“Once the Bank of Canada actually starts cutting its policy rate, likely in the second half of 2024, expect home sales to pick up even further."

Home sales were up in January 2024 in comparison to January 2023. This annual increase came as some homebuyers started to benefit from lower borrowing costs associated with fixed rate mortgage products. New listings were also up year-over-year but by a lesser annual rate compared to sales. The resulting tighter market conditions when compared to the same period a year earlier, potentially points toward renewed price growth as we move into the spring market.

“We had a positive start to 2024. The Bank of Canada expects the rate of inflation to recede as we move through the year. This would support lower interest rates which would bolster home buyers' confidence to move back into the market. First-time buyers currently facing high average rents would benefit from lower mortgage rates, making the move to homeownership more affordable,” said TRREB President Jennifer Pearce.

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VACANT HOME TAX DECLARATION DUE

Residential property owners in Toronto must submit a declaration by February 29th even if the owner resides at the property.

To make a declaration of occupancy status, homeowners will need their property assessment roll number and customer number, both of which can be found on their property tax bill.

A property is subject to the Vacant Home Tax if it is a residential property that is not the principal residence of the owner or permitted residents, is unoccupied for more than six months and does not qualify for an exemption or is a property where no declaration is submitted.

Click on the button to fill out your declaration.

SHARE THE LOVE FOOD BANK DRIVE

Share The Love this Saturday Feb 10th from 11 - 1 by dropping off non-perishable food items at our annual Valentine’s Food Bank Driveway! ❤️

📍Slavens & Associates Driveway - 435 Eglinton Ave West at Duncannon.

🥫Most needed items: pasta, pasta sauce (no glass jars), oatmeal, cold cereal, tuna, canned vegetables, canned fruit, peanut butter.

🍍All non-perishable food will be donated locally to the Churches-On-The-Hill Food Bank, a regional agency of the Daily Bread Food Bank.

🌽All donations are gratefully accepted!!!

Slavens & Associates is excited to welcome

3 new agents to our team of exceptional people!

Lisa Choi

Realtor® | [email protected]

With a background in hospitality, service, and design, Lisa has honed her skills for over 20 years to provide the utmost in client service, style, and knowledge of Toronto's neighbourhoods. She loves the diversity and authenticity of the many ethnic cultures of Toronto, which is truly an international city with a small town vibe. 

As a seasoned real estate professional, Lisa brings a wealth of knowledge and expertise to every transaction. Known for her exceptional professionalism and keen market insight, Lisa guides clients seamlessly through the process of buying or selling properties, ensuring a smooth and successful experience.

Alexa Samuels

Realtor® | [email protected]

With over 25 years in the corporate world, Alexa Samuels brings extensive experience partnering with CEOs, boards and senior executives. She possesses exceptional customer service and marketing skills acquired at the world's leading luxury hospitality company, Four Seasons.

Alexa's passion for technology and analytics enhances her ability to connect properties with the right audience, and her love for Toronto drives her to stay ahead of market trends and opportunities which she leverages to the benefit of her clients. With Alexa, you gain not just a real estate agent, but a committed advocate who shares your affection for one of the world's most vibrant urban landscapes.

Noah Wolgelerenter

Realtor® | [email protected]

Noah combines a degree in marketing with a passion for real estate to offer exceptional service to his clients. He possesses a deep understanding of market dynamics and consumer preferences, skills that are crucial in the world of property sales. Noah’s approach is grounded in a client-centric philosophy, where understanding and meeting each person's unique needs is paramount. 

With a love for basketball, Noah believes in the power of teamwork both on the court and in the world of real estate, where he collaborates with other agents and industry professionals. With a commitment to integrity and excellence, Noah is energetic, tenacious and focused on the best possible results whether buying, selling or leasing.

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