holding back buyers

who want to buy more expensive properties. New construction towers represent great rental and

investment opportunities, and should be considered.


If you are thinking about upgrading your home or buying an investment property, or know of a

friend who is, give me a call. Prices in 2019 are already up 5%. Fortune favours the bold. You

don’t have to buy, but at least let’s talk. Let me put my experience and expertise to work for you.


Have a great month

Your Friend In Real estate.


Sam Wadhwa Broker Of Record

Neelam Wadhwa Sales Representative

March, 2019

Dear Friend,

No real surprises in the market, approximately the same number of sales as last February, 5,025, with approximately the same number of listings, 13,284, which is less than 3 listings for every sale, making it an overall “sellers” market as buyers have few choices when purchasing a home.

While this is an average number, the reality is that homes over $1,000,000 are experiencing a balanced or even a buyer’s market depending on location. A balanced market is where there are 4-6 homes available for every sale and a buyer’s market is where there are over 6 homes available for every sale.

This dichotomy has been brought about by the government’s mandated mortgage stress test which has left some buyers on the sidelines who have struggled to qualify for the type of home they want to buy. The good news is that  government long term bonds are now offering lower returns, an indication that interest rates may drop in 2019.

There is “feeling” and “reality”. The average “feeling” is that the market is bad and no one is buying homes. That impression has been brought about the media who is always sensationalizing to sell advertising. The “reality” is that over 9,000 homes sold in the first 2 months of the year, despite awful winter conditions, an indication of peoples willingness and desire to own their own home. In February almost 1,200 homes sold over $1,000,000 with 165 selling over $2,000,000. There is a market and an opportunity!

As the old saying goes, “he who hesitates is lost.” There are great opportunities in this market, and I believe those who are purchasing now will be the winners as prices are bound to increase as they always have.

Give me a call, lets chat. When prices increase, the more expensive homes go up more, so this market is a great time to upgrade your home!

Have a great month,


Your friend in real estate


If you have a friend thinking of buying or selling, please put us in touch, I will take extra good care of them!
Sam Wadhwa
Broker of Record
Neelam Wadhwa
Sales Representative

February, 2019

Dear Friend,

Despite the harsh January weather, Toronto Realtors sold 4009 homes through the Toronto Real Estate Board MLS system, slightly more than the same period last year. This bodes well for a very active market in 2019.

While the average selling price was up by 1.7 % on a year-over-year basis, it really does not represent what is happening in the marketplace, as not all housing sectors are experiencing the same effects. Condominium apartments continue to lead the way in terms of price growth and demand, while luxury homes in some areas are experiencing a downward trend due to the number of homes available for sale.

Without a doubt the changes in mortgage qualifications have created tighter market conditions in homes and communities under a million dollars as well as condominium apartments. Sales in other sectors have become sluggish but really represent a good opportunity for those buyers who are looking to upgrade. Overall I expect prices to increase moderately 3% to 5% in 2019 but primarily in the above mentioned sectors.

Today’s market has some great opportunities for investment and upgrade potential but with so many different market sectors and conditions, it’s really important to have a full full-time real estate agent like myself consulting to you so you can make the best possible decision your family and your future.

If you have any questions about the market, please give me a call, no obligation. I will  be happy to help and give you the benefit of my expertise.


Have a great month,


Your Friend in Real Estate.


Sam Wadhwa Broker of Record

Neelam Wadhwa Sales Representative


November, 2018

Dear Friend,

Experts predicted that October 2018 would have fewer sales and more homes available for sale than October 2017. It came as a surprise when the opposite occurred!  The 7,492 homes sold by Toronto Real estate Board members was 6% more than October 2017, and prices increased by 3.5% year over year. 14,431 homes were listed on the MLS system, down 2.7 % compared to October 2017. The fact that sales were up and new listings were down suggests that market conditions have become tighter. With more sales and fewer homes for sale over the last 5 months, listing supply remains an issue in the Greater Toronto Area.

For the month of October, homes sold on average within 24 days and a list to sale ratio of 99%. BUT… that’s an average, for all types of properties in all areas in the GTA. In Vaughan it was 96% in 32 days, and in Durham, 98% in 24 days. In other areas it was always within 5% of the asking price in approximately 3 weeks. It’s obvious, that the market is very sensitive to price and if a home is not sold within 3 weeks, actions have to be taken, either to improve the property, the marketing or the price.

This is the market that a full time agent, a company that spend money on marketing, an overwhelming web presence, world wide access to buyers, services and staff makes a huge difference! Despite what some agents say, the agent and the company is the difference between selling and not selling.


This market will continue into 2019. It is truly the best time to buy and sell! Give me a call, let me prove to you why.


Have a great November,


Your Friend in Real Estate.


P.S. I am never too busy for your referrals.


October 2018

Dear Friend,

6,455 homes sold through Toronto’s Real Estate Board MLS® System in September 2018 – up 1.9 per cent compared to September 2017. The average selling price for September 2018 also increased by 2.9 per cent over the same period to $796,786.

The Toronto market continues to be very fragmented in terms of supply and demand with some areas experiencing a Sellers’ market with more demand than supply and other areas experiencing either a Balanced or Buyers’ market.

While higher borrowing costs and tougher mortgage qualification rules have kept sales levels off the record pace set in 2016, many households remain positive about home ownership as a quality long-term investment.

Without a doubt, the GTA population will continue to grow and expand. The new Cannabis laws will create more jobs and attract tourists as it has done for Amsterdam all of these years. The real challenge in the housing market will be supply rather than demand and that will continue to make real estate a great investment.

As the following chart illustrates, the real estate market is different depending on style and location of the property.

                                Sales & Average Price By Major Home Type 1.7

                                September 2018


Average Price













Condo Apartment































Year-Over-Year Per Cent Change




Condo Apartment

4.6 %


10.6 %























If you are considering buying, or know of someone who is, please give me a call, even just to bounce some ideas off of me. This type of market requires a full time, experienced professional in your corner, someone like me!

Have a great October,


 Your Friend in Real Estate

September 2018

Dear Friend,

Another good month for sales in Toronto, as Toronto Real Estate Board members sold 6,8379 homes, 8.5% more than last August with the average price also being up 4.7% over the same month last year.

With only 21/2 months of homes in inventory in Toronto, by definition, it would appear to be a sellers’ market. It is in many areas, with well-priced homes selling quickly. In other areas, with inventory being at 5-7 months, it’s a buyers’ market.

Today with free access to information, consumers are more aware of market value than ever before. Homes offered for more than 5% over market value are not getting showings or offers. The proof of it is that so far in 2018, homes sold for 98% of listed price in 21 days.

I expect activity to pick up a little as we enter the Fall market, with prices staying relatively stable. A stable market is the best market to buy and sell in!

No one knows for sure what next year will bring, but I expect house prices to increase. The economy continues to be great, low interest rates, high desire for home ownership exists and more immigration into Canada continues.

If you are considering buying or know someone who is, give me a call. Let me put my experience to work for you. I know the good areas, property values, investment opportunities and will help you stickhandle the process to protect your interests.


Give me a call, let’s chat.


Have a great month,



Your Friend in Real Estate.



PS. I am never too busy for your referrals!

August 2018

Dear Friend,

Ontario might be suffering from a shortage of rain, but there was certainly no drought of buyers when it came to home sales in Toronto.

July saw almost 7,000 transactions, up 18% over last July and prices rose 4.6% July 2018 over July 2017 and the average price now stands at $788,822.

At Realtron, our sales were up 19% and we sold 941 homes from our inventory of 1543.

You are probably wondering where the discrepancy is. Some real estate agents believe the market is slow, while others, like myself, are saying the market is good. What’s going on?

Without being facetious, it has to do with company and experience. Those agents who are complaining have never experienced a normal, balanced real estate market. A balanced market is where there is a good supply of homes for a buyer to choose from (4-6 for every sale) and prices are relatively stable, selling at or close to market value. The statistics show that so far this year, the average home in Toronto sold for 99% of asking price within 21 days. In York region its 96% in 31 days and in Durham its 98% in 24 days. So as you can see, a home when priced according to market value, that’s properly marketed and promoted, should sell within 30 days.

Company also makes a big difference. Re/Max is huge in marketing, getting over 2,000,000 hits a month on our .ca website alone, not counting our RE/Max global website which is available in 48 different languages. That’s the kind of marketing power you need today to get a home sold.

So if the agent you are talking to says the market is bad or slow, get a second opinion.

A balanced market is the best time to buy and sell, as prices are stable and you are not under time pressure to buy.  Condominiums also are still a great buy and easy to rent due to the low vacancy rate.

If you have any questions, or know of someone thinking of buying or selling, please let me know, I would love to help.


Have a great August,


Your Friend in Real Estate

July, 2018

Dear Friend,

The Toronto Real Estate Board reported 8,082 home sales through TREB’s MLS® System in June 2018 – up 2.4% over the June 2017 result.

The average selling price in June edged up by 2% on a year-over-year basis to $807,871. While this is an interesting statistic, it does not reflect the reality of the market. The average price reflects the price of homes that have been selling. Because of the tightening of the mortgage rules those homes have generally been under $1,000,000 with 35% of them being condominiums, either apartments or townhouses, selling at an average price of about $575,000. These less expensive homes impact the “average selling price”.

The other misleading statistics are that the average sales price which was 99% of the asking price with the house selling in 21 days. These statistics are misleading because it has become the custom in the industry to cancel a listing that is not selling and to relist it at a new price. So in reality a property may have had their price adjusted several times before it finally sold and the averages are from the final listing and not from when the house was first placed for sale.

One fact that is undeniable is that if a property is on the market and hasn’t sold in 3 weeks, it is at least 5% over market value. Today with the Internet, everyone is aware of what a home should sell for. Even if an agent was able to sell a home over market value the home is generally appraised for mortgages and the mortgage would be declined because the house sold at too high a price for the neighborhood. So the question arises, then why do we need a real estate agent? A good agent markets the property to find the buyer who would pay top value for the property. The agents who have and who attract the most buyers to the property have the best chance of getting the best price terms and conditions for their sellers. Today more than ever you need a strong agent with a well-known company to represent your interests.

We have moved into a more steady traditional real estate marketplace, taking an average home 30 to 60 days to sell. It takes that long because we have to find the one buyer would pay the seller the maximum value for the home. The last few years many real estate agents were order takers, today, being in a more traditional sales cycle market, realtors have to be salespeople, finding the buyers and showing them the benefits of the home, the area and the benefits of living in a particular neighborhood.

The real estate market may seem complicated at the present time but it really isn’t. If you or friend are thinking of buying or selling please give me a call. Let me answer all your questions and help you make a decision that is right for you and your family.

Have a great month,



Your Friend in Real Estate.