Dear Kirby Chan & Co. Community,
A Message From Our Founders
As we head into the summer season, the weather may be hot, however our real estate climate is currently low. We are witnessing that buyers are mostly on the fence, opting to wait and see if there will be further interest rate cuts or rate holds before making a decision to purchase.
Economists expect interest rate cuts over the next year, presenting a unique opportunity for buyers. Taking advantage of the slower season now could be beneficial before the market heats up and buyers flood in after any such announcements.
For sellers, now is the time to prepare. By contacting us, we can support you in planning ahead, ensuring your property is ready to hit the market when we see a rising trend.
Thank you for your continued trust and support. Enjoy the sunshine and summer fun!
Warm regards, Kirby and Carrie Founders, Kirby Chan & Co.
Thornhill Real Estate Market
Quarter 2 - 2023 vs 2024
Number of Transactions
Average Sale Price
The first quarter real estate trends in Toronto and surrounding areas reveal a subtle decline in average sale prices, down 0.2% to $1.22 million, with a 16% decrease in homes sold. The City of Toronto saw a slight price increase but a drop in sales volume, while Markham experienced notable declines in both price and sales. Richmond Hill’s prices marginally increased, although sales fell sharply, and Vaughan’s prices and sales also decreased, but days on the market notably rose. This varied landscape indicates nuanced buyer and seller behaviours in the GTA real estate market.
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