Farrah Ranjbar's advice to followers of Toronto Real Estate is simple enough: it's a great time to buy or sell.
Media reports routinely say the market has dropped by 40 per cent from the boom days of only a few months ago.
Whether or not that is entirely true - a boatload of factors including the type of home, the neighbourhood and region mean there is no true single measure of the market- there is no doubt that the long-anticipated correction has come and gone.
Farrah's advice.
1. Everything starts with financing. Buyers and sellers now have a much better idea on what homes will fetch. There is no reason to be caught short. "Your buying power," Farrah said, "shouldn't be a surprise."
2. There is probably no second-wave adjustment coming. The cool-down was largely influenced by government policy on lending and offshore ownership. Those changes have been integrated into the marketplace.
3. Yes, your home is an investment, an enormous one, but it is also the place you and your family will live. Find a home you like and can afford and let natural appreciation do the work for you.
4. One of the most recent factors influencing that growth: the movement among corporations to return to urban areas where they can find talent pools.
As always, Farrah's podcast is a mixture of good humor, insight and compassion.