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Some interesting facts about the real estate market activity in July:


Number of homes for sale: 15,334

Number of homes sold: 4,912
Average Number of homes AVAILABLE for a buyer to see: 3.12
Average Sale to List Price: 99%
Average Days on Market: 16
Average Price Increase from 2021 13.2%

So how do we interpret this data? Right now it is still a Seller’s Market. Almost 5000 homes sold so the fact is buyers are buying homes in the GTA. The number of homes available for sale continues to be low.

The average price is up from 2021 while prices are down from the huge increases we had at the start of the year. The market continues to adjust.

The fundamentals of Toronto’s economy haven’t changed. Unemployment is low, immigration continues to be high and rental rates are increasing. The high demand and a lack of supply is exactly what has caused the sharp increase in prices of homes and rentals! This will not change in the near future without some massive changes and acceleration of government policies.

The start of August saw a reduction in fuel prices, welcome relief to all of us! The fight against rising inflation will hopefully impact/control interest rates and bring back more affordable borrowing rates to the many people waiting on the sidelines to make a move. I don’t know how long this adjustment in sharp price increases will continue, but I know that once public confidence is restored, prices will continue to increase quickly again.

When a house is priced right, it sells very quickly close to or over the asking price. So YES, multiple offers are still taking place. A house can sell itself, but how long it takes and the price one gets is dependent on the effectiveness of the following:

- Preparation/presentation of a home
- A strategic pricing plan
- Promotion and interaction with other Realtors
- An aggressive marketing plan
- An Experienced negotiatiator.

I believe this is a great time to purchase a bigger home or an investment property, because no one can predict the future. Think 5-10 years from now and look back on previous unpredictable times like 2018, 2008 and others. Seeking the top or the bottom of the market rarely ends well so if you are ready...."just do it."

By the way, I will be away in Israel from August 19th – September 5th on a lifelong dream trip with my immediate family of 14. We will be celebrating delayed and upcoming Bar & Bat Mitzvahs for 4 of 6 grandchildren. In my absence I will have a colleague on call to help you and will provide that information next week. I will be reachable but response times will be slow.

In the meantime, if you are looking ahead to doing something in September or October, message me now and let’s get started. After all, you have a friend in the business who wants to see you succeed and live the good life!

Have a great rest of the summer!


Sam Chaim⁠ - Making A Difference For You!
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠

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Markham April 2022 stats are out!⁠

Contact me to discuss how this impacts your buying or selling decision!⁠

Sam Chaim⁠ - Making A Difference For You!⁠
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠
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Are you next? Contact me to discuss the first steps in buying or selling your home.
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The Spring Market's in Full Bloom! Got questions about buying/selling? Ask Re/Max Realtor Sam Chaim!


The Spring Real Estate market is indeed in Full Bloom. While the market continues to be challenging there are also new Listings and NEW opportunities for both buying or selling your home!


Send me a message and let me show you the complete details of the market and help you take the next step to start making your dreams come true! Don’t wait! Let’s connect today!


Sam Chaim⁠ - Making A Difference For You!⁠

Re/Max Realtron⁠

416-543-7252⁠

sam@samchaim.com⁠


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There were almost 11,000 Greater Toronto Area (GTA) home sales reported in March 2022, capping off the third-best March and second-best first quarter on record. Tight market conditions continued to support a double-digit annual pace of price growth, with an average selling price of $1.3 million.


The average selling price dipped slightly month-over-month, bucking the regular seasonal trend. New listings were also down on a year-over-year basis, but by a much lesser annual rate than sales. This suggests that while market conditions remained very tight, homebuyers did not experience the same level of competition from other buyers compared to a year earlier.


Contact me with questions as to how this impacts your buying or selling decisions!


Sam Chaim⁠ - Making A Difference For You!⁠
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠


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What's on your vision board? If selling your home is contact me today to sell for TOP DOLLAR!⁠
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Has the recent interest rate increase affected the market?


Are all homes selling with multiple offers?


Should I wait to sell my Home?


Should we wait to purchase a home?


The answers and so much more information is shared by RE/MAX Realtron Broker/Owner Alex Pilarski and V.P. Agent Experience, Jeremy Pilarski.


Listen to their take on the real estate market and their prediction for what’s next. Send me a message and let me share more information that will help you make the Right Move!


Sam Chaim⁠ - Making A Difference For You!
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠


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February home sales were down compared to the all-time record in 2021, but represented the second-best result for the month of February in history. New listings dropped, but by a marginally lesser annual rate than sales, pointing to a modest move to a slightly more balanced market. Competition between buyers, however, remained tight enough to support double-digit price growth year-over-year. 


There were 9,097 sales reported through the Toronto Regional Real Estate Board's (TRREB) MLS® System in February 2022, representing a 16.8 per cent decrease in the number of sales compared to February 2021.


The supply of listings for low-rise home types (detached, semi-detached and townhouses) was also down year-over-year, but not by as much as sales. In the condominium apartment segment, particularly in Toronto, new listings were up in comparison to February 2021.


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Thinking of Selling? Word Of Advice from Thornhill Realtor Sam Chaim...Don't Wait For Spring!


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