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Despite another rate hike from the Bank of Canada, activity remained similar to last month with 4,961 sales taking place, and homes available for sale staying around the 13,000 mark. This low number of available homes helped keep the average price stable, more or less flat for the last three months.

Note: This is still 9.9% higher than the end of 2021.

The Bank of Canada’s most recent messaging suggests they are reaching the end of their tightening strategy and bond yields dipped. As a result, fixed mortgage rates may trend lower moving forward which would help affordability and thus sales.

While this seems like good news, I must admit, it makes me nervous. There are so few homes for sale, any kind of small uptick in demand could lead to a repeat of rapid price increases as we have experienced earlier this year. Despite the economic uncertainty, the inventory shortage coupled with continuing strong demand for housing could cause a quick rebound to a hot market.

This is a complicated and somewhat unpredictable real estate market. Yet, it is an ideal time for those looking to benefit as up-sizers or investors

While everyone’s circumstances, wants and needs differ, for most, sitting on the sidelines and waiting is a mistake. If you’re not sure, or if you know of someone who needs to talk about their situation, please give me a call, I’ll be happy to consult objectively! Let’s assess together when the right time is to move forward. My role is not to make a sale, it’s to address any real estate uncertainty you may have and propose your next steps. That may result in a recommendation of “do nothing”.

Regardless of your needs, it's important that you work with a strong, experienced realtor and a worldwide brand that can help you navigate and make great decisions in this market. Take advantage of my combined experience of 17 years in real-estate and 4 decades as a business owner. Give me a call and let’s talk because after all, I am Your Point Man in Real Estate and I am here to Make a Difference For You!

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Your tone of voice and the words that you use can sometimes be the difference in whether a conversation is positive or not. Here are some great books to check out that offer tips on ways you can ensure that your conversations have the best outcomes. What will you start with first?⁠

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

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**WATCH VIDEO**

Consult your DREAMS. Think about the POTENTIAL. Concern yourself with the POSSIBLE. Those real estate dreams... can be reality!⁠

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

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When the overnight rate is increased, it becomes more expensive to borrow money. The increased costs of borrowing money are shifted from the bank onto the consumer by increasing the Prime Rate.

Pre-Approvals are likely to decrease.

Fixed-Rate Mortgages remain the same.

Adjustable Rate Mortgages will increase according to the new Prime Rate minus your discount. (Expect information in the mail).

Static Variable Mortgages payments remain the same but a portion of interest paid to the lender will change.

Reach out with your questions anytime. I can introduce you to a mortgage broker who would be happy to go over your options with you and help you find a mortgage that you're most comfortable with.

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

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Wondering what's happening this weekend? Here's a list of a few activities and events that might interest you.⁠

1. Halloween Food Truck Festival

When: October 29th-30th, 2022
Where: Variety Village, 3701 Danforth Ave., Scarborough, ON
Cost: FREE

A family-friendly, accessible 2-day Halloween event Saturday, October 29 and Sunday, October 30th. Join us for food, drinks, kid-friendly activities, costumes, treats and live entertainment! This is a community event and all guests are encouraged to come in costume + OPEN MIC!

2. The Great Canadian Horror Film Festival

When: October 28th-29th, 2022
Where: The Royal Theatre, 608 College Street, Toronto, ON
Cost: $22.23

The perfect way to celebrate the Halloween season with horror films from around the world. 15 horror films in a 2 hour block. The rating for the entire block is PG-14.

3. Cooper’s Farm Night Maze

When: NOW until October 28th, 2022
Where: Cooper's CSA Farm & Maze, 266 Ashworth Road, Zephyr, ON
Cost: $23

Click here for more information.

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Something to think about and implement. Success only comes from a plan and action and that is all up to YOU!⁠

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

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Wondering what's happening this weekend? Here's a list of a few activities and events that might interest you.⁠

1. Toronto Pumpkinfest

When: NOW until October 23rd, 2022
Where: Downsview Park, 35 Carl Hall Road, Toronto, ON
Cost: $25-$30
Experience this family event with great food, vendors, entertainment and loads of pumpkins! You won’t want to miss the large Pumpkin Patch and Food Truck Frenzy featuring Toronto’s best food trucks!

2. Toronto International Snowmobile, ATV & Powersports Show

When: October 21st-23rd, 2022
Where: The International Centre, 6900 Airport Road, Mississauga, ON
Cost: $10-$25

You’ll be blown away with the incredible roster of exhibitors and the feature events taking place around the show. The enormous Outdoors Event Centre with Live test drives and Freestyle Shows featuring snowmobiles, ATVs, motocross and street bikes. You’ll find huge Manufacturer Displays showcasing all of the new snowmobile and ATV line-ups.

3. Ghost Tours, Walks & Paranormal Investigations in Toronto and the GTA

When: NOW until October 29th, 2022
Where: Various Locations in the GTA
Cost: $19.99 & up

Ghosts, graveyards, hangings, and haunts. Hear some of the most spine-tingling ghost stories from the earliest days of the city, including haunted theatres, unsolved mysteries, and the terrifying encounters.

Click here for more information.

Posted with @regram
by @cityofto

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Preparing for homeownership can sometimes feel overwhelming, but obtaining pre-approval before looking at homes helps alleviate some stress. As a first-time home buyer, you want to be in the know about what's going on so here are 3 steps to getting pre-approved! ⁠ ⁠

If you have questions or need a referral to a trusted mortgage broker, send me a DM!⁠ ⁠

Sam Chaim⁠ - Making A Difference For You!⁠
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠
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Ask yourself this... what do you do when things don't go your way? Remind yourself that it's okay to not be afraid to take risks and when we plan and the plans don't work out, you just have to rise up and try again.

Many have commented on how the current interest rates have them feeling more doubtful about homeownership. There are several options out there to take a look into. What doesn't work with one lender, another may be able to sort something out that works for you.

If you have questions, don't hesitate to ask them. I can also refer you to someone who is no stranger to the game.

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

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October 2022 

Dear Friend, 

Borrowing rates are up and so are sales prices while volume is down. Are you surprised? The recent trend continues as 5,038 homes sold in September, down from last year’s record levels. The average sale price also is up 10.7% since the start of the year to $1,212,963. It’s confusing, isn’t it? Prices are supposed to be down but yet are up. This disconnect is because prices increased 28% in February and March this year. Prices are averaging down slowly from those highs, as we expect to end 2022 with a 6-8% price increase over 2021. 

This also explains why despite the negative news and borrowing rate increase the market continues to move forward. Some got lucky a few months ago and sold near the peak but in most of those cases, they also bought at that same peak. Trade-up buyers are seeing this as an opportunity to upgrade before prices make their next charge forward, and they will. Increases of 12-15% in rental rates combined with prices being off their peak have attracted investors back into the market.  

Bottom line, Toronto and the GTAA is not likely to suffer any sustained value retraction.  Living in and near Toronto there are always people on the move because of personal circumstances and of course immigration bolsters demand on top of that. The area governments are so far behind in creating a path to easing demand it will still take years to change the dynamics. 

You’ll pardon me for beating the same drum again and again but there is a continuing shortage of available homes for sale for trade up buyers while downsizers are staying home longer. Therefore, the future of home valuations in the GTA remains extremely positive if we stay focussed on the long term.

What your best move is, and when to make it, remains a very personal question. So, talk to me about your needs and I promise you the most impartial objective advice. My interest and priority is to help you do what is best for you. Let me guide you through the intricacies and often confusing signals of the current market. Opportunities do exist whether you are buying or selling and the first one to say, “let’s wait,” will be me, if that makes the most sense for you and your family.  The worst decision for you just might be, not to make any decision.  

Let’s talk because you have a friend in the business who cares!

To A Good Life,

Sam Chaim⁠ - Making A Difference For You!
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠
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Wondering what's happening this weekend? Here's a list of a few activities and events that might interest you.⁠

1. Tomo Arts Market Toronto

When: Saturday, October 8th, 2022
Where: BrickBox, 1233 Queen Street West, Toronto, ON
Cost: FREE

A cute art market! Tomo Arts Market is a local independent artist alley created by a group of artist friends focusing on alternative art styles, cute merchandise, comics and much more!

2. Comedy on the River

When: Friday, October 7th, 2022
Where: Humber River Paddling Centre, 9 Old Mill Rd, Etobicoke, ON
Cost: $10 & up

Located on Toronto’s beautiful Humber River our Comedy On The River event starts at our Humber Paddling Center, only a 5-Minute walk from Old Mill TTC Station! You'll sign in and get set up with a boat and equipment before embarking on the scenic paddle of the meandering Humber River to our Comedy Show located right on the river! You’ll be greeted by host Dan Galea, and some of Toronto’s biggest upcoming comedians.

3. Common Ground Dance Festival

When: Friday, October 7th - Saturday, October 8th, 2022
Where: Lee Lifeson Art Park, Gladys Allison Place, North York, ON
Cost: FREE

Events will include community workshops that focus on creative improvisational movement for beginners, intermediate/advanced level workshops that bring together dance students and professional dance artists, site-specific performances in response to the park’s sculptures, mainstage performances, student performances, freestyle improv jams, and a community co-creation experiment.

Click here for more information.

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At RE/MAX we set our goals for your home buying and selling needs above the clouds! If you've been thinking of buying or selling, NOW is the time.

Home Evaluation Form or Start Customized Home Search

Sam Chaim⁠ - Making A Difference For You!
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠
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Vaughan August 2022 stats are out!⁠ ⁠ Have questions about how this may impact your home selling or buying decision?! send me a message!⁠

Read Full Market Stats Package

Sam Chaim⁠ - Making A Difference For You!
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠
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Did you hear the news? The BoC increased the overnight lending rate by 0.75%, which is another increase for the 5th time in a row. The Prime rate is expected to increase by 0.75% to 5.45% and Variable rate mortgages will increase by 0.75%.

The Bank’s committed to price stability and will continue to do what is required to achieve a 2% inflation target. As the effects of monetary tightening work their way through the economy, the BoC will assess how much higher interest rates need to go to return inflation to its target. The current inflation rate is measured at 7.6% decreasing from 8.1% in the previous month.

The next announcement is scheduled for October 26th and there's certainly hope that October will be more positive.

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

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#MidweekMotivation

Just embrace the journey you're on and always hold onto that inner child full of enthusiasm. You learn something new every day, you just have to start!⁠

Sam Chaim⁠ - Making A Difference For You!⁠
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠
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With 5,627 homes sold, August marked a slight increase over July in terms of number of homes sold as well as for the average sale price. The average sale price YTD is now at $1,224,216, compared to 2021’s average price of $1 095,339. 



Please don’t expect prices to start to rise again. What August’s data shows is that the real estate market is active with sales and purchases taking place. While listings remain in short supply, buyers show continued willingness to purchase at today’s market prices. Overpriced listings are soon exposed by today’s savvier buyer and those listings will languish.

As always there are areas of strength and weakness in the market. Condominium sales in the 416-area code have strengthened as overall demand has increased due to the higher price points for detached homes and the fact that rents have increased significantly over the last year. Renovated suites in older buildings are typically larger and are selling at significant premiums over those that are unrenovated. Also 905 detached home prices have softened in the outlying areas, but the challenge for first time buyers or those moving further away to upsize will be qualification for financing.

The dream of a private backyard and a white picket fence is deeply rooted in our society which will keep demand up. My prediction is we will see a stabilizing of these conditions moving forward. The volume of transactions may decline but underlying market dynamics, principally demand and low supply, will buoy sales prices.

Predictably, we are reading more and more doomsday comments about significant price declines because among other key factors, interest rates are rising. But the offsetting demand, I expect, will counter that thought. We have seen this wishful thinking before. A well priced property sells in approximately 3 weeks, provided it is priced within 5% of market value. Looking at it with a seasonal perspective, the market is reasonably active in all categories of properties right across the GTA.

If you are interested in finding opportunities in today’s real estate market, you need a knowledgeable broker that can give you the information you need to make a good decision for you and your family. A full time, experienced realtor like me, associated with a great company like RE/MAX Realtron! Give me a call, let’s chat, after all you have a friend in the business who is, you know….the Point Man In Real Estate! 

Read Full Market Stats Report

To A Good Life!

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

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Wondering what's happening this weekend? Here's a list of a few activities and events that might interest you.⁠

1. TD Markham Jazz Festival⁠

When: August 19th-21st, 2022⁠
Where: Main Street Unionville, Markham, ON⁠
Cost: FREE⁠

This is an exciting and vibrant event featuring well known professional jazz musicians performing on three stages! Come to life with 30+ free performances all day and evening on outdoor stages, on the street and in bars and restaurants.⁠

2. Heritage Sounds Music Festival⁠

When: August 19th-21st, 2022⁠
Where: Brampton, ON⁠
Cost: Free & ticketed⁠

The 7th Annual Musical Extravaganza IS BACK with multi-genre music, and an amazing line-up Of 50+ artists. You DON'T want to miss this! YOUR MUSIC, YOUR VIBE! HSMF 2022 program will showcase multiple genres of music including: Pop, Hip Hop, Urban, Bollywood, folk, Sufi, Rock & Roll, Jazz, Blues & Rock.⁠

3. Toronto Taiko Festival 2022⁠

When: August 19th-21st, 2022⁠
Where: University of Toronto Faculty of Music, 80 Queen's Park, Toronto, ON⁠
Cost: Free & up⁠

Enjoy workshops from taiko players from across North America, a public forum, and a concert featuring artists from all across Canada, the United States, and right here in Toronto.⁠

Click here or more information.⁠
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Wondering what's happening this weekend? Here's a list of a few activities and events that might be of interest to you.⁠

1. Summer Lovin’ with The Lonely Hearts

When: August 12th, 2022
Where: The Dakota Tavern , 249 Ossington Ave. Toronto
Cost: $20

Come out for a summer dance party with The Lonely Hearts! Live from the legendary Dakota Tavern. From The Ramones, Shania Twain and Weezer, to Taylor Swift, Jackson 5 and The Killers, they mash up every decade into their own raucous, upbeat party blender for a night of constant dancing.

2. Kaboom Festival

When: August 13th-14th, 2022
Where: Downsview Park, 35 Carl Hall Road, Toronto
Cost: $60 & up

Kaboom Festival is a celebration of African- Caribbean culture and music through varied experiences that promote identity and the bridging of diaspora communities. Delivered in a 2 day live experience-based showcase, the Kaboom Festival aims to bring together music lovers and experience seekers to create unforgettable moments in a space that feels larger than life.

3. Promise Cherry Beach

When: August 14th, 2022
Where: Cherry Beach, Toronto
Cost: $20

22 years of cutting-edge community electronic music parties. From June to Labour Day. Located at Cherry Beach Park. Come dance under the sun with us and let the mesmerizing melodies rush over you. Toronto’s longest running Sunday Afternoon dancing picnic jam on the beautiful sandy beach right on Lake Ontario. Great sound, great people, great memories.

An unmissable chance to take in the best of our underground music scene surrounded by sun and fun at the beach. Bring your lover and a picnic and pass the time with friends and friends of friends. The perfect day.

Click here for more information.

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"Having more and more won't solve the problem, and happiness does not lie in possessions, or even relationships. The answer lies within ourselves. If we can't find peace and happiness there, it's not going to come from the outside." - Tenzin Palmo

What do you do to acknowledge and appreciate what you do have?

Sam Chaim⁠ - Making A Difference For You!
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠
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Wondering what's happening this weekend? Here's a list of a few activities and events that might be of interest to you.⁠ ⁠

1. Music on the River Music On The River

Paddling Series located on the Humber River. Take a scenic paddle and then watch Toronto artists on the dock from your canoe or kayak. Located on Toronto’s beautiful Humber River our Music On The River event starts at our Humber Paddling center which is only a 5-Minute walk from Old Mill TTC Station! Upon arrival we’ll get you signed in and set you up with your boat and equipment before you embark on your scenic paddle of the meandering Humber River before enjoying a 45-Minute set from Popular Local Toronto Artists!

When: Friday August 5th to October 14th, 2022
Where: Humber River Paddling Centre, 9 Old Mill Rd, Etobicoke
Cost: $10 & up

2. JerkFest 2022

JerkFest is an annual event celebrating jerk cuisine and Caribbean culture organized by not-for-profit organization Caribbean Promotions Arts & Culture Inc. After two years of virtual livestreams, JerkFest is returning to their annual in-person celebration at Centennial Park as the top food and music festival. Watch Centennial Park come alive again with authentic and delicious Jerk cuisine, outstanding performances, entertainment, family fun and activities. This year’s headliners Maxi Priest, Alison Hinds, Konshens and Brian McKnight are ready to bring the heat!

When: Friday August 5th to Sunday August 7th, 2022
Where: Centennial Park, 256 Centennial Park Rd., Etobicoke
Cost: $20 & up

3. #BollywoodMonster Concerts

Canada’s LARGEST South Asian festival is back! Join us at this year’s #BollywoodMonster Mashup presented by TD.
- Main Stage brought to you by Virgin Plus
- KidZone brought to you by Tim Hortons
- Food & shopping
- Seniors Lounge
– Accessible seating area
- FREE admission and FREE parking

When: Friday August 5th - Saturday August 6th, 2022
Where: Celebration Square, 300 City Centre Dr, Mississauga
Cost: FREE

Click here for more information.
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