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Toronto Condo Market Reports

  • Market Report November-December 2015

    Sales Summary Sales were unusually strong in October according to the Toronto Real Estate Board. The pre-occupation with the Blue Jays was more than offset by the good weather in October. Sales were ahead by 3% over October of last year. Our commentary from last month remains unchanged in that 2015 sales are now close to those of 2014 on a monthly basis since the summer. Remember, weather only impacts the timing of sales, not the total number of sales over a lengthy period of time such as a year. Buying real estate is not time sensitive for most – unlike buying groceries each week. Let’s look at last year ...

  • Market Report October-November 2015

    Sales Summary While many people focused on September sale results as being a record for the month, the reality is that the market is instead plateauing. Sales on TREB for September were 8200 units which were up by 2.5% over last year. In August we were 5.7% higher than the same month a year ago and if you go back to the Spring Market, we were running 10% higher each month. Still if we match 2014 sale numbers over the last three months we will hit the record and magical number of a 100,000 units sold on TREB for a single year. The key will be October sale numbers which ...