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RECENT POSTS
- APRIL/MAY MARKET REPORT 2013
- MONTHLY REAL ESTATE SALES NUMBERS ARE IRRELEVANT
- MARCH/APRIL MARKET REPORT 2013
- TORONTO RESIDENTIAL SALES CAN ONLY GO HIGHER
- FEBRUARY/MARCH MARKET REPORT 2013
- AN INSIDER’S VIEW OF THE TORONTO CONDO MARKET FOR 2013
- HOW TO SPOT A REAL ESTATE MARKET TURNAROUND IN 2013
- JANUARY 2013 – MARKET FORECAST
- WHICH CMHC RULE CHANGES WILL IMPACT THE TORONTO REAL ESTATE MARKET THE MOST?
- WHY ARE WE STILL BUILDING SMALLER CONDOS IN THE PRE-CONSTRUCTION CONDO MARKET?
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APRIL/MAY MARKET REPORT 2013
SALES COMMENTARY: March was the second consecutive month this year where sales were considerably lower than the same month in 2012. As reported by the Toronto Real Estate Board, overall sales were down by 17% in March. Total condo sales … Continue reading
MARCH/APRIL MARKET REPORT 2013
SALESCOMMENTARY: February sales results were at best weak, in comparison to January’s promising start to the year. Overall sales on the Toronto Real Estate Board were down 15% from February of last year. All condo sales were worse – down … Continue reading
FEBRUARY/MARCH MARKET REPORT 2013
SALES COMMENTARY: SALESCOMMENTARY: January results are out from the Toronto Real Estate Board and we have yet to ‘Crash and Burn’ as MacLean’s Magazine and other predict. Sales were only 1.3% lower than January of 2012. Yes, new listings were … Continue reading
HOW TO SPOT A REAL ESTATE MARKET TURNAROUND IN 2013
Real estate sales are very seasonal – we have the spring and fall markets, winter can be slow and then there are the summer doldrums. In fact sales from the slowest to highest month can vary by 250% in a … Continue reading
JANUARY 2013 – MARKET FORECAST
SALES COMMENTARY: 2012 IN REVIEW: Most forecasters avoid reviewing their calls from the previous year. Not us! We called for 90,000 resales on the Toronto Real Estate Board, and we will end the year with 86,000. We forecast condo sales … Continue reading
Posted in Condo Market Report, Toronto Condos Update, Toronto Real Estate Market Forecast, Uncategorized
Tagged CMHC, Condo Prices, Economic Forecast, Financial Crisis, Interest Rates, New Homes, Pre-Construction Sales, Price Bubble, Rental Rates, Rising Mortgages, Toronto Market Correction, Toronto Real Estate Board, Toronto Real Estate Market, Vacancy Rates
1 Comment
NOVEMBER/DECEMBER MARKET REPORT 2012
SALES COMMENTARY: October sales this year on the Toronto Real Estate Board were down 7% from October of 2011. New listings for the month were up 6% over October of last year and the current inventory of ‘active listings’ at … Continue reading
OCTOBER/NOVEMBER MARKET REPORT 2012
SALES COMMENTARY: The public media has now concluded that the Toronto Real Estate Market and the downtown condo market in particular are in full market correction. What does that mean? Certainly sales are slowing. In September, the Market was down … Continue reading
SEPTEMBER/OCTOBER MARKET REPORT 2012
SALES COMMENTARY: The sales numbers for August and the first two weeks of September were not what Sellers and Realtors were hoping for. In August, residential sales for the Toronto Real Estate Board were 12% lower than in August of … Continue reading
AUGUST/SEPTEMBER MARKET REPORT 2012
SALES COMMENTARY: Last month we asked the question: has the Toronto real estate market peaked? Residential sales for July were 1.5% lower than sales for July of 2011. For the condo market, sales were down 11.7% from the same month … Continue reading
June/July Market Report 2012
SALES COMMENTARY: May was another strong sales month on the Toronto Real Estate Board. Sales were 11% higher than in May of last year. More encouraging for buyers, new listings in May were 20% higher than last year. However ‘active’ … Continue reading
May/June Market Report 2012
SALES COMMENTARY: April was the fourth consecutive month with year over year sales increases on The Toronto Real Estate Board. Sales were 18% higher this April versus April of 2011. At the same time, active listings were 4% higher than … Continue reading
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
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
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
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
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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 →