GTA Stakeholders' Report - Spring 2022

GREATER TORONTO AREA STAKEHOLDERS’ REPORT Spring 2022

A Message From Our CEO Before the numbers are released, I can already tell you that there is a slowdown in the real estate market.

Why? It’s due to a decline in housing affordability, rising interest rates, and inflation due to the Russia/Ukraine War. The central bank rate is at 0.5% and they have plans to increase their rates up to 2.25%.

The government wants the red hot housing economy to cool down and they will increase interest rates to do just that.

We predict that 2022 may not be a record year however it will still be one of the best years in real estate.

The good news is that we will have a balanced market for once in a very long time. This puts buyers and sellers on an equal playing field. If you are planning to make a move then this is the opportunity you can not miss. Let me and my team guide you to success.

Care. Protect. Serve.

- Kirby Chan Broker

8763 Bayview Ave #127 Richmond Hill, ON L4B3V1 Cell: (416) 305-8008 www.KirbyChanAndCo.com info@kirbychanandco.com

Greater Toronto Area Real Estate Market: First Quarter 2021 vs 2022 2022

Want to these know ho w stats Call o a r Tex ffect you? t us a 416-3 t 05-80 08

2021

Home Values Went Up

$1.11m $.958m $1.20m $1.04m $1.19m $.970m $1.57m $1.30m $1.49m $1.21m

$1.24m

$1.56m

Homes Sold Faster

11 18 14 22 8 13 10 18 9 15 11 16

Statistics Provided by Toronto Real Estate Board: Jan 1 2022 - Feb 28 2022. Numbers rounded to closest 10k.

Visit www.KirbyChanAndCo.com to browse listings in your area 416-305-8008 | info@KirbyChanAndCo.com

Kirby Chan & Co. SOLD Story - Tapan & Sumita at 22 Peterborough Ave.

Entering a new phase of their lives, Tapan & Sumita were looking to downsize from their Thornhill home to something more suited to their needs. We were thrilled to support them in this transition and recommended that they sell first to capitalize on the soaring market.

The thing was, if it was going to happen, it needed to happen fast Sumita wanted the property on the market within one week from our first meeting. We accepted the challenge and sprang into action: •

We immediately brought in our expert stylist to transform each room into a modern and vibrant space.

•

We brought in a moving company to pack up and move the existing furniture into storage for safe keeping.

•

Our amazing videographer created a cinematic video tour, featuring all of the beautiful spaces inside of the house

•

We included drone video to give a bird’s eye view of the exterior and the surrounding area.

•

We added a descriptive voice over featuring the home’s functionality and what makes it unique.

•

We also added a virtual tour and floor plan so potential buyers could experience the space from the comfort of their own home.

When the home hit the market, the magic began: we had 1,166 views on realtor.ca, 43 showings, 2 packed open houses with over 20 groups of people visiting each day.

After only 6 days on the market, we had 6 great offers and the property sold for $483,000 over asking. See the QR code below for a video of Tapan and Sumita’s reaction to the process.

Scan To Watch Tapan & Sumita’s SOLD Story www.WhyKirby.com

22 Peterborough Avenue, Thornhill SOLD OVER ASKING in 6 days for $2,071,000

“There was no stress! That was the most important thing.

A totally stress free transaction.”

- Tapan & Sumita Sengupta

Text your address to 416-305-8008 for an instant home evaluation www.KirbyChanAndCo.com

Kirby Chan & Co. Home Selling System

A Higher Price For Your Home SCAN TO GET YOUR PRICE

Kirby Chan & Co. Does it again! - Just Listed!

377 Banburry Road

York Mills Rd & Bayview Ave

Beautiful Detached 2-Storey 5-Bedroom Home in the Windfield Estates Community. Located in the prestigious school district of Dunlace, York Mills Collegiate. Ready for a big family to move-in.

11 Monarchwood Crescent Lawrence Ave & Don Valley Parkway Located on a quiet street in quaint Parkwoods community, this 4 bedroom bungalow built on a premium 53ft lot has lots of potential. Perfect for builders, investors, and DIY renovators. Design your dream home here!

Scan the QR code to see all Featured Listings

Kirby Chan | Broker & C.E.O Kirby Chan has been consistently ranked in the top 25 realtors in KW Canada.

He is part of the leadership team in multiple offices and epitomizes being a leader that creates and empowers leaders at any level. He has worked in all aspects of the business, from appraisals, new developments to representing buyers, sellers, and investors in both the residential and commercial markets.

Carrie Szeto Co-Founder, REALTOR® & Lead Listing Specialist Born and raised in Hong Kong and moved to Canada with her family at the age of 12. She is fluent in Cantonese and Mandarin. She graduated from the University of Toronto with a Bachelor of Commerce Degree and began her career at Proctor and Gamble. In 2013, she started her Real Estate career alongside her husband (Kirby) and his family. Her corporate background and passion for real estate have allowed her to support many families to fulfill their dreams of homeownership and increase their real estate portfolio in creating generational wealth.

Not intended to solicit buyers or sellers currently under contract with a brokerage.