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RECENT POSTS
- April/May Market Report 2012
- DOWNTOWN TORONTO CONDO MARKET STILL POISED FOR LONG TERM GROWTH
- March/April Market Report 2012
- UNDERSTANDING THE COMING CHANGES TO THE TORONTO CONDO MARKET
- February/March Market Report 2012
- CONDOS versus RRSP’s
- CAN TORONTO CONDO MARKET SUPPORT NEW YORK PRICES
- Why do Developers Charge $800/sf for Pre-Construction Condos in Toronto
- For 2012 forget New Year`s Resolutions! Just focus on these FIVE KEYS to grow your business!!
- Who Cares about Real Estate Forecasts?
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April/May Market Report 2012
SALES COMMENTARY: March sales on the Toronto Real Estate Board continued the trend of previous months. Sales were 8% higher than March of 2011, and average prices were up by almost 10% from a year ago. These overall results mask … Continue reading
DOWNTOWN TORONTO CONDO MARKET STILL POISED FOR LONG TERM GROWTH
Most experts are worried about the long term condo market in downtown Toronto. They see all the cranes and ask where are all the buyers coming from? And they think that everyone is buying with 5% down and that the … Continue reading
March/April Market Report 2012
SALES COMMENTARY: February was another strong sales month on the Toronto Real Estate Board with sales ahead by 16 % over February of last year. But this increase masks some subtle changes within the market. When you compare the 905 … Continue reading
UNDERSTANDING THE COMING CHANGES TO THE TORONTO CONDO MARKET
There are big changes underway in the downtown Toronto Condo market: not just in the number of cranes that dot the sky, but in the underlying economics. This will be the last year of the pre-construction boom in condo sales! … Continue reading
February/March Market Report 2012
SALES COMMENTARY: January is in the books – TREB sales are up 8.8% over January of 2011. For February, sales are running about 9% higher than the same month in 2011. So where does that put those people calling for … Continue reading
CONDOS versus RRSP’s
With the RRSP deadline days away, it is time to contribute again. Year after year we do the same thing – and we get the same result. People cannot save enough to retire and if you do not have a … Continue reading
Posted in Tips for Real Estate Agents, Toronto Condos
Tagged investing in condos, rrsp alternatives
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CAN TORONTO CONDO MARKET SUPPORT NEW YORK PRICES
A recent report by Prudential Douglas Elliman looked at Manhattan studio (bachelor) prices from 2002-2011. It found that in the Upper East Side, the average size was 478 square feet and the average price was $739 per square foot. The … Continue reading
Why do Developers Charge $800/sf for Pre-Construction Condos in Toronto
The simple answer is because they can and there are enough people who will blindly pay it. But do the math – from both potential buyers (just investors) and the developers’ point of view. For investors, when they buy at … Continue reading
For 2012 forget New Year`s Resolutions! Just focus on these FIVE KEYS to grow your business!!
1) How good is your Contact Management System? You need a 100 people – not names but people who you have qualified that have used you or will use you in the future! TO HELP: Two FREE options: you can … Continue reading
January 2012 – Market Forecast
2011 IN REVIEW: At this time last year, we were predicting that Toronto would experience the same sales volumes as 2010 with price increases averaging 5%. We were wrong! Sales increased by 5% and prices were up by 7%. We … Continue reading
December Market Report 2011
SALES COMMENTARY: Most Realtors were excited to report that sales on the Toronto Real Estate Board in October were 17.5% ahead of October in 2010. My take is that October is the busiest month of the Fall Market and sales … Continue reading
What they Don’t Tell You about Getting a Mortgage for a New Rental Condo
Everyone gets excited when they buy a new condo from a developer on day one. Over the next few years it appreciates nicely. Now you are ready to close and rent it out. You apply for a mortgage and then … Continue reading
Why it’s Hard to Find a Three Bedroom Condo in Downtown Toronto
The problem in finding a three bedroom condo for owners starts at the pre-construction development stage. The lead time in Toronto, from pre-construction sales, through actually building the condo project, to Occupancy, and finally Registration with a mortgage is four … Continue reading
October/November Market Report 2011
SALES COMMENTARY: September followed August as another in the string of excellent sales results for the Toronto Real Estate Board with 7,600 sales taking place. This was 25% higher than September of 2010. On a year-to-date basis (for nine months), … Continue reading
September/October Market Report 2011
SALES COMMENTARY: August was another strong sales month in Toronto. The Toronto Real Estate Board (TREB) reported 7,500 in sales – 24% higher than for August last year. In the total condo market, sales were ahead by the same percentage. … Continue reading
How High Can Toronto Condo Prices Go??
As many of you know, we have long extolled the strength of the Toronto Condo Market. On many occasions we have criticized the logic of those calling for a major price correction over the past five to ten years. However, … Continue reading
Error in Simplifying Housing Market Forecasts
This week the Globe and Mail published another article from Capital Economics saying that the House Market was bound to collapse with house prices falling by 25%. I feel sorry for people who have to read this overly simplistic view … Continue reading
August/September Market Report 2011
SALES COMMENTARY: No surprise, July sales on TREB were 23% higher than July of 2010. That marks the third month in a row where sales exceeded the same month last year. Even the most conservative experts have now conceded that … Continue reading
Posted in Condo Market Report
Tagged Etobicoke Waterfront, leases, THE HUDSON, Toronto Real estate sales, TREB, US Debt
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Who Cares about Real Estate Forecasts?
Everyone wants to be a real estate expert. In order to be classified as an expert, you have to be able to make a real estate forecast. Many of the experts keep changing or updating their forecasts to ensure that … Continue reading →