Winter 2023 Bulletin
Hello Friends!
Thank you in advance for taking the time to read the first Townsend Real Estate Bulletin! As most of you know, I fulfilled my dream of becoming a Licensed Realtor just over one year ago. By joining the amazing team at TrilliumWest Real Estate Brokerage I have been able to become fully involved in their community support programs and put my love of helping others to good use. Not only in Real Estate but in our great city and the surrounding area. 2022 was an exciting year professionally, exceeding my goals and being able to meet so many new colleagues, clients, industry professionals and friends! Personally, it was even more exciting with the arrival our first child on April 15, 2022! Charlotte Irene Edith Townsend makes me laugh and smile everyday. I can’t thank my wife Jill and our family enough for all of their support. My goal with this quarterly newsletter is to inform family, friends, clients and supporters of what is going on in the local market, Townsend Real Estate business updates/opportunities, feature properties, local community initiatives/events and much more!
Local Market Update:
The last couple of years have been a whirlwind of ups and downs in the Real Estate market and it appears to have levelled off and provided a more stable/balanced market for both buyers and sellers. Some of the key factors in the local market right now are: Interest Rates, Immigration, Inventory Levels, Pricing Strategies and Affordability.
Despite what the media is reporting the monthly data and cold hard numbers show an uptick in activity and many of the buyers/investors who were sitting on the sidelines over the last 6-9 months are coming back to the market! Extremely low inventory levels, combined with active buyers have brought back sellers listing under value and holding offers for buyers to compete. Many listings with this approach over the last few weeks have seen 5 or more competitive (Not Crazy) offers.
The media is focused on the Bank of Canada interest rate hikes cooling the market and it certainly has done that, but the educated buyers understand that with the lower prices right now you can purchase a property at the higher interest rate for about the same monthly payment you would have paid 12 months ago. Ride out the higher rates for a couple of years, re-finance as the equity rises and you will be in the driver’s seat!
Government immigration numbers are continuing to rise and we will see 2023 bring a record number of new immigrants to our great country. Quite simply, we don’t have nearly enough housing for everyone living in Canada. This demand will continue to drive the market upwards. Not only in re-sale but in the rental market as well!
Townsend Real Estate 2023 Community Initiative:
In an effort to support our local community I will be donating $150 to a local charity of my client’s choice for every home listing or home purchase through Townsend Real Estate in 2023. Small donations that can hopefully make big impacts as they grow!
Final Thought:
My Approach
I am motivated by my clients’ needs and wants to successfully manage the largest transactions of their lives. Strong people skills, attention to detail and the desire to help people drives me to succeed in real estate.
Contact:
A referral to family, friends, colleagues thinking of making a real estate transaction now or in the future is the greatest compliment a Realtor can receive and I would truly appreciate your support. Looking forward to hearing from you!
Rob
