According to the latest Toronto Regional Real Estate Board (TRREB) annual forecast the Ontario housing market is making a comeback! 

A rebound is expected by the latter half of 2023, with an increase in home prices and sales after months of declines. 

What does this mean for potential buyers and sellers?

The following are the key takeaways of what to expect going forward:

1. The average home price for the year is expected to reach $1,140,000, which is higher than January's average price of $1,038,668 ( albeit still 4% lower than last year's average).

2. The board forecasts 70,000 sales this year. Still 7% fewer than last year, however, all indicators are predicting it will stabilize and will continue to increase into next year.

3. TRREB cites an Ipsos poll showing that more would-be buyers are considering buying a property this year than last year, and a slightly higher percentage of homeowners planning to put their homes up for sale.

4. Even though TRREB expects activity to remain...

It’s been common past practice to add a synthetic air freshener to your Oakville home when you’re trying to make it smell pleasant for a showing. However, if you’re doing so in the hopes of improving the chances of selling your home, you might want to think twice. 

Smell is one of our most important senses and is closely linked with memory. Good smells can evoke happy memories and experiences while bad smells can do the opposite. Smell is also highly emotive, meaning different fragrances can convey a vast array of emotions and feelings. So, it should be no surprise that smell can come into play when you’re trying to sell your home.

Increasingly, more and more people find it difficult to tolerate synthetic perfumes, which can come across as overpowering and uninviting. If you use one in your home, there’s a good chance that a potential buyer may be sensitive to these types of scents, making it hard for them to make it past the front entrance, let...