CATHY GRAHAM
Attention Postmaster: Time Sensitive Material
Sales Representative
416.722.7158 CathyGraham@Rogers.com www.HomesInMarklandWood.com www.CathyGraham.co
Markland Wood Real Estate Market Report | September 2021
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BANK OF CANADA MAKES INTEREST RATE ANNOUNCEMENT The Bank of Canada announced that it will continue to hold its key interest rate target at 0.25%, unchanged since March 2020 when a trio of rate cuts were implemented to boost the economy in light of the hard-hitting impacts of COVID-19. Today, the Bank slightly adjusted its outlook for the Canadian economy to six percent, down from its previous forecast of 6.5%. Interest rates are not expected to rise until the economy recovers further, likely toward the latter half of 2022. The Bank’s quantitative easing (QE) program has been adjusted to $2 billion per week. While the third wave of COVID-19 prompted slower economic growth in the second quarter of 2021, things are expected to pick up in the second half of the year thanks to continued progress on the vaccination front, coupled with easing restrictions. The Bank also noted that consumer behaviour will likely lead the economic recovery, as household spending returns closer to pre-pandemic levels. Meanwhile, the hot housing market is expected to ease somewhat from the record-high activity that has characterized the last 14 months.
Friends and Future Neighbours, 2021 is on track to be another record-setting year. With still historically low interest rates, an increase in homebuilding, strong demand, and low inventory, now is the time to sell! Call me today at 416.722.7158 for a free consultation.
Presented by Cathy Graham Your Markland Wood Real Estate Resource
Prepared Especially for Friends and Future Neighbours
CATHY GRAHAM
Sales Representative
RE/MAX Professionals Inc.
416.722.7158 CathyGraham@Rogers.com www.HomesInMarklandWood.com www.CathyGraham.co
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Real Estate Market Report | For more information, please visit: www.HomesInMarklandWood.com
This market report was created especially for you. For a more in-depth, comparative market analysis on your property, call me today at 416.722.7158.
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IMPORTANT MARKLAND WOOD REAL ESTATE INFORMATION AT YOUR FINGERTIPS!
Markland Wood Homes Currently Listed Status
Style
Bedrooms
Bathrooms
Month Listed
List Price
Active
Bungalow
3
2
July
$1,499,000
Active
Backsplit
3
3
July
$2,049,000
PROVIDING LOCAL, ACCURATE & PERSONALIZED SERVICE
This is Your Trusted Resource: Personalized Home Assessment Community Real Estate Trend and Information Simplified Property Searches
W W W. C AT H Y G RA H A M .CO Friends and Future Neighbours, When you are ready to list your home, this information and my local expertise will ensure I can maximize the sale value of your home. Call me today at 416.722.7158.
Markland Wood Homes Sold in the Last 8 Months Status
Street Name
Style
Bedrooms
Bathrooms
Month Sold
DOM
Sold
Markland Drive
Bungalow
3
3
July
22
Sold
Mill Road
Backsplit
4
2
June
3
Sold
Trailsmoke Crescent
Sidesplit
3
3
June
6
Sold
Burnt Log Crescent
2 Storey
4
3
May
7
Sold
Mapledawn Road
Sidesplit
4
2
April
4
Sold
Logwood Court
2 Storey
4
4
April
10
Sold
Grasspoint Crescent
Sidesplit
3
2
March
1
Sold
Grasspoint Crescent
Sidesplit
3
3
March
6
Sold
Broadfield Drive
Backsplit
3
2
March
8
Sold
Cherry Post Crescent
Sidesplit
3
4
March
6
Sold
Mountain Ash Court
Sidesplit
4
3
March
8
Sold
Tallforest Crescent
2 Storey
4
4
March
7
Sold
Shadetree Crescent
2 Storey
4
5
February
120
Sold
Trailsmoke Crescent
Backsplit
4
5
December
64
Sold
Mill Road
2 Storey
4
3
December
7
Sold
Winsdale Road
Backsplit
4
2
December
6
Cathy Graham and RE/MAX Professionals Inc. are not in any way affiliated with Markland Wood Owners Association, nor is this in any way an official advertisement or publication of Markland Wood. © 2021 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Real Estate Board of Toronto (TREB) between December 9th, 2020 and August 9th, 2021. Listings and sales may not be those of RE/MAX Professionals Inc. The (TREB) does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. If you do not wish to receive any further newsletter correspondence, please contact me by email or telephone.