Trish Bongard Godfrey

Why Toronto is the Perfect City for Young Families

12 May 2017
Trish Bongard Godfrey

Toronto provides a particularly appealing option for families, thanks to the wealth of kid-friendly activities and homes in the city.


Market Watch - Toronto Region - April 2017 Infographic

30 April 2017
Trish Bongard Godfrey

Market Watch - Toronto Region - April 2017


Toronto Region Real Estate Market Report - April 2017

30 April 2017
Trish Bongard Godfrey

The Toronto and area marketplace behaved uncharacteristically in April. For the first time in many years the number of sales this month was fewer than the number of sales reported in the corresponding month the year before.


Need To Know - Conventional vs Collateral: What difference does it make?

24 April 2017
Trish Bongard Godfrey

Although they share much of the same DNA, conventional and collateral mortgages have crucial and consequential differences.


Insight From Chestnut Park CEO, Chris Kapches: The Ontario Fair Housing Plan

24 April 2017
Trish Bongard Godfrey

On April 20th, the provincial government introduced the Ontario Fair Housing Plan.


Toronto Region Real Estate Market Report - March 2017

31 March 2017
Trish Bongard Godfrey

March residential resale numbers were staggering, in every category.


Market Watch - Toronto Region - March 2017 Infographic

31 March 2017
Trish Bongard Godfrey

The market continues to be plagued by unprecedented low inventory levels.


Spring Cleaning

08 March 2017
Trish Bongard Godfrey

Back by popular demand, here is a summary of where to donate items and dispose of hazardous waste.


Sales Up and Listings Down in February

08 March 2017
Trish Bongard Godfrey

Despite the fact that February 2016 had one more day due to the leap year day, this result was up on a year-over-year basis by 5.7 per cent compared to 7,583 sales reported last year.


Toronto Region Real Estate Market Report - February 2017

28 February 2017
Trish Bongard Godfrey

The question that economists, journalist, politicians and realtors are all asking is: What’s happening to the Toronto real estate market?


Market Watch - Toronto Region - February 2017 Infographic

28 February 2017
Trish Bongard Godfrey

Market Watch - Toronto Region - February 2017 Infographic


Toronto Land Transfer Changes Effective March 1, 2017

21 February 2017
Trish Bongard Godfrey

February 16, 2017 -- City of Toronto Council has approved changes to the Toronto Land Transfer Tax that mean additional Toronto Land Transfer Tax costs for some home buyers with a closing date on or after March 1, 2017, when it will be harmonized with the provincial LTT.


Market Watch - Toronto Region - January 2017 Infographic

31 January 2017
Trish Bongard Godfrey

Market Watch - Toronto Region - January 2017 Infographic


Toronto Region Real Estate Market Report - January 2017

31 January 2017
Trish Bongard Godfrey

The Toronto and area residential resale market picked up where 2016 ended. In fact it accelerated the pace of sales we witnessed in December. This is unusual behavior for the market in January, usually a slow month, as buyers and sellers kick out the holiday season cobwebs. But these are unusual times, very unusual times.


Toronto's Record Breaking Year-End Sales Summary

18 January 2017
Trish Bongard Godfrey

Happy New Year. I hope you have had a good start to 2017. It would be folly for me to make any big predictions about President-elect Trump and his impact on real estate or anything else. I think we can agree that uncertain, unpredictable, and unconventional are terms to describe this man. And while businesses (and many ordinary humans) tend to want predictability and stability, there is certainly a big part of the world that is unhappy with the status quo. The stock markets seem happy with him so far, but we have a divided world.


Market Watch - Toronto Region - December 2016 Infographic

31 December 2016
Trish Bongard Godfrey

Market Watch - Toronto Region - December 2016 - Infographic


Toronto Real Estate Market Report - December 2016

31 December 2016
Trish Bongard Godfrey

Another record breaking year for the Toronto and area residential resale market. In 2016 113,133 properties were reported sold. This number shattered the previous record of 101,213 properties sold in 2015. That makes two consecutive years in which Toronto and area sales have exceeded 100,000.


Trish Bongard Godfey's Real Estate Report - December 2016

31 December 2016
Trish Bongard Godfrey

Special Year End Report


Deals Not Done & Who Is Cashing Out Next

01 December 2016
Trish Bongard Godfrey

In my office we have a white board where agents post their recent sales. It includes the address, list price, sold price, number of offers and who represented the Buyer and the Seller. The board I wish we had is the wall of deals not made: Deals Not Done. These would offers prepared and presented in multiple offer situations for clients and who did not get the deal, because that would be very revealing, too. Recently I represented Buyers for a lovely home that sold for well over list price. There were 6 offers all together. There had been 7, but one dropped out I assume because of the competition. The next night, a colleague texted me at about 9 PM to say she was sitting in a car, waiting, and was representing one of 20 offers on a property that was a “first time buyers” home, on a busy street in the far east end of Toronto. It sold for over $900,000. These are just anecdotal stories: we all have them. You’ve heard them.


Market Watch - Toronto Region - November 2016 Infographic

30 November 2016
Trish Bongard Godfrey

Toronto Market Report November 2016 - Infographic


Toronto Real Estate Market Report - November 2016

30 November 2016
Trish Bongard Godfrey

The year is coming to an end, but there is no slowing down the Toronto resale market. The record for most sales in the greater Toronto area in any year has already been shattered, and there is still the month of December.


No slowdown in sight.

18 November 2016
Trish Bongard Godfrey

And I predict Ex-pats will be coming back.


Market Watch - Toronto Region - October 2016 Infographic

31 October 2016
Trish Bongard Godfrey

Toronto Market Report October 2016 - Infographic


Toronto Real Estate Market Report - October 2016

31 October 2016
Trish Bongard Godfrey

In October the Federal Finance Minister implemented new “stress testing” for buyers looking for high ratio loans. A buyer seeking a high ratio loan normally has less than 20 percent of the purchase of the property. The new “stress testing” rules require borrowers to be qualified at banks’ posted rates, and not the discounted rates, the rate of interest they will actually be paying.


Market Watch - Toronto Region - September 2016 Infographic

30 September 2016
Trish Bongard Godfrey

Toronto Market Report September 2016 - Infographic


Toronto Real Estate Market Report - September 2016

30 September 2016
Trish Bongard Godfrey

As the month of September comes to an end, the two major concerns about Toronto and area’s resale market are declining supply, to critical levels, and rapidly rising home prices. Both have been issues throughout 2016, but they have now become hot points that are attracting the attention of government and potential government intervention.


Market Watch - Toronto Region - August 2016 Infographic

31 August 2016
Trish Bongard Godfrey

Toronto Market Report August 2016 - Infographic


Toronto Real Estate Market Report - August 2016

31 August 2016
Trish Bongard Godfrey

As we enter the traditional fall market, the big story in Toronto is inventory shortage. At the end of August there were only 9,949 residential properties available to buyers, a number only slightly higher than the 9,813 properties reported sold in August. This is a historic low.


Toronto Real Estate Market Report - July 2016

31 July 2016
Trish Bongard Godfrey

The Toronto residential resale market set a new record for sales in July. It appears that there are no more seasonal slowdowns. Almost 10,000 properties were reported sold in July, a month when historically both buyers and sellers took vacations and the number of sales dropped noticeably.


Market Watch - Toronto Region - July 2016 Infographic

31 July 2016
Trish Bongard Godfrey

July was the strongest July on record for reported sales.