Good Morning Quick update on the real estate market current inventory is at 8461 units sitting on the market with 1836 units selling. With the Majority of the inventory being Residential Freehold (65%) The market currently is in a descend with lower sold prices, lower amount of Buyer showings and Lower or in some cases no offers.

For sellers that have purchased in the hot market and are holding there home for the spring market to net more money are taking a huge risk that can end them in a bad situation.

Ill tell you why….. we know the first wave of buyers in the first quarter faced different conditions low interest rates and the very very low inventory compared the second wave of buyers set for the spring market that have the advantage of 100% more inventory and not the advantage with low mortgage rates but facing higher rates (TD posted rate 5 year fixed 3.24%) and facing the highest inflation since 1980. These 3 factors will end the crazy real estate market that we all thought will never end and bring it back to normality.

Real Exciting news !! Ive partnered with a Real Estate broker in America and I will be owning and operating a Real Estate Brokerage on the Gulf Coast of Florida located in Fort Myers. I will reman in Toronto and run my regular business with an advantage of having access to new product launches and Resale properties for my Canadian Clients for……

1. Relocation (Canada to USA)

2. Investment (ROI and appreciation on Real Property)

3. Secondary Properties ( Vacation and Seasonal homes)

The Goal is to stream line the process for Canadians to purchase through a trust worthy source that lives in Canada and Operates a Business in America.

To have a one stop shop of professionals

Realtor

Mortgage Broker

Insurance Agent

Property Management Company

Immigration Attorney

Corporate Attorney

Tax Account ( Understands both US and Canadian laws)

With the above process I’ll be able to produce real time Investment models with no surprises in additional expenses.

To all my clients in Canada nothing changes for my day to day business here in Toronto I’ll keep you posted going forward