Broker Hughes News

Broker Hughes News I am the Managing Broker for Royal LePage Meadowtowne Realty in Mississauga. I like to think that we are the best team in the industry today.

I love collaboration and sharing anything that I have learned through my almost two decades in the biz.

04/20/2024

I almost missed the 75 Hard today. At 11 PM I got the notification on the 75 Hard app that I had not completed today’s tasks. I completely forgot about the second workout and I was already in bed. I had to get out of bed and go for my walk. Stay hard everyone. Have a great weekend.

03/15/2024

Realty, Realty, Realty, can’t you see?
Months Of Inventory graphs just hypnotize me
And I just love the selling days
Guess that’s why people buy, and a home sale is made

03/08/2024

Long story short; it’s a Seller’s Market out there. No surprising news as we’re now in the Spring Market. There wasn’t much movement in MOI in most area’s over the week and inventory is low in most parts of the GTA.

03/02/2024

Aside form a VERY SMALL increase of condominium inventory in Hamilton Region, we witnessed a decline in Months Of Inventory in both freehold and condo properties in every area we track. To quote Goldmember in The widely acclaimed Austin Powers film franchise, it’s “Toight. Toight like a tiger!”

02/26/2024

With few exceptions, there is still downward pressure on Months Of Inventory across most markets. Aside from a 0.4 MOI increase in freehold units in Central Toronto and a 0.2 MOI increase in Mississauga freehold, most markets saw similar values to the prior week, or a further decline.

When looking at condo MOI, the only markets that had a small increase was Burlington (+0.3)and Toronto Centre (+0.2). All other markets were stable or showed further decline.

We’re also seeing many markets dropping below 2.0 MOI (Freehold: East & West Toronto, Brampton, Burlington, & Milton)

02/17/2024

With few (minor) exceptions, big downward pressure on Months Of Inventory continue in almost all markets. Most markets around us are currently in Seller’s Market territory.

02/09/2024

For the most part, inventory continues to decline from Toronto to Niagara. Some markets did see very slight increases in inventory, but the market is still more active than the same time period one year ago.

02/02/2024

Here’s your weekly Months Of Inventory Update. Quick summary: downward pressure everywhere. Things are really heating up a lot of markets are entering “Seller Market” territory, especially on the freehold properties.

Be careful what you wish for! You wanted more Jeff Borg? You got it man! Jeff was one of our panelists last year speakin...
02/01/2024

Be careful what you wish for! You wanted more Jeff Borg? You got it man! Jeff was one of our panelists last year speaking about how to thrive in a changing market. When I asked him to speak again, he said “YES” before I finished the question. That’s the type of guy Jeff is. Join us as interviews about Geographic Farming. Jeff has cultivated a farm that has made him THE top producing Realtor in Meadowvale Village year after year after year after year….you get it. Let’s just say it was no accident. Now he shares his trade secrets! These should be patented!

Excited about Real Estate, new in the business, or recently finished the Humber College Program? Join us on February 7th...
01/28/2024

Excited about Real Estate, new in the business, or recently finished the Humber College Program? Join us on February 7th at 6:30 pm or February 8th at 3:00 pm for a fast-paced session covering everything you need to know about coming into the Real Estate Business in Ontario and about little-known Scholarships you can apply for. Register at this link:

https://events.ca.indeed.com/event/3f28c611-239e-45ae-99bf-c1155411162c/?from=fbads

01/26/2024

We've seen a lot of downward pressure on Months Of Inventory (MOI) in many regions over the last week. As has been the case for a while now, there is an important distinction between the condo and freehold markets.

The freehold market across Halton Region is currently a Seller's market, particularly in Milton where MOI has dropped down to 1.7. In Peel Region, Brampton is also still under 2.0 MOI at 1.9 followed by Mississauga which dropped down to 2.4 MOI.

The condo market is sitting mostly between balanced and buyer's market depending on the region you are looking at, except for the East End of Toronto which only has 3.5 MOI.

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6948 Financial Drive
Mississauga, ON
L5N8J4

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