Author name: Davelle & Co

Why Bond Yields Matter (Even If They Sound Boring) We hope you’re enjoying some well-deserved family time this week and perhaps a little too much good food. This week, I attended the LandPro Conference, an event focused on real estate, land, and condo development. One of the keynote speakers was Benjamin Tal and his insights were both candid and thought-provoking. He opened his presentation with a question mark on the screen and said:“I have no clue what’s going to happen.” It was refreshingly honest and also a reminder of just how uncertain today’s economic environment is. Here were a few of the key takeaways: “Blue will be the new white” One of the most memorable comments of the day.Benjamin Tal suggested that AI is increasingly replacing many white-collar jobs, while blue-collar roles; trades, construction, skilled labour, are much harder to automate. It’s a shift that could have major implications for housing, development, and the broader economy. The Housing Market: Correction But Not Collapse Tal believes the housing market is currently in a correction, not a crash.If you follow the long-term trend line from before COVID, he noted that prices are largely tracking back toward that historical pattern. However, he made it clear:The condo market is in a deeper downturn particularly smaller units, which have seen the largest price declines. A Supply Problem Is Coming Another key insight:The housing starts being reported today reflect decisions made 18 months ago. And right now? Developers aren’t building. Tal also commented on the recent announcement from Mark Carney, Doug Ford, and Olivia Chow to reduce development charges by 50%. While encouraged to see all levels of government working together, he doesn’t believe a 50% reduction will be enough to significantly increase building activity suggesting it may require closer to a 100% reduction to truly move the needle. His outlook?Within two years, we could be facing a serious supply shortage just as demand begins to rise again. More Industry Insights Additional speakers, including Jasmine Young and Jeremiah Shamess, echoed similar concerns: All of this points to one thing:Less building today often means tighter supply tomorrow. The big takeaway from last week? While today’s market may feel uncertain, the long-term fundamentals especially around supply continue to quietly shape what comes next. And as always, we’ll keep you posted from the ground. If you know of anyone who needs to buy or sell, please make sure they call Davelle. Want to Make This Market Work for You? As always, if you have questions about the market, or would like an updated home evaluation, we’re here to help. For Sale: Renovated 3-Bedroom Detached House in Leslieville (14 Coady Ave) Morning coffee. Evening wine. Leslieville living. This turnkey Leslieville gem beautifully renovated detached home checks every box. The open-concept main floor showcases a stunning chef’s kitchen with high-end appliances, wine fridge, and seamless flow, perfect for entertaining family and friends. For Sale: 4+2 Bedroom Victorian Dream House at Queen/Dundas (103 Manning Ave) Craving space to grow into? Welcome to your Victorian dream, where character, thoughtful updates, and family friendly living come together on a beautiful tree lined street between Queen and Dundas. For Sale or Lease: Immaculate 2-Bedroom Suite on Bay Street (62 Wellesley St W 1402) Behold, an immaculately designed, hotel-worthy executive suite, freshly renovated and stylishly furnished for the discerning urbanite. For Lease: Bright 2-Bedroom Condo in Queen St E (60 Haslett Ave #301) Morning coffee on your balcony, a quick stroll to the boardwalk, and the beach just minutes away – welcome to easy living close to The Beach. For Sale: Bright 1-Bedroom Condo in Corktown, Toronto (60 Tannery Rd #516) Step into a sunlit living and dining space with clean sightlines and effortless flow. The open-concept kitchen keeps you connected – prep dinner, catch your favourite show, and take in the view all at once.

Why Bond Yields Matter (Even If They Sound Boring) We know… bond yields aren’t exactly the most exciting topic. You might even be tempted to hit delete right about now. But here’s the thing: bond yields quietly influence the interest rates your bank offers you — especially fixed mortgage rates. And lately, they’ve been creeping up. Even if the Bank of Canada holds steady at its next announcement on April 29th, the bond market may still push mortgage rates higher. In other words, what happens behind the scenes in the bond market can directly impact your borrowing power. So what does this mean for you? If you’re thinking about buying in the next few months:Now is a great time to speak with a mortgage broker and lock in a rate. Most lenders will hold a rate for 90–120 days, protecting you if rates rise. That can make a meaningful difference in your purchasing power. If you’re renewing soon and prefer a fixed rate:You may want to consider renewing a little earlier to secure today’s lower rates before they move higher. If you’re planning to go variable:You likely don’t need to make any immediate changes — but it’s still worth having a conversation to confirm what makes the most sense for your situation. As always, everyone’s financial picture is different. A quick check-in with your lender or mortgage broker can help you make the most informed decision. And if you’d like an introduction to a trusted mortgage broker, we’re always happy to connect you. If you know of anyone who needs to buy or sell, please make sure they call Davelle. Want to Make This Market Work for You? As always, if you have questions about the market, or would like an updated home evaluation, we’re here to help. For Sale: Spacious 3-Bedroom Townhouse in North York, Toronto (46 Rock Fern Way #225) Step inside and you’ll immediately feel the space where you didn’t expect it. A bright, open living room welcomes you in, filled with natural light and room to actually live. The recently renovated kitchen flows seamlessly into a true dining space made for hosting, not just passing through. For Lease: Bright 2-Bedroom Condo in Queen St E (60 Haslett Ave #301) Morning coffee on your balcony, a quick stroll to the boardwalk, and the beach just minutes away – welcome to easy living close to The Beach. For Sale: Bright 1-Bedroom Condo in Corktown, Toronto (60 Tannery Rd #516) Step into a sunlit living and dining space with clean sightlines and effortless flow. The open-concept kitchen keeps you connected – prep dinner, catch your favourite show, and take in the view all at once.

March Break = A Pause… Not a Slowdown If you have kids in school, you likely felt it. March Break tends to quiet the city and the housing market. With many families away, fewer homes came to market this week and activity naturally slowed. But that’s temporary. As we head into this week, we expect a noticeable pickup in new listings leading into Easter, meaning more choice for buyers and more competition for sellers. So what’s really happening in the market? Our insights focus on Toronto’s core (roughly south of the 401, including Midtown, Riverdale, Leslieville, the Beach, High Park and beyond—TRREB (Toronto Regional Real Estate Board) districts of C1,2,3,4,8,9,10,11, E1,2,3,6, W1,2,3,6. Detached Homes Days on market are tightening. Prices spiked in January (low inventory), softened slightly, and are now stabilizing as more homes hit the market. Semi-Detached Homes Prices climbed from ~$1.288M in January to ~$1.36M in February. Weekly fluctuations remain, but one trend is clear: homes are selling faster. Condos A quiet comeback. Prices are inching upward and days on market are improving—welcome news after a slower couple of years.Some sellers are holding out for bigger gains. Others are content to stay put. And savvy buyers? They’re already making moves. If you know of anyone who needs to buy or sell, please make sure they call Davelle. Want to Make This Market Work for You? As always, if you have questions about the market, or would like an updated home evaluation, we’re here to help. For Sale: Spacious 3-Bedroom Townhouse in North York, Toronto (46 Rock Fern Way #225) Step inside and you’ll immediately feel the space where you didn’t expect it. A bright, open living room welcomes you in, filled with natural light and room to actually live. The recently renovated kitchen flows seamlessly into a true dining space made for hosting, not just passing through. For Lease: Bright 2-Bedroom Condo in Queen St E (60 Haslett Ave #301) Morning coffee on your balcony, a quick stroll to the boardwalk, and the beach just minutes away – welcome to easy living close to The Beach. For Sale: Bright 1-Bedroom Condo in Corktown, Toronto (60 Tannery Rd #516) Step into a sunlit living and dining space with clean sightlines and effortless flow. The open-concept kitchen keeps you connected – prep dinner, catch your favourite show, and take in the view all at once.

What’s Really Happening in the Market If you read the headlines, you’d think the housing market has completely slowed down compared to last year. And yes, the statistics do show prices are down year-over-year. But on the ground, the story is more nuanced. In fact, we’re still seeing plenty of multiple offers. Earlier this week I showed a stunning newly built detached home in Leaside, 4 bedrooms and 6 bathrooms, listed for $3.389M. Within just four days of hitting the market, four offers had already been registered. The sellers were accepting offers anytime, and despite the price point (clearly not a first-time buyer property), demand was strong. At the other end of the market, we recently helped clients purchase a 3-bedroom semi-detached home near Danforth & Victoria Park that had been listed for $799,000. Before offer night, we arranged both a home inspection and termite inspection so our buyers could submit a clean offer. We also included a letter and photo from our clients to share with the seller. Real estate may feel transactional at times, but there’s still a human element to it. Establishing a connection can sometimes make a difference. There were four offers competing for the home. And I’m happy to report our clients came out on top, securing the property for $865,000. On the flip side, many sellers today are facing a different reality. Some homes are selling for similar prices, or even less, than what owners originally paid. That created an opportunity for another one of our clients this week. We helped them purchase a 3-bedroom semi-detached home in Midtown listed for $1.399M. The sellers had paid $1.3M for the property themselves. Our client had a firm budget of $1.3M, knowing renovations would be needed, and that’s exactly where we landed. A great result in a market where buyers currently have more negotiating power. The takeaway? The headlines only tell part of the story. The real opportunities are often hidden between the stats. If you’re wondering what your home might sell for in today’s market, just reply to this email and we’ll happily take a look for you. Just reach out. We’d love to connect. And don’t forget if you need to buy or sell, just call Davelle. Want to Make This Market Work for You? As always, if you have questions about the market, or would like an updated home evaluation, we’re here to help. For Sale: Fabulous 3-Bedroom House in East Danforth (51 Bastedo Ave) This is where homes turn into lasting memories, whether you are looking for your first-home or looking for a change in lifestyle. This smart home is perfect for those who want space to grow and a fabulous neighbourhood. For Sale: Bright 1-Bedroom Condo in Corktown, Toronto (60 Tannery Rd #516) Step into a sunlit living and dining space with clean sightlines and effortless flow. The open-concept kitchen keeps you connected – prep dinner, catch your favourite show, and take in the view all at once.