Bidding Wars

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Looking to Buy and not sure where to start? We cover all the steps in the Buying process

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Buying a Condo

The Three Biggest Questions to Consider

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Buying vs Renting

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Toronto Condo Market Reports

  • Toronto Market Report August-September 2017

    Sales Commentary The market continued its sales decline for the fourth straight month. Sales on TREB were 5,921 units in July, down 40% from last year’s number of 9,929. Historically, sales should be in the nine thousand range. Are we concerned? No – in fact we prefer this market to that of February and March. Back then, the market was driven by irrational behavior which was unsustainable. The current slowdown is psychological. Sellers still want March prices and buyers expect a price correction of 25%. The reality is neither will happen. Prices are down by 15% from their peak but are still 15% higher than a year ago. The question ...

  • Toronto Market Report July-August 2017

    Sales Commentary June marked the third month in a row where sales declined from the previous month. TREB sales at 7974 units were down a whopping 37% from June of 2016. They were also down 21% from May. Last year was a record year with 113,000 sales. Our own forecast for this year was for 105,000 sales. Year to date, we are at 55,000 sales. Historically, the midpoint of the year represents about 52-54% of the year’s sales. That would translate into a final number of 102,000. In 2016, the June yearly sales were 60,000 which was 53% of the final number. So why are we looking at the market ...