Home Trends from Ed Wang & Chris Wannamaker

THE W GROUP REAL ESTATE

Royal LePage Connect Realty

We need your help! In November 2023, Edward will be traveling to Ecuador on a five day trek towards one of the highest active volcanoes in the world in support of the Royal LePage Shelter Foundation, an organization supporting women and children fleeing violence and domestic abuse. He will be camping in a tent and going without cell service, electricity, bathroom facilities, and other home comforts (yikes!). This trek will not be easy, but it will be immensely worthwhile. To support Ed and this worthy cause, we are asking our family and friends to consider donating to his fundraiser at www.EdsEcuadorChallenge.ca. Edward is fully self-funding this trip, so all donations go directly to the Royal LePage Shelter Foundation, and we will be matching all donations up to $5,000 on our way to our $10,000 goal. Edward appreciates any donation big or small, including words of encouragement! As for the Toronto real estate market, March 8th saw another rate announcement from the Bank of Canada, and thankfully this time there is no change to the variable rate. We are also heading into the busier spring market, and as we hoped and predicted, more inventory is hitting the market week over week. This means that buyers are starting to have more choice, however some segments of the market are once again seeing aggressive bidding wars, like condos under $800K and single-family homes around $1M to $1.5M. While still slower than past years, it remains to be seen if this increased momentum will continue throughout the rest of the typically busy spring market or if we will see another cooling off as we saw this time last year. As always, please feel free to reach out any time to talk about the market or your situation. Your Friends, Ed + Chris

Office: 416.588.8248 | www.wgrouprealestate.ca