Upon first glance, one might think that the Greater Toronto real estate market was in a massive downfall when compared to March sales a year earlier. We went from 15,628 sales in 2021 to 10,995 sales in March 2022. That’s a whopping 30% decrease, which is large for year over year under normal circumstances. But […]
The past week has felt like two, with all of the multiple offers happening throughout the city. We are in the midst of a real estate pandemic in that some buyers on some properties, are being crazy stupid with the money they are offering up. Old news! Maybe? This past Monday would have been an […]
Real Estate Update It’s been about five weeks since the actions taken to flatten the curve on the spread of Covid 19 have been in place, and as most were expecting, Toronto’s real estate market has been affected. What has happened is best described as “frozen” in comparison to some of the more dire predictions on substantial […]
Last month I had posted about what to expect sale price wise in 2020, which was that prices were expected to rise between 6%-10% throughout Toronto. Well, January seems to have gobbled up that and more, as sale prices are up 12.3% mostly driven be the detached and condo market. Semi-detached homes and townhouse were […]
I started writing this blog post about six months ago, and then put it into my draft folder as after I finished proof reading it, it sounded more like a rant against the company rather than my intended post, which is to educate and inform. I’ve deleted the original draft, and will start fresh Before […]
We are a little over a week into the new year as I write this post about what to expect in the real estate market for Toronto in 2020. With the dawn of a new decade upon us, comes hope, from an affordability perspective at least, that house and condo prices in Toronto will dampen […]
As the calendar year winds down our real estate market typically goes into a slight slumber as the holiday season approaches and we all grapple with our stuffed bellies and potential New Year’s eve hangover. Fun times for sure. But this past week saw two major announcements that should have a huge impact on Toronto’s […]
The month of September brings the unofficial start to Toronto’s fall real estate market. Once labour day passes and the last of our summer long weekend plans are behind us, a new school year kicks off, and so often does our housing sales. Depending on when the holiday Monday falls (this year it was early, […]
Once again the Canadian government has found a way to penalize hard working small investors, who have purchased a condo pre construction. This is the same government agency that over the past few years have aggressively been attacking both unsuspecting and savvy condo investors, who have opted to sell their purchase contract before the condos […]
It wasn’t your typical month of July when it came to housing sales activity. Year-over-year activity was up a staggering 24.3% from July 2018, and even up 5% over June’s sales. Now that has happened in at least the past 10 years, probably even longer, as I got tired of looking and stopped at the […]