Toronto Real Estate News from Paul Chan and Ewan French January 2019   
Real Estate News
Paul Chan

315 Castlefield Avenue
Toronto, Ontario

Hi Paul,

Real estate is your most expensive investment of your life time so why not have the opportunity to try it before you buy it?!

We give clients access to 4 unique properties to live in for up to a week so you have a better idea of the type of home or neighbourhood that fits you and your family.

Pursuing a job opportunity in a new city can evoke a variety of emotions. If you’re thinking about relocating, this month’s article offers some great advice that’ll help make the transition go smoothly.

Thanks so much for checking out this month’s newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general. It’d be great to hear from you!

Paul Chan and Ewan French

In this issue...
??The Ultimate MFR Real Estate Experience??

Clients have the opportunity in 2019 to experience 4 unique places to live‼️

  1. Snow bird in a townhouse in Florida.
  2. Skiing at a resort in Blue Mountain.
  3. Condo living downtown Toronto.
  4. Detached house in Forest Hill.

Try 1 or all 4 when you work with the Modern Family Realtor team‼️

Real estate is the most expensive investment of your life time so why not have the opportunity to try it before you buy it⁉️

We give clients access to 4 unique properties to live in for up to a week so you have a better idea of the type of home or neighbourhood that fits you and your family.

Contact us for your free consult and find out how to qualify at

Home sales down compared to same time last year.

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a total of 77,426 residential transactions through TREB’s MLS® System in 2018.

This result represented a 16.1 per cent decline compared to 92,263 sales reported in 2017. Total new listings entered into TREB’s MLS® System were down by 12.7 per cent over the same period to 155,823.

The overall average selling price for 2018 transactions, at $787,300, was down by 4.3 per cent year-over-year for all home types combined across the TREB market area.

Home prices were up very slightly in the City of Toronto and down in the surrounding GTA regions. This dichotomy reflects the fact that the condominium apartment segment, which accounted for a large proportion of sales in the City of Toronto, performed better from a pricing perspective than the detached market segment. The average price for condominium apartment sales across the TREB market area was up by 7.8 per cent year-over-year.

“Higher borrowing costs coupled with the new mortgage stress test certainly prompted some households to temporarily move to the sidelines to reassess their housing options. With this said, it is important to note that market conditions were improved in the second half of the year, both from a sales and pricing standpoint,” said Garry Bhaura, TREB President.

“After spiking in 2017, new listings receded markedly in 2018.  In many neighbourhoods, despite fewer sales from a historic perspective, some buyers still struggled to find a home meeting their needs. The result was a resumption of a moderate year-over-year pace of home price growth in the second half of the year. Price growth was strongest for less-expensive home types, as many home buyers sought more affordable home ownership options,” said Jason Mercer, TREB’s Director of Market Analysis and Service Channels.

Enjoy a variety of amazing food items at Winterlicious!

Winterlicious is Toronto’s annual winter culinary celebration. It’s the perfect opportunity to discover delicious cuisine at more than 190 different restaurants.

Winterlicious kicks off on Friday, January 25th and runs straight through every day until Thursday, February 7th.

This culinary adventure gives you a chance to indulge in mouthwatering, creative cuisine from around the world at great prix fixe value.

Cuisine includes Middle Eastern, Japanese, Italian, Malaysian, French and much more so there really is something to please every foodie’s palette!

Come out of hibernation and set some time aside to explore Toronto’s food culture at Winterlicious. Try something new, exotic, traditional or just try it all but whatever you do, be sure to make your reservations today!

Relocating to a new city can be an exciting yet overwhelming time.

The prospect of a work relocation means you’ll need to be well organized as there’s usually not much time to get acquainted with your new area.

First off, determine what the cost of living will be in the new location. There’s no point in relocating for a higher salary if the extra income will be eaten up by increased living expenses.

Make sure to also consider factors such as workload, expense accounts, travel expectations, job opportunities for your spouse and schools for the kids. Here are a few other points to keep in mind:

  1. Time is Money – Create a budget and a detailed timeline to help you stay on track.
  2. Recon Mission – Plan a trip to familiarize yourself with the local area or check out a few community websites if it’s too far to preview in person.
  3. Check Yourself – A detailed checklist will help ensure everything goes smoothly which will reduce the stress that’s associated with a major move.
  4. Smooth Move – Select a real estate agent to sell your home and ask them to refer you to an agent in your new city who can help familiarize you with the local market.
  5. Take the Credit – Employers often provide relocation packages to help offset expenses such as temporary housing and moving costs. There may also be certain tax credits available.

Deciding whether or not to relocate can be very stressful. Not only are you trying to negotiate a career move but you’ll also be starting a new life in an unfamiliar place. However, if you approach this process by paying close attention to all the details, you’ll enjoy a much more positive relocation experience. Please don’t hesitate to get in touch if you have questions or need any real estate advice!

If you think airplane mode is only for flying, then think again!

Airplane mode blocks your connection to cellular networks when you take to the skies but there are many other lesser known benefits to this often ignored feature.

Airplane mode also saves battery life, charges a phone quicker and it will even stop those annoying ads from displaying when you’re playing Candy Crush!

Smartphones can also be extremely distracting so if you’re down to the wire on a project, simply switch over to airplane mode for a quick notification detox so you can focus and get your work done.

Finally, if you’re concerned about electromagnetic field radiation, set your phone to airplane mode when your smartphone’s not being used for wireless transmissions as it will completely cut off any form of radiation.

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