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🔑 Buy smart. Invest solid. Build your future with JKV.
🔑Specializing in Commercial & Residental Real Estate
🖌️Sotheby’s International Realty Canada

12/10/2025

NOVEMBER 2025 MARKET UPDATE ✨

The market is shifting, and the numbers reveal a story of opportunity and recalibration across the GTA.

📉 Sales dipped 15.8% year-over-year as many buyers continued to wait for more economic certainty.
📉 Average prices softened by 6.4%, sitting at $1.039M, while the benchmark price fell 5.8%.
📈 Active listings rose 16.8%, bringing inventory levels to healthier territory and giving buyers the freedom to be selective.
📉 New listings also trended down 4%, showing that sellers are more cautious heading into winter.

Despite softer activity, month-to-month prices held steady, suggesting that the market may be finding its footing.

This environment offers strong opportunities for buyers with leverage — and for sellers, it highlights the importance of strategy, timing, and exceptional listing preparation.

Thinking of making a move? Let’s talk strategy and timing.

11/25/2025

Doug Ford’s government has introduced several major housing bills, including Bill 60, bringing big changes to how renting works in Ontario. These updates impact both landlords and tenants — from shorter LTB timelines, stricter evidence rules, upfront payment requirements for certain disputes, and changes to compensation for personal-use evictions. Together, these reforms aim to speed up the system, but they also raise concerns about reduced protections for renters and faster eviction processes.

Whether you own, rent, or manage properties, these new bills will shape how disputes, notices, and responsibilities work moving forward.

Want to understand how these changes affect your personal situation? Send me a message — I can help break it down based on your role as a landlord, tenant, or homeowner.

Jag Virk
Sotheby’s International Realty Canada
[email protected]

11/19/2025

OCTOBER 2025 MARKET UPDATE ✨

In October, the Greater Toronto Area (GTA) housing market continued to show signs of shift — offering both opportunities and cautions for buyers and sellers.
Here are the key highlights:

Key Highlights:
• Home sales reached 6,658 units, a strong year-over-year increase of ≈ 44.4% compared to the same month last year.
• The average selling price stood at approximately $1,054,372, representing a ≈ 7.2% decline year-over-year.
• New listings rose modestly — giving buyers more choices and negotiating power.

Market Snapshot:
• With increased inventory and softer price trends, market conditions tilted more in favour of buyers.
• Sellers entering the market today should focus on strategic pricing, strong presentation, and accelerated timelines to stand out.
• For buyers, the elevated inventory and relative stability in pricing may present a window of opportunity to act with confidence.

Looking Ahead:
As we approach the holiday/lower-volume season, activity may slow but strategic opportunities remain. Whether you’re considering buying, selling or investing — now is a solid time to review your goals and the local micro-market conditions.
If you’d like a deeper dive into specific neighbourhoods (Mississauga, Oakville, Brampton, Milton, etc.), let’s schedule a chat and tailor the data to your area of interest.

04/22/2025

Thrilled to Share This Next Chapter ✨

I’m proud to officially join Sotheby’s International Realty, a brand that represents timeless elegance, global reach, and an unwavering commitment to excellence.

With a focus on both residential and commercial real estate, I provide a personalized, strategic approach for discerning buyers, sellers, and investors. Whether it’s luxury homes, pre-construction opportunities, high-yield investments, or exclusive off-market deals, I’m here to help you navigate the market with confidence and clarity.

My background in negotiation, eye for design and staging, and deep understanding of market dynamics allow me to create a truly white-glove experience—tailored to your goals and your lifestyle.

For business clients, I specialize in commercial leasing, sales, and investments—delivering solutions that support growth and long-term vision.

Because real estate is more than just property—it’s possibility. It’s vision. It’s legacy.

Let’s build yours.
— Jag Virk

02/18/2025

Enbridge Gas has issued a public service announcement urging customers to keep gas meters and external appliance vents free from snow and ice accumulation. Obstructions can impede the meter’s ability to regulate gas pressure, posing serious risks, and blocked vents may lead to dangerous carbon monoxide buildup inside homes.

Recommended Actions:
• Clear Snow and Ice: Gently remove snow and ice from gas meters and external vents using a brush or broom. Avoid using sharp instruments to prevent damage.
• Prevent Accumulation: Do not shovel, plow, or blow snow against meters or vents. Be cautious to avoid striking meters with snow removal equipment.
• Remove Overhead Hazards: Eliminate icicles from eaves troughs to prevent dripping water from freezing on meters or vents.

For more information, visit Enbridge Gas’s safety page. If you suspect a problem or cannot safely remove ice buildup, contact Enbridge Gas at 1-866-763-5427.

01/13/2025

Market Stats – December 2024 ✨

In December 2024, the GTA real estate market saw a decline in home sales, dropping 18.7% from November to 5,359 units sold. New listings increased by 20.2% year-over-year, providing more inventory options. The average selling price was $1,067,186, a slight 1.6% decline from December 2023.

High borrowing costs continue to affect demand, though recent interest rate cuts are expected to improve affordability. Price growth is anticipated to remain moderate in the short term, with a potential recovery in 2025 as mortgage rates fall.

Looking to learn more? Reach out and let’s connect!

JKV REAL ESTATE TEAM

01/08/2025

As we enter 2025, it’s essential to stay informed about the Bank of Canada’s interest rate announcements, as these decisions significantly impact borrowing costs, savings rates, and overall economic conditions.

2025 Interest Rate Announcement Schedule:

• Wednesday, January 29, 2025
• Wednesday, March 12, 2025
• Wednesday, April 16, 2025
• Wednesday, June 4, 2025
• Wednesday, July 30, 2025
• Wednesday, September 17, 2025
• Wednesday, October 29, 2025
• Wednesday, December 10, 2025

Each announcement is scheduled for 9:45 AM Eastern Time. The Monetary Policy Report, providing in-depth analysis of economic and financial conditions, will be released concurrently with the January, April, July, and October announcements.

2024 Interest Rate Recap:

In 2024, the Bank of Canada adjusted its policy interest rate multiple times in response to evolving economic conditions:
• January 24: Held steady at 5.00%
• March 6: Maintained at 5.00%
• April 10: Unchanged at 5.00%
• June 5: Decreased by 0.25 percentage points to 4.75%
• July 24: Reduced by 0.25 percentage points to 4.50%
• September 4: Lowered by 0.25 percentage points to 4.25%
• October 23: Cut by 0.50 percentage points to 3.75%
• December 11: Further reduced by 0.50 percentage points to 3.25%

These adjustments reflect the Bank’s efforts to manage inflation, which has returned to around 2%, and to support economic growth amid various challenges, including a softening labor market and external economic threats.

Understanding these rate changes is crucial for making informed decisions regarding mortgages, loans, and investments. If you have questions about how these rates might impact your financial plans or the real estate market, feel free to reach out for personalized advice.

09/09/2024

Market Stats - August 2024 ✨

In August 2024, the Greater Toronto Area (GTA) real estate market saw a decline in activity. Home sales dropped by 5.3% compared to the same time last year, while new listings rose slightly by 1.5%. Despite this, the average selling price for homes in the region decreased only marginally, down 0.8% year-over-year to $1.07 million. This was influenced by a higher proportion of detached home sales, which propped up the average price even though prices for condos and townhouses saw steeper declines.

The market remains oversupplied, with high borrowing costs dampening demand. Many buyers have held off on purchasing, anticipating further interest rate cuts. The recent rate reduction from the Bank of Canada is expected to improve affordability, particularly for first-time buyers, though it may take time for the inventory of homes to be absorbed. As a result, price growth is expected to remain moderate in the near term.

Looking ahead, with mortgage rates expected to continue falling, demand may increase in 2025, potentially leading to a more balanced market after the current oversupply is addressed. However, the pace of recovery will depend largely on how quickly the existing housing inventory is reduced.

Looking to learn more? Reach out and let’s connect!

JKV REAL ESTATE TEAM

Address

3109 Bloor Street
Toronto, ON
M8X1E2

Website

https://sothebysrealty.ca/en/real-estate-agent/jag-virk/?fbclid=PAZXh0bgNhZW0CMTEAAafMrbHgQ55VgWdfjogDIo5lfmELVbglRkzXAw

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