Fran Lee, Broker
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Your Trusted Advisor in Real Estate

Your Trusted Advisor in Real Estate

Ontario, Canada


Nothing Great Is Ever Achieved Without Enthusiasm !



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Welcome to my web site, your source of Toronto real estate


Dear Friends,

In today's competitive real estate market, timing is everything.  Many good homes are sold before they are ever advertised. 

If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation.

Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction.

In addition, if you have any general questions about buying or selling real estate in Ontario, please contact me as I'm more than willing to help.

I don't have a PhD degree in rocket science, but I am constantly upgrading my knowledge and expertise in real estate related disciplines and languages to serve you better:

- Licensed under the "Sales Representative" category by the Real Estate Council of Ontario in 1999, and licensed under the "Broker" category since 2001 

- Recipient of RE/MAX Hall of Fame Award in 2010

- Recipient of RE/MAX 100% Club Awards (2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2015, 2016).

- Feature Agent on "Profiles of Success" Toronto East Edition 2008.

- Joined RE/MAX Crossroads Realty Inc. in December 2008, switched to Realty Associates Inc., an affiliate of RE/MAX Crossroads Realty Inc. in October 2017.

- Accredited Buyer Representative designation awarded by the Real Estate Buyer's Agent Council of the National Association of Realtors

- M ember of the Chartered Institute of Linguists designation with Diploma in Translation from English into Chinese awarded by the Chartered Institute of Linguists

Please browse my website for listings, reports and important local real estate information.



Fran Lee


Realty Associates Inc.


Cell.   416-917-6787

Office 416-293-1100


Market Update


September 3, 2021 – The Toronto Regional Real Estate Board (TRREB) is reporting the third-best sales result on record for the month of August. While the market has taken its regular summer breather, it is clear that the demand for ownership housing remains strong. At the same time, the supply of listings is down. The result has been tighter market conditions and sustained competition between buyers, resulting in double-digit annual increases in selling prices. Greater Toronto Area REALTORS® reported 8,596 sales through TRREB’s MLS® System in August 2021 – down by 19.9 per cent compared to the August 2020 record of 10,738.

The condominium apartment market segment bucked the overall sales trend, with year-over-year growth in sales, continuing a marked resurgence in 2021. The number of new listings entered into the System was down year-overyear by 43 per cent. “The fact that new listings were at the lowest level for the past decade is alarming. It is clear that the supply of homes is not keeping pace with demand, and this situation will become worse once immigration into Canada resumes.

The federal parties vying for office in the upcoming federal election have all made housing supply and affordability a focal point. Working with provincial and municipal levels of government on solving supply-related issues is much more important to affordability than interfering with consumer choice during the home buying and selling offer process or revisiting demand-side policies that will at best have a short-term impact on market conditions,” said TRREB President Kevin Crigger.

The August 2021 MLS® Home Price Index Composite benchmark was up by 17.4 per cent year-overyear. The average selling price for all homes combined was up by 12.6 per cent year-over-year to $1,070,911. The strongest annual rates of price growth are still being experienced for low-rise home types. However, average condominium apartment price growth is now well-above inflation as well.

On a seasonally adjusted basis, the average selling price continued to trend upward in August. “Sales have accounted for a much higher share of new listings this year compared to last, and the story was no different in August. There has been no relief on the supply side for home buyers, in fact, competition between these buyers have increased. As we move toward 2022, expect market conditions to become tighter as population growth in the GTA starts to trend back to pre-COVID levels,” said TRREB Chief Market Analyst Jason Mercer.

“With a federal election just weeks away, we are calling on all political parties to continue focusing on housing policies that address supply and affordability across the country. Bold action, not promises, are needed to ensure that Canada has a stable and sustainable housing market now and in the decades to come. This will ensure that the Greater Golden Horseshoe remains competitive on the global stage, in terms of attracting businesses and households to the region,” said TRREB CEO John DiMichele.

- Toronto Regional Real Estate Board

Real Estate Information

Government must take leadership role in affordability, says Re/Max

September 15, 2021 --- A recent survey by Leger, commissioned by Re/Max Canada, found that 85 per cent of Canadians believe there is currently a housing affordability crisis and 55 per cent of Canadians say that the most important aspect of a national housing strategy is to include more supply and affordable housing options.

Elton Ash, regional EVP of Re/Max of Western Canada, says the lack of housing inventory in Canada is getting worse. “The near-term future is it’s going to continue being a supply shortage and prices will continue to escalate,” he says.

“Canadians are concerned and they rightly should be,” he says. “There needs to be a strategy placed before Canadians by the parties running for government and that strategy has to include several things, because it’s not just a federal government issue. All levels of government have to be involved, but the federal government has to take a leadership role.

“During this election the parties need to be exhibiting what that leadership role should be rather than simply vying for votes and attacking foreign buyers, for example,” says Ash. “The survey showed that the majority of Canadians see foreign buyers as negatively influencing home prices in Canada and yet the reality is that they’re an extremely small segment of the entire market. So why do Canadians think that? Well, it’s because that’s what the parties say. It gets votes. Rather than really trying to get to the difficult heart of the matter, which is looking at supply issues.”

Re/Max is calling for the newly appointed federal government to lead a collaborative national housing strategy across all levels of government.

The Re/Max  survey also found:

  • 73 per cent of Canadians believe home ownership is one of the best investments and 34 per cent say they wish they were able to afford a home;
  • 79 per cent of Canadians are concerned about the state of Canada’s housing market with rising prices and little affordability; and
  • Canadians believe the top five reasons for the current state of the housing market are: too many foreign buyers (48 per cent); lack of income/wage increases (40 per cent); lack of housing supply (36 per cent); blind bidding (26 per cent) and lack of government strategy/policy (25 per cent).

Ash says there have simply not been enough new homes built in recent years across the country to keep pace with the demand.

The consequences of not acting now on this issue, says Ash, will be continued uncertainty as to where this housing market is headed.

In another recent survey by Royal LePage Canada, 84 per cent of respondents said they are concerned that, with rising home prices, an increasing number of Canadians will never be homeowners; that number is even higher among those who say a candidate’s position on housing affordability will influence their vote (96 per cent.).

The survey also found that 57 per cent of Canadians aged 18-34 say a candidate’s position on tackling housing affordability will influence their vote in the upcoming federal election (40 per cent overall) and 47 per cent of Canadians with children in their household say a candidate’s position on tackling housing affordability will influence their vote, compared to 38 per cent of those without children in the home.


Mortgage Rates Update

September 13, 2021 


1 Year  2.79% 1.79%
2 Years 2.94% 1.54%
3 Years 3.49% 1.54%
4 Years 3.74% 1.79%
5 Years 4.59% 2.04%
7 Years 5.35% 2.84%
10 Years 5.60% 3.24%
Variable 2.45% 1.35%
Prime Rate   2.45%  

*Rates are provided by Dominion Lending Centres and are subject to change without notice. 


Mortgage Calculators


Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.

The mortgage calculator below will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.

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