October Market - The Heat is On

The Toronto Regional Real Estate Board (TRREB) released this month’s Market Watch summarizing real estate sales in the Greater Toronto Area (GTA) for the month of October. Highlights of the report indicate that October sales dropped by 6.9 per cent compared to the same month last year. This was largely attributed to a 34 per cent reduction in the number of new listings when compared to October 2020. The reduction in new listings led to tighter market conditions contributing to a year-over-year average price increase of 19.3 per cent.


Month over month, October sales rose by 8.1 per cent across the GTA—the second month in a row to record an increase in sales activity from the previous month. The GTA has not seen consecutive monthly increases since February-March of this year.  Average prices also increased by 1.7 per cent over the same period.


When we break down the numbers by home type and by community we can see where some of the key drivers of this monthly growth occurred.


Mississauga’s condo townhouse market, for example, rose by 6 per cent and average prices for condo townhouses soared by more than 30 per cent when compared to the previous month. In contrast Mississauga’s detached home market slumped with sales dropping 2.4 per cent along with a 2.3 per cent drop in average prices for the same period. The more affordable condo townhouse market rose across most GTA communities.


Toronto’s west end municipalities W08 (Princess Rosethorn/Islington City Centre) and W09 (Martingrove-Richview-Humber Heights) saw detached home sales increase by a whopping 56 per cent and 45 per cent respectively when compared to the previous month while average prices for these detached homes also rose by 2.1 per cent and 8.9 per cent respectively.


However Toronto’s busiest condominium apartment market, C01 (University/Waterfront), recorded a 2.1 per cent drop in sales activity with average prices falling by 1.5 per cent when compared to sales recorded the previous month. Average prices in the downtown condo apartment markets continue to sit below the pre-Covid prices recorded in March 2020.


While the overall numbers show that sales and average prices continue to climb across the GTA the increases are not occurring among all home types and communities at the same rate. It’s helpful to break down the numbers to better understand how each individual market is performing. 


Buy Now, Sell You Later


     For home owners that are planning to downsize, upgrade or relocate, deciding whether to buy first or sell first can be challenging. Making an informed decision requires a good understanding of the existing housing market conditions.


For several years Ontario has been in a strong seller’s market—especially with respect to detached, semi-detached and townhouse home types. This lengthy seller’s market has seen consistent growth in buyer demand, with inventory growth lagging well behind. As a result housing prices have soared.

In a seller’s market it is often best to buy first and sell your existing home later.


Having a home to live in while searching for a new home provides the luxury of a stress-free experience  without the time pressure of making a deal before a looming closing date arrives on an already sold home. In the words of Real Estate Council of Ontario (RECO) Registrar Joseph Richer “you can be confident in having time to find that special home that ticks most or all of the ‘must haves’ on your new home wish list”1. Additionally when you buy first in a strong seller’s market your home may appreciate in value when the market rises in the time between your purchase and your sale. This could mean more money in your pocket than you originally anticipated.


But there are some risks to consider and it’s important to fully discuss these with your Realtor® before committing one way or another. Downward market swings for example can create an unexpected shortfall of funds. The sharp drop in average home prices in early 2017 is an example of a recent downward market swing. Government measures aimed at cooling the market alongside a run on deposits at Home Capital—one of Canada’s biggest subprime borrowers - resulted in a significant drop in average home prices over a period of only a few months in early 2017.2  As a result homeowners that made their purchase right before the downturn were suddenly faced with a “buy high, sell low” scenario leaving some of them lacking the required funds to successfully close on their purchase.


Predicting these types of market downturns or timing the market to capitalize on these changes is challenging at best.


A “buyer’s market” is when there is an oversupply of housing and a shortage of buyers. In a buyer’s market buyers typically have more negotiating power than sellers. In this type of market or in a “neutral” or “balanced” market it is usually best to sell first and buy later.


One of the primary benefits of selling first is knowing exactly how much capital there is to put toward your next home, ensuring you have the required funds to complete the purchase. This is an especially good approach when there are ample properties to choose from with little buyer competition. It’s important, however, to be prepared in the event you don’t find a home before your sale closes. You will need a place to stay while continuing your search.


One of the primary risks of selling first, though, is that you may end up priced out of the market if it swings upward quickly. In April and May 2020 for example many sellers, including some real estate agents themselves, speculated that COVID would put an end to Toronto’s red hot seller’s market and that we would soon be flooded with an oversupply of properties. Contributing to this belief was the UBS Global Real Estate Bubble Index which had Toronto high on the “bubble risk” score 2017 through 2019.However owners of detached, semi-detached and townhouse home types that sold in April and May 2020 were soon faced with a very rapid market recovery and higher average prices only a few months later. It was especially difficult for those April sellers that decided to wait for the market to cool down losing out on a 33% average home price increase only one year later.4 Some of these sellers are still waiting to re-enter the market.


While there is no “risk-free” approach it does help to keep yourself informed on market activity, government initiatives and real estate news. Having a Realtor® by your side advising you on market dynamics may also help to lower your risk. Realtors are often the first to identify the early signs of a changing market. 

June Newsletter - There's Something About May
The Toronto Regional Real Estate Board (TRREB) released this month’s Market Watch summarizing real estate sales across the Greater Toronto Area (GTA) for May 2021. The report highlights that average selling prices hit an “all-time record-high” in May on higher than average sales. However the number of sales was substantially lower than the numbers recorded in both April and March 2021 indicating a slowdown that began after the March peak.  
TRREB president Lisa Patel suggested that this slow-down can be attributed to “the absence of a normal pace of population growth”, which is due in large part to the COVID restrictions on travel and immigration.
Chief market analyst Jason Mercer adds that “while sales have trended off the March 2021 peak, so too have new listings. This means that people actively looking to purchase a home continue to face a lot of competition from other buyers, which results in very strong upward pressure on selling prices. This competition is becoming more widespread with tighter market conditions in the condominium apartment segment as well”
While an overall market slowdown, combined with fewer listings is putting upward pressure on selling prices, these developments are not be happening across all communities and home types.
For example the report indicates that semi-detached and freehold townhome sales were stronger in May relative to April in areas such as Mississauga, Burlington, Milton and Oshawa, bucking the overall trend. The general slowdown in market activity appears to be more pronounced in the detached home and condo apartment segments.
 Average selling prices varied considerably by home type and community as well.
While the average price of a detached home in Toronto’s west-end municipalities W08 (Princess-Rosethorn/Islington) & W09 (Richview-Martingrove) rose by nearly +4% and +9% respectively on lower volume compared to the previous month,  the average price for a detached home dropped by more than (2%) in both Oakville and Newmarket for the same period. 

Declining prices were also seen in the condominium apartment market across many communities including Markham, Vaughan and Oakville. The C01 municipality (University/Waterfront), Toronto’s busiest condominium apartment market, saw average prices dip by more than one percent in May when compared to the previous month.


With the new “stress test” qualifying rate, which took effect June 1st, we may see a continuing slowdown in the market as it will be harder for many buyers to qualify for a mortgage. These changes, whether intended to or not, are expected to have a more prominent impact on first-time buyers who may be forced to consider rental options or purchasing in communities outside the GTA.  Without any significant increases to the inventory of homes available to buyers it’s unclear what impact the stress test will have on the average selling prices in the Toronto area.


May Newsletter - April Reins

The Toronto Regional Real Estate Board (TRREB) released this month’s Market Watch summarizing real estate sales in the Greater Toronto Area (GTA) for April 2021. The report highlights a continuation of record sales in the GTA for the month of April with sales “more than quadruple that from April 2020”.

Understandably though the economic impact of COVID-19 was “arguably worst” in April 2020 causing a major slowdown in real estate market activity so it’s no surprise that April numbers were up very sharply compared to last year.


However the report also notes a –12.4% monthly decrease in sales between March 2021 and April 2021 with new listings also dropping by -8.4%. The report adds that “It makes sense that we had a pullback in market activity compared to March. We’ve experienced a torrid pace of home sales since the summer of 2020 while seeing little in the way of population growth. We may be starting to exhaust the pool of potential buyers within the existing GTA population." 


The report adds that “the average selling price was up by 33 per cent compared to April 2020, but was basically flat relative to March 2021.”


Looking at specific neighborhoods and home types we can see where sales and average price trends are more or less pronounced. Municipalities such as Oakville and Brampton for example experienced exceptional growth in the detached home segment with sales rising +460% in Oakville and +475% in Brampton compared to last April. However compared to last month sales actually fell by  –22% in Oakville and by –16% in Brampton.   Oakville’s average detached home prices rose a modest +1.1% while Brampton’s average detached home prices fell by -3.4% compared to last month.


Sales of detached homes in Toronto’s west-end municipality W08 (Princess-Rosethorn/Islington) rose +326% compared to last year with average prices increasing by an impressive +48% for the same period. However the average price for a detached home in  W08 fell by  –8.1% compared to last month on identical sales volume. 


Neighboring W09 (Martingrove-Richview/Humber Heights) detached home sales were up +383% with average prices rising +35% compared to last year. However month-to-month sales dropped by -9% with average prices squeezing out a modest increase of +2.9%.


Toronto’s downtown (C01) condo apartment market showed some strength last month with average prices exceeding $800,000 for the first time since March 2020 -  a 13 month span. The long and incremental rebound began after average prices fell sharply in April 2020, by more than -18% compared to the previous month.


Although overall market activity has slowed in recent weeks, prices have remained very high. TRREB Chief Market Analyst Jason Mercer has suggested that “the pace of price growth could moderate in the coming months, [however] home prices will likely continue on the upward trend. Renewed population growth over the next year coupled with a persistent lack of new inventory will underpin home price appreciation,”

2020 Real Estate Market Ends on a STRONG Note

January Newsletter - December Stats
Looking back at 2020, few could have predicted the growth of the real estate market amid the COVID-19 pandemic. Government restrictions, altered workspaces and public behavior all played roles in what became a “race for space” with buyers looking outside the downtown core in search of living spaces.
TRREB Chief market analyst Jason Mercer notes that “while the housing market as a whole recovered strongly in 2020, there was a dichotomy between the single-family market segments and the condominium apartment segment. The supply of single-family homes remained constrained resulting in strong competition between buyers and double-digit price increases. In contrast, growth in condo listings far-outstripped growth in sales. Increased choice for condo buyers ultimately led to more bargaining power and a year-over-year dip in average condo selling prices during the last few months of the year.”
For the month of December 2020, sales for all home types across the GTA were +64.5 per cent higher compared to December 2019. And the average price for a home was $932,222 – a year-over-year increase of +11.2 per cent. “The strongest average price growth was experienced for single-family home types in the suburban regions of the GTA.”

A closer look at specific home-types and communities helps us better understand

where these December increases were more pronounced.
For example condominium apartment sales in C01 (University-Waterfront-Liberty Village), Toronto’s busiest condo apartment market, were up sharply with an +86% rise in sales compared to December 2019. Despite the rise in sales the average price dropped -11.5% year-over-year, reflecting an oversupply of condo units relative to demand. The same trend occurred in C08 (Church- Cabbagetown), another downtown condo community, with sales rising a whopping +143%, but average prices dropping -8.7% compared to last year. Condo market activity outside the downtown core in areas like W06 (Long Branch-Mimico) was not as pronounced with sales increasing +47% alongside an average price growth of +3%.
In contrast to the downtown condo apartment communities, detached, semi-detached and townhome communities outside the downtown core continued to see demand outstrip supply in December 2020 resulting in significant average price increases.
Detached home sales in W08 (Princess Rosethorn-Islington City Center) increased +76% in December 2020 with the average price for these homes rising +11% compared to December 2019. Neighboring W09 (Martingrove-Richview-Humber Heights) experienced a +100% increase in sales on relatively low volume (20), with the average prices rising +13.2% compared to December last year. 
Detached homes in communities outside Toronto’s core experienced some of the sharpest increases in average price in December 2020 compared to December 2019. Brampton, Oakville and Pickering, for example, saw sales rise +57.4%, +45.2% and +97% respectively. But it was increased competition on lower inventory that drove prices +15.9% higher in Brampton, +26.6% in Oakville and an impressive +38% in Pickering compared to last year.
Market activity is already well underway for 2021, with existing trends continuing into the early part of January. The success of COVID-19 vaccination distribution will undoubtedly play a role in how the real estate market develops this year.  But working-from-home has also become a well-established reality that may continue to bring high demand for detached homes to the suburban markets outside the downtown core.


My Reflection on Christmas Day 2020 & Lockdown

Yesterday on CHRISTMAS DAY, I woke up early in the morning, I couldn't resist to be the first to take a walk, through the pure White terrain of fresh snow, on Christmas morning. No one Soul was around, and my head started to travel thousands of miles an hour.

Here's Christmas, the Holiest time of the year, let's rejoice, be happy like the old days, when families and friends gather together, to celebrate the Spirit of Christmas.

I also couldn't help questioning the oppression imposed on us, on this Holy day and by Whom? 

The heartfelt of families who couldn't attend Church, or see their love ones, the fear of neighbours snitching on you and calling the cops, if a couple non familiar cars are parked in the driveway. Sad! The fear continues to be inculcated in people's minds. The order is to OBEY or else! The strong minded people are diminishing fast, Evil is present and growing, it would eventually lead to human extinction.

Together, we must call down the grace of God to intervene. The prayers of the good man are very powerful.

If I may paraphrase from the Book Genesis:

God said, 

"Let there be light and there was light. And God saw the light, and it was good; and God divided the light from the darkness.”

Continue looking toward the LIGHT. 

The Good will prevail and evil be defeated.

Vince Tersigni
Royal LePage Elite Realty 

Ontario COVID-19 Lockdown and What it Means for Real Estate

Premier Ford announced a Province-Wide Lockdown starting Boxing Day, from December 26th, 2021 until January 23rd, 2021 for all 27 Southern Ontario Public Health Regions.
The Lockdown has been set up to help save lives and to keep our healthcare framework from being overwhelmed. This is a serious measure which has been taken to protect our citizens and Realtors need to do their part to help stop the spread of COVID-19.
Real Estate is still considered an “Essential Service” and will continue to operate while the Province-Wide Lockdown is in place; however, with Physical Distancing rules. This does not mean that you can continue your day-today business without adhering to these rules:
-Open Houses are banned for the entirety of this Lockdown.
- You must try your very best to not have face to face meetings with your clients unless it is absolutely necessary!
- All things considered, Realtors should work distantly and use innovation such as virtual showings, electronic signatures, and conduct virtual meetings to the furthest degree possible.
Here at Royal LePage Elite Realty, we continue to enforce its normal physical distancing measures: 6 meters apart, masks, and no more than 2 individuals in the office, at any given time.

From everyone at Royal LePage Elite Realty
Merry Christmas & Happy Holidays!

Toronto's Real Estate Prices Continue to Rise

$1.2 Million Buys You an Average Home in the Toronto Area

The Toronto Regional Real Estate Board (TRREB) released this month’s Market Watch summarizing real estate sales in the Greater Toronto Area (GTA) for November 2020. The report highlights that the “record pace of home sales in the fall continued with [sales up] 24.3 per cent compared to November of last year.


While much of this demand has occurred “in the GTA regions surrounding the City of Toronto…the annual single-family growth rates remained robust in the ‘416’ area code as well. “


In contrast to the buying frenzy underway in the detached, semi detached and townhome market, “buyers continued to benefit from much more choice in the condominium apartment market compared to last year, particularly in the City of Toronto. The number of new condominium apartment listings in November was almost double that reported in November of last year. More options in the condo apartment market translated into a small year-over-year decline in the average condominium apartment selling price in the ‘416’ area code”.


Looking at specific neighborhoods and home types we can see where trends are more pronounced. Municipalities such as Whitby and Pickering for example, experienced very strong growth in the detached home segment with sales rising +45% and +47% respectively compared to last November. Average prices for detached homes in these areas also rose sharply, by +23% in Whitby and by +30% in Pickering. On a personal note, a recent sale of a semi-detached Whitby home that I showed my buyer clients garnered 41 offers, selling well over expected value, and reflecting the frenzy underway in the areas outside Toronto's core.


Fully detached homes in Toronto’s west-end municipality W08 (Princess-Rosethorn/Islington) rose +43% compared to last year –  producing more detached home sales than any of Toronto’s other municipalities for the fourth month in a row. However average home prices rose only +4% compared to last November and dropped -4.2% compared to last month – the second month in a row that saw declining average prices in W08.


In neighboring W09 (Martingrove-Richview/Humber Heights) detached home sales were up +39% with average prices surging +52% compared to last year, reflecting a spike in demand for detached homes in these neighborhoods. Average prices also saw substantial increases compared to last month, rising +20% on similar sales volume (25 vs 27 sales).


Con-do or Con-don’t?


In contrast to rising prices for detached homes, many of Toronto’s condo markets experienced a notable drop. In C01 (University/Waterfront/Liberty Village), the busiest of Toronto’s condo markets, average prices dropped nearly -8% despite a modest rise in sales volume. In W06 (Mimico/Long Branch), another typically active condo market, condo apartment sales fell -33% compared to November 2019 and dropped -21% compared to last month. Average prices for condominiums in W06 also dropped -4.3% compared to last year and -1.1% compared to last month.


Despite the drop in condo demand TRREB chief market analyst Jason Mercer suggests this may be a buying opportunity for those with a long-term outlook. “Once we move into the post-COVID period, we will start to see a resumption of population growth, both from immigration and a return of non-permanent residents. This will lead to an increase in demand for condominium apartments in the ownership and rental markets.”

September Newsletter

August Stats


Toronto Regional Real Estate Board (TRREB) President Lisa Patel released this month’s Market Watch report summarizing real estate sales in the Greater Toronto Area (GTA) for August 2020. The highlights of the report note a continuation of July’s strong sales with a record result for the month of August. “GTA REALTORS® reported 10,775 residential sales through TRREB’s MLS® System in August 2020 – up by 40.3 per cent compared to August 2019.”


“Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding GTA regions. It should be noted that the low-rise market segments, including detached and semi-detached houses and townhouses, were the drivers of sales growth. Condominium apartment sales were up on an annual basis for the second straight month but to a lesser degree.”


The increased demand for ownership housing combined with very low borrowing costs and a limited supply continued to drive prices upward with the overall average selling price rising by 20.1 per cent compared to August 2019. “Generally speaking, market conditions remained very tight in the GTA resale market in August. Competition between buyers was especially strong for low-rise home types, leading to robust annual rates of price growth.”


The report added that detached and semi-detached sales growth was stronger in the comparatively more-expensive City of Toronto compared to the surrounding GTA regions. By taking a look at a few select areas and home types we may gain a better understanding of where this growth was most notable.


For example sales of fully detached homes in W08 (Princess-Rosethorn/Islington City Center) jumped a whopping 76% compared to last year - producing more detached home sales than any of Toronto’s municipalities. Additionally W08 saw the average price of detached homes rise 19% compared to last year. By comparison neighboring W09 (Martingrove-Richview/Humber Heights) saw more modest growth with sales increasing by 23% and average prices rising by 15%.


GTA municipalities such as Oakville, Mississauga and Brampton also experienced very strong growth in the detached home segment with sales rising 80%, 49% and 49% compared to last August and average sale prices rising 16%, 15% and 23% respectively.


The strength of the detached home segment was not matched in Toronto’s busiest condominium market (C01 -University/Waterfront/Liberty Village) where sales were virtually even with last year (less than 1% growth) and prices rose a modest 6% from a year ago. Compared to last month (July 2020) sales of condominium apartments in C01 fell by -16%.


The strength of the detached home segments may reflect the ongoing economic and environmental realities in the GTA and around the world. With no clear end to the ongoing COVID-19 pandemic, and with more businesses offering work-from-home options, the considerations of home buyers in choosing their home continue to evolve. A yard, a private entrance and spacious living areas are prioritized over the convenience of downtown living for a growing number of home buyers.

August Newsletter - A Record July!

Toronto Regional Real Estate Board (TRREB) President Lisa Patel released this month’s Market Watch Report summarizing the Greater Toronto Area (GTA) real estate statistics for July. The highlights of the report indicate very strong levels of growth with sales increasing a whopping +29.5% when compared to last July. This is the first month of our “COVID economy” where there has been a significant increase in sales when compared to last year – the numbers represent the best July on record.


The report adds that “growth was driven by low-rise home types, particularly in the regions surrounding the City of Toronto” and that despite a strong rise in new listings overall (+24.7%), it was still outpaced by sales, meaning the supply continues to tighten and prices continue to rise. “The overall average selling price was up by +16.9 per cent year-over-year to $943,710.”


Breaking some of these numbers down by community and home type is helpful in understanding what trends are developing in your specific community, and to your specific home type. 


For example July detached home sales in Oakville, Brampton and Mississauga rose (+31%), (+49%) and (+46%) respectively - well above the overall GTA average highlighted in the report.  Average price growth for these home types in these municipalities was more in line with the overall average highlighted in the Market Watch report with increases of 10%, 15% and 14.6% respectively.


In the West Toronto Municipality of W08  (Princess-Rosethorn/Islington City Center) sales jumped (+33%), but dropped (-7%) in W09 (Martingrove-Richview/Humber Heights) compared to last July. Average prices in W08 continue to rise as well with a (+25%) increase compared to last year. W09 experienced more modest average price growth for detached homes with an increase of just under (+7%.)


Some of Toronto’s typically hot condo markets saw slower growth than many of the detached home markets in July. Sales in the heart of downtown (C01 -University/Waterfront) were virtually identical to last year (-0.2%) and actually dropped -14.7% in W01 (Roncesvalles/Liberty Village). Sales in W06 (Long Branch/Mimico) showed some growth with sales rising 13.8%.


While we’re only looking at a handful of municipalities and home types in this newsletter, the numbers show that rates of growth will vary considerably by community and home type. Areas outside of Toronto’s downtown core are showing stronger rates of growth , and detached homes are one of the home types driving these sales. Several recent news reports that the COVID-19 pandemic is driving home buyers to look outside of the city helps to explain this development. The transformation of the traditional office space and the desire for young families to have more green space may be playing an increasingly important part of home buyer decisions.


The GTA Real Estate Market remains strong,as Ontario is entering to Stage 3 Reopening. TRREB has released the JUNE 2020 housing market sales for the GTA. The numbers indicate a very substantial increase over the previous month. The sales increases a whopping +89%, bringing the sales in line with June 2019. 

The market remains active as Buyers continue to search for suitable accommodations despite Coronavirus Pandemic, and multiple offers on some properties continue. Demand is high and supply is low.
Listings of homes for sale in the GTA is still down sharply compared to last year with -28.8%. The short supply has continued to put upward pressure on prices with average home prices rising +11.9% compared to June 2019.              
The Sharp average price has increase in Oakville and Etobicoke Central.
a) OAKVILLE                             +14.9%
c) TORONTO CONDO.            +5.4%
e) BRAMPTON.                          +10%
TRREB news release forecast continued growth, noting historically low mortgage rates and a gradually improving labour market and are expected to support a recovery in home sales in the second half of 2020 along with sustained year-over-year price growth.

Eglinton Crosstown West Extension!

Granted “Notice to Proceed” in March 2012 by the Minister of the Environment, Conservations and Parks, the City of Toronto and the Toronto Transit Commission’s Metrolinx project between Keele Street to Jane Street as well as the Maintenance and Storage Facility at Black Creek is currently undergoing the EPR(Environmental Project Report) Addendum Review Process.
All proposed changes from the original 2010 and 2013 EPR Addendum fit the criteria under the Environmental Assessment Act.  Changes to the Project include most underground alignment with seven new stations, including elevated stations at Scarlett Road and Jane Street.  The new terminal station at Renforth will be at-grade and there will be six new emergency exit buildings along the underground portion.  There will also be a tunnel boring machine launch shaft to Renforth Station. 
The Project will cut travel times and links to the Union Pearson Express, Go Transit and rail and bus services, TTC bus services and the Mississauga Transitway Plans are being explored. 
Those who wish to provide comments on the EPR (Environmental Project Report Addendum) may do so by July 3, 2020 and address them to the following email:
The complete EPR Addendum Review Process is available on the Project webpage at


My Walk To Streetsville

Who ever thought that the historical  town of Streetsville, founded in year 1821, then in 1974, amalgamated with the city of Mississauga, maintaining its characteristics of a vibrant small town atmosphere, now being shot down due to Coronavirus?
Streetsville train station, “The Go”, a very busy station for citizens to commute to Toronto to the south, and other communities to the North, and now no One Soul around, with a huge empty parking lot. It is sad to see a once vibrant Streetsville Village Square,with all its nice restaurants, boutiques, pubs, recreational facilities and above all that, the  community spirit of belonging, all shot down. Will  this misery ever ends? Sad!!!

Vince Tersigni 

Broker of Record

Royal LePage Elite Realty, Brokerage 
O: 905.629.1515
June 2020


My Adventure Continues!!!


During these 60+ days of lockdown imposed on us by governments due to Covid/19, I have been encouraged to discover various walking trails, along the protected area of the Credit  River. 

This week I extended my continuous walk along the Credit River North from Eglinton Ave to Britannia. 


This stretch of the River contains the "Village of Streetsville”. From a historical point of view, it is considered the most interesting part of the City of Mississauga. Many historical sites and landmarks are worth noting. 


Approaching the village, the first landmark is “The Barber’s Woollen Mill” built by the Barber Brothers. A fire in 1861 completely destroyed the Woollen Mill.   
Years later the Mill was upgraded to Hydroelectricity power, one of the early industrial applications of electricity in Canada, being the main employer of region.  After many successive owners, changes in technology and changes in product, the mill remains a viable industry in the south Ontario region.


The Mill is presently owned by “Ardent Mills (Streetsville Mill)”  The Mill makes many different blends of flour and offers the ideal flours for all traditional bakery and cooking needs.

The Village Streetsville founded  in 1850 is a vibrant town maintaining  its characteristics of a small town, conserving historical buildings, showcasing a unique Village Square, galleries, restaurants, boutiques, salons, pubs and various recreational facilities for all the community and enhances a spirit of belonging are all notable stops along this stretch of the river.  


Continuing towards Britannia along the Credit, I found Streetsville Memorial Park and Streetsville Public cemetery which dates back to 1882. 

Later, I instantly found myself in a Naturalization Zone where the land is kept in its natural state enhancing the corridors and habitats of wildlife and regeneration, trees and ecological vegetation.

I look forward to travelling the river north to the Niagara Escarpment which will take me near Orangeville and Caledon East and continuing to travel south to Port Credit where the river drains into Lake Ontario.

Vince Tersigni 

Broker of Record

Royal LePage Elite Realty, Brokerage 
O: 905.629.1515
May 2020 


This week In my continuous walk along the Credit River, I extended my walk  throughout Riverwood Park trails down to “Credit River in Erindale”, the stretch between Burnhamthorpe Rd and Dundas St. to the south.
This stretch of the Credit River is the jewel of Mississaga,offering great walking trail,mature trees,various wild birds ,picnic area,an enticing mix of pools, pocket water and deep runs. 
It is here fisherman’s lovers love to Fly Fishing. Trout and Salmon fishing is permitted all year around.The migratory rainbow trout is excellent from late February till May, and again in the fall from September till the river freezes.
The main runs of big fish normally arrive in late September or early October, and are joined by significant numbers of Coho Salmon, Rainbow Trout and Brown Trout.
This walk is from Eglinton Ave. to Dundas Rd to the South approximately 15km of walking trails.


Vince Tersigni 

Broker of Record

Royal LePage Elite Realty, Brokerage 
O: 905.629.1515
April 24th,2020.

April By The Numbers *RESENDING*



Toronto Regional Real Estate Board (TRREB) President Michael Collins released the April 2020 Market Watch for the Greater Toronto Area (GTA) this week. As expected, the emergency measures introduced as a result of COVID-19 have continued to have a significant impact on the number of real estate transactions taking place. Looking at all home types across the entire GTA, TRREB reported that April 2020 sales were down by -67% compared to April 2019.

The drop in sales was paralleled by a -64% drop in new listings, which helped to maintain a supply/demand balance keeping the average selling prices across the GTA relatively stable. According to the report the average selling price rose 0.1% compared to last year.  Also noted in the report were the changes in the MLS® Home Price Index, a pricing tool that considers several statistical layers when calculating prices. The MLS® Home Price Index "was up year-over-year by a greater rate than the average selling price suggest[ing] that the share of higher end deals completed in April 2020 versus April 2019 was down."* The "higher-end" deals would otherwise drive the average price upward, and fewer of these transactions would have less impact on the average price.

Once again these numbers represent all home types across the entire GTA. It is helpful to consider specific home types in specific communities to see if the general trends are consistent with what's happening in yourcommunity.

Looking specifically at detached home sales, for example, Oakville sales were down -72%, Mississauga was down -70% and Brampton sales were down -74% compared to April 2019. However the average price of detached homes in all three cities had modest gains of 5%, 4% and 4.8% respectively.

The west Toronto municipality W08 (Princess-Rosethorn/Islington City Center) experienced a drop of -71% in detached home sales compared to last year with an average price drop of -1.8%

And W09 (Martingrove-Richview/Humber Heights) detached home sales were down -76% with only 6 sales in April (compared to 25 in April of last year). Average prices were relatively flat, dropping -1.2% based on these 6 transactions.

Toronto's condominium market also experienced substantial declines with sales in C01 (University/Downtown) down -72% and sales in W06 (Longbranch/Mimico) down -74%. There was additional price pressure on these markets with average price drops of -2.2% and -2% respectively.

While we have seen a sharp drop in transactions throughout April, The Toronto Regional Real Estate Board (TRREB) has predicted that recovery in our industry will begin in the summer and accelerate through the fall as social distancing measures are substantially relaxed and a large number of people return to work from furlough. Home buyers are expected to take advantage of very low borrowing costs that will remain in place to spur economic recovery.

While it is difficult to predict exactly how things will pan out in the coming months, this may be good news for those that are planning to sell their home this year.

In the meantime, stay safe and stay healthy!

  Royal LePage Elite Realty, Brokerage (Independently owned and operated)  
      John Tokatlidis
Vince Tersigni 
Broker of Record

March Market Report


March Madness

March Market Report - A Tale of Two Halves 

Toronto Regional Real Estate Board (TRREB) President Michael Collins released March 2020 Real Estate statistics for the Greater Toronto Area (GTA) earlier today. As expected, the emergency measures introduced as a result of COVID-19 had a significant impact on sales midway through March.

Looking at all home types it was noted “that there was a clear break in market activity between the pre-COVID-19 and post-COVID-19 periods”. While the total sales transactions in March 2020 were up 12.3% compared to last March, the second half of the month was down -15.9%. The report highlights that “the overall March sales... [were] clearly driven by the first two weeks of the month”.

Detached home sales across the GTA reflect a range of growth. Oakville sales were up 9%, Mississauga sales were up 4.6% and Brampton sales were flat with a modest 1.3% growth compared to March 2019. Unfortunately these sales numbers are not broken down by pre-COVID and post-COVID periods. However based on the overall numbers released by TRREB we may conclude that any sales growth is due to a very strong first half of March.

W08 (Princess-Rosethorn/Islington City Center) experienced sharp growth in sales with a 31% risecompared to last year. Additionally the average price of a detached home in W08 was up 28.5%.

W09 (Martingrove-Richview/Humber Heights) sales were up 24% compared to last year with a more modest 7.9% average price increase. Again, we may conclude that W08 & W09 statistics are largely based on activity that occurred in the first have of the month.

Toronto’s condominium market was off to a strong start this March with sales in C01 (University/Waterfront) up 6.5% and sales in W06 (Longbranch/Mimico) up 31%. However activity in the condo market may have experienced even more disruptions than the detached home market midway through the month with some condominiums cutting off visitor access in an effort to limit the spread of COVID-19.

Recent news reports suggest that Ontario residents may be required to continue staying at home and physically distancing themselves for several more weeks. The real estate industry, declared an essential service by the Ontario government, has been making adjustments to adapt to this new environment. While activity has slowed in the COVID-19 world, there are still transactions taking place. But in the words of TRREB president Michael Collins “it is NOT business as usual.” Open houses, in-person showings and face-to-face contact continue to be strongly discouraged.

As your Realtor® it is my responsibility to satisfy an ethical duty to you, while protecting my own safety as well as the safety of my colleagues, clients, and the general public.

Fortunately new technologies have made it possible to balance my duties with everyone’s safety in today’s COVID-19 environment.

“Virtual” contact through Facetime®, Zoom®, Social Media and Virtual Tours are just a few ways to view or show a property from the comfort of your own home. And wire transfers, e-signatures and virtual meetings provide ways to fulfill additional obligations.

Stay Safe, Stay Healthy.
  Royal LePage Elite Realty, Brokerage (Independently owned and operated)  
      John Tokatlidis
Vince Tersigni
Broker of Record

Short Supply + Strong Demand = Rising Prices


Toronto Real Estate Board (TREB) Releases Market Year In Review & Outlook Report 2020. Outlining Experts Consensus and Addressing the Home Ownership Demand that is expected to Remain Strong Throughout the GTA in the coming years.  

    2020 is well underway and the January Market Watch report has arrived. Highlights of the January report indicate that Toronto’s Real Estate market continues to grow. “TRREB President Michael Collins announced that Greater Toronto Area REALTORS® reported 4,581 home sales through TRREB’s MLS® System in January 2020 – up by 15.4 per cent compared to January 2019.”

Furthermore a constrained supply of homes has continued to drive up prices. “The MLS® HPI Composite Benchmark price was up by 8.7 per cent compared to January 2019 – the highest annual rate of growth for the Benchmark since October 2017.” And while the condominium market has been a driving force behind this growth, Collins notes that “all home types experienced price growth above seven per cent when considering the TRREB market area as a whole.”

Locally W09 sales of detached homes were flat year over year (0%) in part due to a low number of new listings (14). The short supply coupled with strong demand did contribute to a rise in the benchmark price of 1-story detached homes (+9.14%) and 2-story detached homes (+9.07%) across the W09 communities.

W08 experienced sharp growth in sales (+17.6%) on relatively low volume (20) compared to last January. Similar to W09 the sharp decline in new listings compared to last year coupled with strong demand contributed to notable increases in the benchmark prices including a +10.46% price jump on 2-story detached homes and +4.97% price jump on 1-story detached homes.

According to Collins. “It is clear that many buyers who were on the sidelines due to the OSFI stress test are moving back into the market, driving very strong year-over-year sales growth in the detached segment.”

South Etobicoke’s Condominium market saw some of the GTA’s sharpest benchmark price increases in areas like Mimico where benchmark prices jumped +14.95% and Long Branch where benchmark prices rose +12.72%. These increases are due in part to a sharp drop in active listings compared to last year (-34.2%) combined with a strong demand for condominiums in these communities. 


John Tokatlidis 
Vince Tersigni

Click Here for More Information!!!


How to Price Your Home for a Successful Sale

There are a wide range of tools a Realtor® may use to market and sell your home. But in the words of 40-year veteran realtor Elizabeth Weintraub ( “the single most important factor to consider when you're selling a house is that you've priced it correctly.”

So what does it mean to price it “correctly”? It may mean different things to different people. But the common goal is to get the highest and best offer for your home – so one must price accordingly. And whatever that offer is, you want to make sure it meets or exceeds your home’s true market value.

The first step, therefore, should be to accurately determine what the market value is. Weintraub adds that “pricing homes is part art and part science. It involves comparing similar properties, making adjustments for the differences among them, tracking market movements, and taking stock of present inventory—all in an attempt to come up with a range of value, an educated opinion.”

This means more than simply looking at recent sales in the neighborhood and coming up with a similar price. Experience, research and statistical analysis all play key roles in coming up with a good “range of value”.

Statistical analysis, for example, can help fine-tune the value range and the Toronto Real Estate Board (TREB) monthly report is a great statistical resource. The report provides a wealth of information, including benchmark pricing statistics that highlight prices by the month, year, home-type and community they sold in (see my Home Price Index (HPI) newsletter for more info on this). Let’s say, for example, the benchmark price for 2-storey homes in the Princess-Rosethorn community has increased 5% over the last 6 months. With this information any comparable property that sold 6 months ago should be price-adjusted to reflect this increase.

Additionally, experience (and success) in establishing home values helps us estimate other value adjustments. When comparing a 2500 square foot house to a 3000 square foot house – what is the value adjustment? What about a pool verses no pool? The more we do to account for these adjustments, the better the results will be.

Once a value range is determined, the next step is to establish a selling price. This is where things can get tricky. The emotional attachment sellers have to their homes can impact the perceived value. After all, as Angela Colley of remarks, “it's your home, crammed full of memories, hopes, and dreams - and all that stuff can cloud your thinking and lead you toward the wrong price.”

Despite what the research may show.

And coming up with the “wrong price” has consequences.  Colley continues “shoot too high, and your home could languish on the market for months and maybe not sell at all. Price it too low and you could bilk yourself out of a whole lot of dough.”

Many experienced agents will agree that pricing your home higher than market value may have serious consequences. According to Weintraub “you don't want to overprice the house because you're going to lose the freshness of the home's appeal after the first two to three weeks of showings. Demand and interest wane after 21 days or so.” She warns that “uninformed sellers often choose the listing agent who suggests the highest list price, which is the absolute worst mistake a seller can make.” There is no shortage of sellers who, unfortunately, have terminated or expired their listing after months on the market due to overpricing. Once you’ve gone too high, recovering from this can be challenging.

Many will argue that the best approach is to just price it low– and the market will determine its value. Set up an offer day – wait for all the offers to come pouring in, and pit the buyers against one another to squeeze out the highest price – a bidding war. However, according to David Fleming of there is the possibility of “pricing too, too low and it’s completely backfired on the sellers that should have never entered the fray in the first place….many buyers out there in today’s market don’t want to play games…”.

Additionally, low-low pricing attracts a lot of bargain-hunters and many of the bids (if not all of them) will come in below market value – even if they’re above the asking price. A seller may take the highest of these bids not knowing it’s still below the home’s value range.

Low-low pricing does provide a great marketing opportunity for savvy agents though, so don’t be surprised if they push you toward this strategy. After a successful sale they may advertise that they sold your home “Over Asking” in an effort to brand themselves as agents that will get you more for your home. But in many cases the properties were priced well below market value to begin with.

So what is the right move here?

Pricing your home at or just below its market value is an attractive option. Once you establish this price you may still need to make minor adjustments based on market conditions. It’s important to know what similar homes are selling for in the area. It’s also helpful to consider the buyer experience when fine tuning the selling price. Let’s say, for example, you come up with a price of $1.2 million – this is the established market value. Consider that buyers searching online have set parameters that they are working within – and if the top of their range is $1,199,999 – they won’t see your property at $1.2 million – it will be as if it doesn’t exist. So a small adjustment to grab their attention – say a drop to $1,195,000 – can suddenly draw a lot more attention – and a lot more buyers. And if comparable homes in the community are priced higher than yours – this makes your property even more attractive to the buyers out there thus increasing the chances of a multiple offer situation for your home.

But before agreeing on a price it’s critical to come up with the value range first in order to know if the offers you receive are in line with what the value is. Make sure you see a Comparative Market Analysis (CMA) so that you can see the research and the science behind pricing your home.

Thinking selling in the upcoming Spring market? Start planning now!
Contact me to today to see a CMA of your home.

Like to read past newsletters? Visit: for more!

Expect House Prices to Rise in 2020 in the GTA 
Toronto Real Estate Board President Michael Collins has released this month’s Market Report highlighting November 2019 housing statistics for the Greater Toronto Area (GTA).

The highlights of the report indicate a 14.2% increase in sales [volume] across all home types, year-over-year. Further the report notes a substantial drop in active listings (–27,2%). Fewer active listing contrasted with an increasing demand for homes has pushed prices upward. According to the report “the average selling price increased by 7.1% year-over-year.

While the highlights of the report indicate that sales were up year-over-year “across all major market segments”, a closer look at the various communities and home-types throughout the GTA tell a more detailed story.

For example November sales of detached homes in Mississauga jumped 20.1% year-over-year, with the average price of these homes dropping approximately (-1%). Similarly sales of detached homes in Oakville rose a whopping 42% year-over year while average prices for these homes dropped (-2.7%)

In contrast detached home sales in W09 (Martingrove-Richview/Humber Heights) saw sharp declines year-over-year coupled with rising prices. Sales of detached homes dropped (-28%) in W09 while prices rose 4.8%.
Similarly W08 (Princess-Rosethorn/Islington City Center) sales of detached homes dropped (-6.1%) with average prices rising 14.4%.

Looking at condominium units in downtown Toronto (C01) we also see a drop in sales of -(8.7%) with prices rising 8.2%

What do all of these numbers mean? And how do they help us understand the Market Watch report?

One clear takeaway from these numbers is that volume and price growth are not consistent across all areas, and all home types. The numbers further suggest that buyers of detached homes are increasingly moving to areas outside the city, where prices have remained somewhat stable. Michael Collins shows some support for this observation noting that "many buyers may have likely adjusted their preferences, changing the type and/or location of home they ultimately chose to purchase."

While some of Toronto’s popular suburban communities, like W08 & W09, are seeing prices rise, they’re not seeing an increase in new buyers. In contrast to the highlights of the report communities in these municipalities are seeing a significant drop in sales volume of detached homes. 

An in-depth analysis of this and past reports further suggest that the GTA real estate market is increasingly varied depending on where you live, and what type of home you live in. A better understanding of this variation may be helpful in deciding where to live, and what type of home to invest in.
Interested in learning more about the real estate market in your community? Feel free to contact me with your questions anytime.

You may also access my past newsletters on my blog page! Visit 


Royal LePage Survey Key Highlights:

Canadian newcomers projected to make 680,000 home purchases over next five years.

82% of newcomers choose to stay in their first city of residence

75% of newcomers arrive with savings to help purchase a home

75% of newcomers do not consider moving to the United States prior to arriving in Canada. Number one reason cited is newcomers feel more welcomed as immigrants.

Click Here For More Information


Toronto is now the world's second most overvalued property market: UBS

Toronto has emerged as the world’s second most overvalued housing market on the back of low rates and supply shortages, according to UBS AG’s annual global real estate bubble index. Vancouver was sixth in the Swiss bank’s 2019 index. Financial Post reports!


#financialpost #rlpeliterealty #vincetersignirealtor #torontorealestate #realtor #realestate #gta

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Ontario's Broken Real Estate Disciplinary System

As real estate professionals, your clients are relying on trust, integrity and professionalism as you guide them through the largest financial transaction of their lives.

So when a real estate professional breaks the rules, they are violating the trust of Ontario’s consumers and undermining the hard work and dedication of REALTORS® like you.

Ontario’s REALTORS® have had enough: it’s time to fix the province’s broken real estate disciplinary system. 

That’s why earlier this week, I wrote an open letter to the Honourable Lisa Thompson, Minister of Government and Consumer Services, asking her to take action. Individuals whom have been found guilty of serious ethical violations and illegal activity should have no place in the real estate profession.

OREA is calling for three key changes to fix this serious problem:

  1. Give RECO the authority to revoke and suspend the licenses – so they can kick out people who break the rules of the profession.
  2. Eliminate any financial incentive for bad behaviour by forcing rule breakers to pay back any income they made through unethical means.
  3. Provide RECO with clear legislative power and greater authority to proactively investigate violations under REBBA and its Code of Ethics.
If implemented, these three changes would send a powerful message that Ontario REALTORS® will not tolerate unethical activity in such a critically important part of Ontario’s economy.

Since the release of the letter, we have gained considerable attention from a variety of media outlets highlighting our plan, including:
OREA and our Board of Directors refuse to stand idly by while a small number of bad actors take advantage of consumers and besmirch the reputation of tens of thousands of hard-working real estate professionals like you.

Market Watch: June 2019


From June 2018 to June 2019 there has been a 10.4% increase in sales. June 2019's sales added up to 8,860 while active listings were down by 5.7% and active listings were relatively the same as last year. 

“As I start my term as President of the Toronto Real Estate Board, I am proud to say that the Greater Toronto Area continues to grow, in terms of employment, population and overall diversity. As people are attracted to our region from all around the world, they obviously need a place to live. Over the next year, as demand for ownership and rental housing continues to grow, my hope is that we will see more movement from policy makers on two fronts: alleviating the constrained supply of housing and providing more flexibility around demand-side policies, including the OSFI two percentage point mortgage stress test and allowable amortization periods on insured mortgages,” said Mr. Collins.

 $832,703 was the average sale price of June 2019 which was up by 3% compared to last year's average of $808,066.  

Click here for a detailed review of Market Watch 2019

​Meet two Royal LePage Real Estate Realtors who refuse to slow down! Both over 90 years young!

Daniel Gargarella with  Royal LePage Elite Realty 95 years young in Toronto, Ontario!
Harry Backlin with Royal LePage Prince George, Vancouver. 90 Years young!
Both refuse to slow down! Real Estate is their passion!
Daniel Gargarella featured on Real Estate Magazine (REM) May Issue.             
Celebrating his 95th birthday and 60 years as a Realtor – First as a salesperson in the Toronto area and 55 years as a Broker of Record “Daniel Gargarella Real Estate Ltd.”
He was recognized at Realtor Quest in Toronto on May 28th, 2019, as the longest standing active member of the Toronto Real Estate Board (TREB).
Harry Backlin, with Royal LePage Prince George Realty at 90 says “Here I am today: I’m in good health, my cell phone is available seven days a week, I love what I’m doing and I will not stop promoting Prince George because everything you could ever want is here in town. Before joining Royal LePage Network, he worked for Century 21 Coldwell Banker.

Click Here to Read More!

95 Years Young, Mr. Gargarella’s Career in Real Estate

May 3, 2019

Our Agent, Daniel Gargarella has a long and successful career in real estate extending over his 95 years and we are so proud to have him as one of our veteran agents.
This month, Mr. Gargarella has been featured in REM Magazine, highlighting his extensive career in selling & buying in real estate as well as being a member of the board of directors. He has served in many capacities in the Toronto Real Estate Board, such as board of directors, arbitration, professional standards committee, & mls. In addition, he was the organizer of the 25 years dinner year after year.
At 95, Mr. Gargarella is still an full time and active agent at our Brokerage. To learn more about his career please check out the article linked below!



Vince Tersigni

6:06 PM (34 minutes ago)
to me
Home buyers chasing the market, sitting on the fence or waiting for the market to crash in 2019!  It’s a losing proposition! l, say think again.
Here’s a few facts… New home construction has almost come to a halt. The existing inventory has been sold out, fewer units are about to come on stream this year, 2019!
Municipalities, Regions, Provincial and Federal Governments continue with their thirst for money. There is no sign to relax regulations any time soon,exiting exuberant levies,   interference with free market with new regulations such as:Stress Test,non residents tax and various other fees,just to name a few.
This is putting  pressure on the Re-sale Market, fewer and fewer homes will be available for sale. As a result the prices will remain stable or will have a moderate increase.
If you are in the market, considering buying a home for your family do not procrastinate! Real Estate! Royal LePage Elite Realty...OF COURSE!!!      

Linda Cordiano – Top Number of Ends for The Month

The most satisfying aspect of a career in Real Estate is matching client and property in unique ways. As a resident of Toronto, Mississauga and now Oakville , I has been servicing the GTA for many years. Throughout these years, I have brought high-energy, tenacity and unsurpassed professionalism to every real estate transaction. I take pride in guiding my clients through the intricacies of real estate purchases and sales. I offer timely and insightful advice on current market activity and provide constant communication to all my clients. Listing or buying with me will provide you with access to my vast network of attorneys, mortgage brokers, architects and designers, home stagers, renovators, and building inspectors to assist with all stages of the real estate process. I also employ the services of a dedicated marketing team whom assist me with every transaction. I look forward to working with you...Call me today.

Kealy E. Wharram - Top Seller For The Month

Buying or selling a home is a big decision - you need an experienced professional to guide you through the process. When you work with me, you can count on personal, attentive, patient service, excellent knowledge of the area, great negotiation skills and expert selling strategies.

Kealy E. Wharram - Top Lister For The Month

Good Wishes For 2019

As approach the new year, I’d like to express our gratitude and appreciation to all our sales associates and supporting staff.The Success Of Royal LePage Elite Realty, year after year is because of you . We Thank You.

Let’s start the new year believing there’s a winner in You.You are created to be successful,You have a Greatness in You. Let’s not dwell on the past,no matter what we have or what we have failed to do, the best days are in front of us.Have a wonderful year.

Make the year 2019 the best year ever!!! 









- Vince Tersigni

Broker of Record

Royal LePage Elite Realty

January Home Projects

With the holidays over and midwinter setting in, the month of January provides an opportunity to refresh your home and make plans for the year ahead. Here are a few projects you can tackle in your home this month to set you up for healthy home habits in 2019:
Do a post holiday cleanup: if you haven’t already, pack up the holiday decorations, and give your home a thorough cleaning. Find homes for things acquired over the holiday season.
Organize: take some time to go through different rooms in your home one at a time. Get rid of any old or unused items by donating, selling, or passing down to others.
Create a space for indoor exercise: if being active was on your resolution list, carve out space in your bedroom or rec room for a yoga mat and some weights. This may help motivate you to be active when the weather is bad, or it’s just too cold to get outside!
Give your fridge a makeover: in the same vein as being active, go through your fridge and get rid of any tempting items you know you should resist. Stock your fridge with healthy snacks, fruits and veggies.
Get inspired: whatever your home improvement related goals may be, use downtime this month to do some research on paint colours and design. Make plans and a schedule in order for you to work on your home throughout the coming months.
Plan your garden: making plans and sketches for your spring and summer garden now may help you get motivated in a few months’ time.
Whatever your personal and home goals may be for 2019, January is the opportune time to get started. Don’t forget to take a cue from Mother Nature, and use some time to rest, relax and get cozy in your home as well. Happy New Year! 

Vince Tersigni

Broker of Record

Royal LePage Elite Realty

What to Consider Before You Buy

It’s no secret that buying a home is a huge investment- for many it will be the largest purchase they ever make. With this in mind, it is important to consider many different factors as you begin the search for your dream home. Here are just a few things you may want to keep in mind:

Think about long term plans. While you probably don’t have a crystal ball, consider the following questions: do you see yourself staying in your job for a long period of time? Do you want to stay in your current city long term? Will you have any children? Depending on your mortgage and the market at the time you purchase, you may not pay down any significant equity on your home for upwards of five years, and if you can’t see yourself living there for longer, it may not be the right house for you.
Can you afford this house? Many house hunters are tempted when a home comes along that seems so very perfect, but is above their price range. It may seem easy to justify spending more than you can afford on a house you’ve fallen in love with, but this might have ramifications down the line if life circumstances change (and trust me, they can). Just because you have been approved for a certain mortgage, does not mean you should actually spend that much.

Look beyond the surface. Repainting a colour chosen by the previous owner is easy, but what about larger upgrades- appliances, HVAC, roofing and so on, that you may need to invest in shortly after you buy your home? Aside from base costs, don’t forget to factor in labour. It is important to factor in all of these potentially foreseen costs when you decide to make an offer on what could be your new home.

Finally, another element to keep in mind when you begin your house hunt is finding the perfect realtor to help you on your journey. Contact us today for more information on the home buying process, and to get started! 

Vince Tersigni

Broker of Record

Royal LePage Elite Realty

Meeting The Honorable Stephan Harper At OREA Conference Toronto!

The Honorable Stephan Harper was the 1st Canadian Prime Minister after the merger of the Progressive Conservative Party of Canada with Canadian Alliance of which he was the architect. The first elected prime minster of 2008 leading a minority government for a duration of 2 years. 2011 he was reelected with a majority until 2015.

In his book, Right Here, Right Now, Harper points out how leaders in business and politicians refuse to respond to matters of interest to citizens. Politicians/government officials are quite content with the status quo, refusing to concede the need for any change. While the left advocates radical changes are geared toward more socialism.

 The book explains how social and public policy trends have affected our economies, communities and governments. The elections of USA President Donald Trump is not a fluke or surprise. He clearly responded to the citizens thirst for change, with a governing agenda. This clearly signals that political, economic and social institutions must be more responsive to the citizens’ concerns. Responding to market policies, globalization influx of the illegal immigrants and taking care of their own people.

This was a great read! 


Vince Tersigni

Broker of Record

Royal LePage Elite Realty

Long Distance Moving Tips

Moving within the same city is no light task, let alone moving to a new city or province. We’ve gathered some tips to help ease the process of long distance moving here:
Start with a plan: set out a budget on how much you want to spend on the move, and determine if you will be hiring movers to move all of your belongings, or if you will be transporting some of your things with a rented truck or your car. Will any friends or family be helping you? When budgeting time, don’t forget to factor in how long you will need to move things on your own.
Pare down: part of any move is culling your things, but if you are moving out of province, costs associated with the move itself can easily get out of hand. Figure out the essentials of what you want to keep, what you can replace once you get to your new home, and what you just don’t need any more. Selling furniture and other used items on Craigslist or Kijiji is a good way to help fund your post-move purchases.
Research your movers: choosing a reputable cross-country mover is important to reduce the risk of damage or loss, and to ease your peace of mind. Find the mover that is right for you by asking questions such as the ones on this Consumer Checklist for Choosing a Moving Company from the Government of Canada website.
Pack an emergency bag: moving across the country or province can sometimes bring with it delays, so packing an emergency back with any essentials you can’t go without is important, just in case your things take longer than expected to arrive at your new home.
Make sure you’re move-in ready: ensuring that you’ve transferred your utilities and home services like internet and cable will help the move-in go as smoothly as possible. 
Moving can be a stressful time, but if you plan ahead and do your research, your stress will be lessened and your move will (hopefully!) go as smooth as possible. If you are looking to relocate to the Greater Toronto Area, give us a call today to start the search for your new home!  

Vince Tersigni

Broker of Record

Royal LePage Elite Realty

Mortgage Mistakes You Should Avoid

Financing is a crucial part of the home buying process. Often overwhelming and confusing to first time home buyers, it is no wonder that many take an “ignorance is bliss” approach. While it can seem scary, the reality is that the better you educate yourself, the more successful your home financing will be. Here are a few common- and costly- mortgage mistakes you should avoid:

Creating a budget and a plan is instrumental. As a home buyer, you should have a clear idea of your financial needs, and always think ahead. Even though rates may be low now, they will likely rise, and you don’t want to be stuck not being able to afford payments in the future.

Alongside this, do not necessarily choose a mortgage based on the lowest interest rate offered. Even though this approach is appealing on the outset, it may not be in your best interest down the line. You should also consider other factors like pre-payment options and penalties if you want to pay it off early.

When it comes time to renew your mortgage terms, do your research and see if a different lender has a better package available for you. Check out interest rates online, and speak to your bank to negotiate.

Above all, educate yourself and don’t be afraid to ask questions. A clear understanding of all that a mortgage entails will set you up for success!

Vince Tersigni

Broker of Record

Royal LePage Elite Realty

What to Expect at Your Home Closing

Once you’ve gone through the majority of the home buying process, the last thing that will stand in your way is the closing. So, what is a closing, and what can you anticipate happening there?
The closing is where you will sign the documents related to the sale, and where you, as the buyer, will sign the paperwork to finalize the mortgage you are taking out. A closing is usually run by a closing agent, who is hired by the buyer or buyer’s mortgage lender.
Generally, all parties involved will be in attendance- this means the buyers, sellers, closing agent and real estate agents. If the home will be in more than one person’s name (for example, a husband and wife), both or all people should be there to sign. Some choose to invite personal attorneys, or other advisors as well.
A closing typically takes place at the closing agent’s office, the mortgage company, or at the office of one of the real estate agents involved in the sale. A closing may take between 30 minutes to an hour, where you will sign what may seem like a mountain of paperwork! A good closing agent will explain each document before you sign.
You should make sure to bring government-issued photo ID, and a cashier’s check or wire transfer to submit the down payment. Your real estate agent or the closing agent will be able to provide the exact dollar amount for the check in advance, but you should also remember to bring your regular checkbook just in case there are any unforeseen changes.
For more information on the home buying process, contact us today!


Vince Tersigni

Broker of Record

Royal LePage Elite Realty

Tips for a Stress-free Renovation

Renovations of any size can be a big undertaking, and, understandably so, can lead to much stress. So often, a renovation will go over budget and over time, unforeseen delays will arise, and decisions on colours and finishes can sometimes seem impossible to make. Here are a few tips for making your home renovation as stress-free as possible:

Do your research: have a clear plan of what types of changes you are looking to achieve in your space, and what exactly is involved in the projects. You may want to consult with a designer, and perhaps even call in a home inspector in order to get a clear idea of any challenges that may be to come. If you are renovating in anticipation for a sale, be sure to talk to your real estate agent to ensure the changes you are going to make will benefit the sale of your home.
Work out your budget: calculate costs, and also factor in time. If you are going the DIY route, though you may save money, you will have to dedicate time and energy into your reno that you may not have to if you hire contractors and designers. You may want to consider hiring just for professionals for certain projects that require a bit more skill or specialization.
Don’t rush through the prep: while you may be excited to see the finished results of your hard work, the preparation that goes on before the finished product begins to take shape is incredibly important. You will thank yourself later!
Renovate with the future in mind: it’s easy to get caught up in trends when renovating, but don’t forget to think of the long haul. Will you- and your potential future home buyers- still like these finishes and design elements a few years down the line? When in doubt, think classic.
Don’t forget to also have a little fun while you are in the midst of your renovations. Reduce the mid-reno stress by taking time to relax with your family and make the most of your compromised space. With a little patience and hard work, your vision will soon be reality!

Vince Tersigni

Broker of Record

Royal LePage Elite Realty

REAL ESTATE...Don’t Expect Home Price Plummeting in 2019!!

Canadian Real Estate Association (CREA) reports Home Sales in 2018 down by 11.1 %. CREA also predicts another 0.5% in 2019 year.

Here are a a few facts… New home construction has almost come to a halt. The existing inventory has been sold out, and fewer units are about to come on stream this year, 2019!

Municipalities, Regions, Provincial and Federal Governments continue with their thirst for tax money. 

There is no sign to relax any regulations: Exiting Exuberant levies, Market’s Interference, Stress Test, Non Residents Tax, Land Transfer Tax, just to name a few...

This is putting  pressure on the Re-sale Market, and as result fewer and fewer homes will be available for sale, and at worst, house prices shall remain stable  with upward pressure of price increase in 2019.


Government intervention in free market with draconian politics has caused considerable damage in general, and specially to those first timer buyers where policies were designed to help and practically eliminating any hope to own a home any time soon. 

Where are house’s price heading to in 2019? 

Supply and demand will be the key indicator!!! #royallepageeliterealty #rlpeliteblog #realtorrlpelite #commercialrlpelite #vincetersignirealtor 

Vince Tersigni 

Broker of Record 

Royal Lepage Elite Realty

40% Job Loss Within 15 Years, Are you Ready ?


Allow me to start of by saying I love people, all kinds of people.  People inspire me, motivate me, teach me, and elevate me to new levels.  This is why it troubles me to learn that venture capitalist Kai-Fu Lee, predicts that artificial intelligence and automation will erase 40% of the jobs people hold within the next 15 years, so do an acceleration of automated technology.
This means that not only are people with blue-collar jobs but those with white collar jobs are at risk of losing their positions to robots. 
AIl can and will be replacing your doctors, lawyers, accountants, social workers and teachers to name a few.  Do you find yourself chatting with your Uber driver, bartender, wait staff or store clerk?  Enjoy it while it lasts because these are just a few of the jobs that will soon be outsourced or will disappear all together. 
Most people just sit back and wait for government restructuring.  They figure the solution will come from above, but it isn’t happening.  Rather than preparing for this epidemic, the government is creating policies and allowing more people into our country.  People are coming illegally and on mass.  Illegal immigrants/refugees destabilize countries.  We, citizens are left with a diminished standard of living.  There will there be no jobs waiting, there will be no jobs to create. 
With the absence of jobs, where will all of these people live?  Who will house them?  Who will pay for them to live, to eat, to educate themselves and their children?
Artificial intelligence will fill the job market and leave these people -and us - the responsibility of a government so in debt, it is astounding!
The “have not” countries must start to rebel and fight the totalitarian regimes in their own countries.  History of nations teaches us that only its people can bring change.  Rather than fleeing and making their problems, our problems... unify!  Stand up!  Demand change!  This is the type of aid Canada should be providing to people from these nations. 

Just running for a border isn’t the way to win a race!

Vince Tersigni 

Broker of Record 

Royal Lepage Elite Realty

The Perks of Downsizing for Empty Nesters


The Baby boomer generation is a big one, and in the last few years many of these Boomers are finding themselves with an empty nest, leading many to consider selling their family home and downsizing. Moving to a smaller home, might not be the answer anymore. You must take into consideration the market condition of present time. Price of a smaller home is not advantageous . Difference is minimal. This leaves not much disposable income. It’s a big dilemma. According to the National Post, a 2007 survey by the RBC showed that 33% of Canadian homeowners who are planning to purchase a new home in the next two years planned on downsizing-a big leap from just 19% of homeowners in 2002. This same survey in 2014 showed that 82% or respondents over 60 years old preferred a location-efficient home, one that is close to transit and amenities. Which typically means a smaller home closer to the city center.
Proximity to cultural amenities, sports facilities, restaurants and local shops might be one reason for Baby Boomers to consider downsizing once their kids have left the nest, but there are many other enticing perks that come with downsizing. Here are just a few:
Smaller house = smaller monthly expenses: By selling your home and downsizing to a smaller house or condo, your monthly expenses will also decrease. Utility bills,  upkeep, insurance and taxes will shrink with your smaller abode. Not only that but chances are your mortgage will decrease as well. If you’ve lived in your family home for many years, you will have possibly built up a sizable home equity which, when cashed out, will positively affect your new mortgage payments.
Upkeep toned-down: A smaller home means a smaller, yard, and a condo, rental apartment, or townhome means maintenance is included in your monthly expenses. Keeping a garden is nice, but imagine a life with minimal to no shoveling, mowing and general outdoor upkeep…
Smaller space, less stuff, a cleaner mind: It can be said that the more things we own, the more our things own us. One given that comes with downsizing is the necessity to cut down on your things. A smaller home could mean not only pared-down possessions, but also potential for a cleaner mind and attitude.
Downsized home, upsized lifestyle: As the 2014 RBC survey suggests, many Boomers are choosing to downsize in order to live in a more desirable location. A condo or townhome located downtown means you’ll be closer to as many amenities as you could want or need, and hopefully your downsize means you’ll have an increased budget each month to enjoy them!
SELLERS – are you thinking of downsizing? What are some of your deciding factors?

Vince Tersigni 

Broker of Record 

Royal Lepage Elite Realty

Prediction Commercial Lease Properties Upper Swing in 2019 !!!!

It is very easy to get caught up in following and analyzing the exciting trends of the residential resale market but rather than invest all your time and money solely into residential property, why not invest in commercial?

Let’s discuss the commercial real estate market results for 2018 in terms of lease space. According to TREB’s MLS system in 2018, the commercial real estate market is thriving due to the increasing amounts of job creation in diverse sectors. In result, the employment rate remains relatively low. TREB’s specialists claim that because of the growth, firms continue to gain prospects and the amount of space being leased is increasing.

From 2017 to 2018, there was an 8% growth in leased industrial space, a 6 % growth in leased commercial and retail space and finally a 20 % growth in leased office space. It is clear that leasing of commercial buildings have increased yet in contrast the sale of commercial property has dipped. A large portion of commercial space comes from industrial markets and 73% of commercial space leased has been dominated by industrial use.

The average rate in which the industrial space has increased  in leased property annually & consistently, is 7.7% each year. This rate of growth shows that the market in the GTA is strong and industries are continuously gravitating toward investing in the Greater Toronto Area. Other factors such as the Canadian dollar being inferior to that of the United States means for an attractive market for other countries buyers’ to invest in industrial firms in the GTA for sales of goods abroad.

The commercial/retail space has also experienced an increase, this suggests that the retail operations are continuing to see strong growth within the gta.

It is still too early in the year to report the results of the commercial leases for 2019 but it appears to be promising. 

Vince Tersigni 

Broker of Record 

Royal Lepage Elite Realty

*** All statistics and facts taken from “Market Year In Review & Outlook Report – Envisioning Housing Options & Supply For Livable Communities 2019” by the Toronto Real Estate Board. *** 


Sharing the Love: Baby Boomers and their Inheritances

A few weeks ago we looked at Baby Boomers downsizing to live a more affordable, scaled-down way of life. Another trend with this age group that has arisen in the last few years is the transfer of wealth from these Boomers to their children.   

A common goal amongst many Baby Boomers is to provide better for their children than they had growing up, much like their parents before them. These success-driven Boomers are passing along inheritances, and one obvious choice of investment for their children is real estate. Though the “inheritance boom” that was once talked about may or may not be such a real thing, more and more Millenials are getting help from their parents, whether it be through a downpayment for their own condo, or funding from mom and dad for a rental property to help generate income, and reinforce responsibility and work ethic in their children.

According to this 2014 report by the Council of Economic Advisors, coming into adulthood in the great recession means that, on their own, fewer Millenials will be home owners than the young adults of generations past. Alongside this, Millenials have a closer family bond than past generation- it is no wonder their Boomer parents are choosing to share the spoils of their successful careers.

 Click here to see an infographic on Gen-Y and their relationship with real estate, and for more about Millenial home buyers, see here.  

This Weekend’s Grand Opening: Bolton’s Newest Community!

By Marycroft Homes

This Saturday, Sunday, and Monday from 12pm to 5pm you are invited to view the newest homes in much sought after Bolton West. There are 14 spectacular semi-detached homes available that have been built by Marycroft Homes in this great community. The show homes are all built and ready for you to see and touch. All homes have a number of upgrades already included for which other builder’s charge thousands of dollars… These are all included in your price! Upgrades like 9ft ceilings on the main floor, hardwood floors, granite/quartz countertops, modern gas linear fireplaces and so much more!