HARVEY KALLES REAL ESTATE LTD. BROKERAGE's blog

TRREB: Elevated Borrowing Costs Taking a Toll on Housing Affordability TORONTO, ONTARIO, December 5, 2023 – High borrowing costs and uncertain economic conditions continued to weigh on Greater Toronto Area (GTA) home sales in November 2023. Sales were down on a year-over-year basis, while listings were up from last year’s trough in supply. With more choice in the market, selling prices remained basically flat year-over-year.

“Inflation and elevated borrowing costs have taken their toll on affordability. This has been no more apparent than in the interest rate-sensitive housing market....

Hosting a large family gathering in your home can be a delightful experience if planned well.  Here are some tips to ensure your event is a success:

Clear Surfaces: Before your guests arrive, clear off surfaces like counters, side tables, and coffee tables.  This will create space for guests' items and help keep your home visually calm.

Plan Every Meal: Plan out a menu for every meal.  This will help you stay organized and ensure that there's enough food for everyone.

Decorate Your Home: Decorations are a key part of any event.  Use holiday party decoration ideas to turn your home...

I am honoured to be featured in TOP AGENT MAGAZINE @topagentmagazine

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This would not be possible without my amazing clients and the incredible support of my brokerage Harvey Kalles Real Estate.
I am forever grateful to live my dream career as a Realtor and serve my clients with luxury real estate experience. THANK YOU for your trust in me!

As a realtor in Toronto, I understand the importance of preparing your home for the winter months. In this blog, we will discuss how to prepare your home for the winter months, focusing on heating systems and maintenance, roof and gutter care, and insulation and energy efficiency.

Heating Systems and Maintenance

1. Perform a pre-winter HVAC system assessment to identify potential issues or inefficiencies.
2. Schedule professional maintenance for your heating system.
3. Seal gaps and cracks around doors, windows, and other openings to prevent drafts.
4. Consider upgrading to a...

While traditionally, baby boomers have been known to sell their family homes and downsize or move into retirement communities, recent trends show a shift in this behavior. A significant number of baby boomers in Canada are choosing to age in place, retaining their homes rather than selling them.

This trend has been exacerbated by the COVID-19 pandemic, with many boomers witnessing the tragedies that occurred in long-term care and retirement facilities and becoming wary of such futures.  A study by a Real Estate comapny found that 52% of boomer homeowners would prefer to renovate their...

Lack of affordability and uncertainty remained issues for many would-be home buyers in the Greater Toronto Area (GTA) in October 2023. As a result, sales edged lower compared to last year. However, selling prices remained higher than last year’s levels.

“Record population growth and a relatively resilient GTA economy have kept the overall demand for housing strong. However, more of that demand has been pointed at the rental market, as high borrowing costs and uncertainty on the direction of interest rates has seen many would-be home buyers remain on the sidelines in the short term. When...

Click here for my latest interview with The Globe And Mail. 

Thank you Carolyn Ireland from The Globe and Mail for writing this article. It was a pleasure chatting with you. I enjoyed our interview. 

My goal is to always assist my clients with all of their real estate needs. My work is focussed on providing them with the best possible real estate experience.

The impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth continued to weigh on Greater Toronto Area (GTA) home sales in September. However, despite the market being better-supplied with listings, the average selling price was up year-over-year.

“The short and medium-term outlooks for the GTA housing market are very different. In the short term, the consensus view is that borrowing costs will remain elevated until mid-2024, after which they will start to trend lower. This suggests that we should start to see a...

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If you are currently in the market for a mortgage, you should be familiar with the term “mortgage default insurance.” 

For those who aren’t or if you need a bit of a refresher, keep reading ...

First and foremost, it’s important to differentiate mortgage default insurance from creditor insurance. 

The former exists to protect the lender in the event the borrower defaults on their mortgage and is mandatory for all mortgages where the borrower has a down payment of less than 20%.  

Creditor insurance, on the other hand, is an optional insurance that can be purchased by the...