For those of us who own investment real estate, the recent news surrounding monthly rental rates falling (reported as high as 22% in the downtown core) can be quite alarming. We went from what seemed like a frothy real estate market for all urban housing pre-covid, to one where only farmland, cottages and houses seem […]
The Month of May saw a fairly healthy increase in average sale price increases across the city of Toronto. Detached houses rose 2.7% to an average $1,422,273. while Semi-detached homes shot up 8.8% and now sit at $1,143,322. Townhouse prices were flat and sit at a reasonable $794,626. Condo apartments are up 5% and now […]
One of the conversations floating around the media and social networks is the question, “will the forced lockdown make us rethink our living spaces?” It’s an interesting topic for sure, covering family and personal space, home office (or multiple office) set-up and the big question being the work-from-home topic, and how much this will play […]
The month of June in a typical year in Toronto real estate is one where the sales volume of our oft frenzied spring market have passed, and we start to slow down as we head into the summer months of hopeful gorgeous weather, fun times and much needed relaxation. Home buying still happens in July […]
When the Toronto Regional Real Estate Board released April’s housing statistics, there were not many surprises in the report, at least from my perspective. Sales activity was down substantially, prices were pretty much flat, and new listings were also substantially down. In what has amounted pretty much to a world-wide lockdown (let that sink in […]
The past few weeks have been filled with massive change in the way our normal, mostly comfortable, lives have been for the majority of us in the wonderful city of Toronto that we live in. Covid 19 has temporarily placed major parts of our city on shutdown, like many other parts of the world, and […]
Toronto’s real estate market was back on fire with a substantial year-over-year increase in home sales in April 2019. The number of residential transactions jumped by 16.8 per cent to 9,042 compared to 7,744 in April 2018. After a slower start to the year, April’s activity is encouraging for those looking to move. New listings […]
Snowstorms, ice storms and even rain, all make for a good time to be a smart buyer and out looking at homes. The problem is, most buyers want to hibernate during bad weather times. What makes it a good time? January and February tend to be two of the slower months sales activity wise for […]
Sales prices are up 3.5% In October 2018. Sales activity up a healthy 6%. Active listings available for sale have dropped 2.7%. What does this mean? Well for starters, the real estate market is doing just fine, thank you very much. That housing crash we’ve all been hearing and talking about, well Bloomberg thinks we’ve […]
I don’t know about you, but me, I’m starting to get really confused about what falls under rent control and what doesn’t? The Ontario government recently released their 2018 Ontario Economic Outlook and Fiscal Review. In it, there were modest attempts to address the shortage of affordable housing. This government is bringing back exemptions for […]