There is so much information floating around about housing bubbles in places like Toronto, you can’t blame buyers or sellers on what and who to believe? Last year CMHC (Canada Mortgage and Housing) predicted house prices would drop anywhere between 9%-18%, before picking back up in 2021. A few short months ago, the Bank of […]
Once upon a time in a not so distant past, the real estate housing market in Toronto (and the GTA) followed a seasonal path in activity. Buyers would start their home purchasing search in the spring, as the winter remnants melted away and the return of the sun made all things pretty again. Along came […]
The year end numbers are in and 2020 will go down as I had noted previously, as the third best year ever for sales volume and house prices through the GTA. The higher demand for low rise housing (detached, semi-detached, attached/townhome) widened the price gap between high rise (condos apartments) and this was especially felt […]
For those of us paying attention to the goings on with the real estate market throughout the GTA, most are putting away our crystal balls usually taken out and dusted off readying for what’s to come in the year ahead. With me, I’ll save you the drama. Prices are going to rise. Plain and simple. […]
Even though 2020 has been an active year on the sales side, how we transact in the buying and selling of real estate has changed in many ways due to covid. Some of these changes I think will stick around post covid and once we return back to some sort of semblance of our early […]
With the covid 19 pandemic still hovering around us, what impact has it had on real estate values throughout Toronto? Well, that depends on who you ask. Are you a buyer looking for the coveted detached house, or are you a seller looking to move from your two-bedroom condo? Ask the condo investor seller who […]
This past July has been both hot in temperature as well as in housing activity and values throughout the GTA. Both June and July are helping make up for a weak spring market in which many of us were in lockdown and only those in the most dire need were out buying or selling real […]
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 […]