Amy Pitkethly Real Estate Sales Representative - Century 21

05/21/2025

Canada’s real estate market is starting to lean in your favour. New listings are up 9% compared to this time last year, and the national sales-to-new listings ratio has dropped to just 45%—the weakest it's been since the 2009 financial crisis. In Ontario, it’s even more dramatic, with activity levels not seen since 1993.

Inventory is also rising. Active listings climbed 3.8% month-over-month, pushing national inventory above 5 months for the first time since 2019. Both Ontario and BC are seeing decade-high levels of supply, with Ontario hitting inventory levels last seen in 2009.

So what does this mean for you? If you’re a buyer, there’s more selection, more negotiating room, and less pressure to compete. For sellers, success means pricing strategically and making a strong first impression.

Let’s talk about what this shift means for your next move.

05/20/2025

Let's talk about how much your home is worth! Request a free report by clicking below.

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05/19/2025

Wishing you a relaxing long weekend filled with fresh air, blooming moments, and time well spent. 🌷🌞

05/07/2025

We could be heading into a stronger back half of 2025, if the economy holds steady and the Bank of Canada delivers more rate cuts this summer. Demand is expected to pick up later in the year, and there’s a real chance 2025 sales could surpass 2024, especially if borrowing costs continue to ease.

That said, affordability remains a major hurdle. Sales per capita are still very low, especially in Ontario, despite clear signs of pent-up demand. According to RBC’s latest report, things have improved since the 2023 peak, but affordability remains far from ideal. In fact, we’re still sitting at levels last seen during the 1989 market cycle peak.

For buyers, opportunity could be on the horizon if rates drop, but patience and preparation will be key. For sellers, growing buyer confidence could mean it’s a smart time to prepare and list while momentum builds.

Let’s talk strategy—whether you're buying or selling.

04/23/2025

Good news for Canadian homeowners and investors: household net worth climbed to $17.5 trillion in Q4, setting a new all-time record! Financial assets jumped 2.0% on the quarter, boosted by strong equity markets and a weaker Canadian dollar.

Real estate assets also rose—albeit modestly—helping Canadians build wealth even as market conditions shift. That’s five straight quarters of gains—but with a softer start to 2025 and home prices dipping in major metros like Toronto and Vancouver, this momentum may cool temporarily.

What it means for you:
If you’re thinking of selling, now could be a smart time to evaluate your equity position.
If you're planning to buy, rising net worth could offer more financial flexibility, especially with falling mortgage rates.
In a market that’s changing fast, understanding your full financial picture is key. Let's explore how your home equity can work for you.

04/11/2025

Did you know? Wage growth in Canada is now nearing 6% annually—one of the strongest levels in 25 years, according to StatsCan. That matters because affordability is starting to improve. With falling mortgage rates, flat or declining home prices, and rising incomes, more Canadians are finally in a better position to buy.

The Bank of Canada’s affordability index showed positive movement in Q4, and while we’re not fully back to “normal,” we’re on the right path.

For first-time buyers, this could be the opportunity you've been waiting for.
For sellers, stronger affordability means a broader base of qualified buyers entering the market.

🔑 The market is shifting—and with the right strategy, it could work in your favour. Want to explore what this means for your next move? Let’s chat.

04/03/2025

Selling your home? 🏡✨ Staging can make a BIG difference! Here’s why it works.

03/08/2025

Happy International Women’s Day! 🎉Today, we honour the incredible achievements of women around the world—past, present, and future. From breaking barriers to inspiring change, their impact is limitless. 💪🌍

02/13/2025

🏡 Did you know? Decluttering before a move can save you serious time and money! Fewer items mean faster packing and lower moving costs. 🧳

02/06/2025