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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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MONTHLY REAL ESTATE SALES NUMBERS ARE IRRELEVANT
Why is the media, and hence the public and eventually the real estate industry so focused on monthly sale numbers? We know that the media needs regular news and reports to sell advertising. But real estate sales are not neatly … 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
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WHICH CMHC RULE CHANGES WILL IMPACT THE TORONTO REAL ESTATE MARKET THE MOST?
Most commentators believe that when CMHC shortened the amortization period on insured mortgages from 30 to 25 years that it would have the biggest impact on the Toronto real estate market. From our observations (and anyone else commenting can only … Continue reading
DOWNTOWN TORONTO CONDO RENTAL MARKET
While the focus of RE/Max Condos Plus is on sales and not rentals, we do represent a lot of investors who ask us to rent or lease out their condos. In fact we rent out more condos than any other … Continue reading
6 Observations About the Downtown Condo Market
The July numbers are out from the Toronto Real Estate Board. This is a guest post by Andrew la Fleur. We Are Still In a Buyer’s Market The sales to listing ratio to me is the most important statistic for … Continue reading
WHAT’S WRONG WITH THE TORONTO CONDO MARKET? ANSWER: RENTS ARE TOO LOW!
While it is true that sales are slightly lower in 2012 than in 2011 and that condo prices have levelled off since January; this is not a signal that the condo market is about to come to an end. The … Continue reading
CITY LAND TRANSFER TAX – NOT AS BAD AS IT APPEARS
With the Toronto Real Estate Board campaigning for the repeal of the Second/City Land Transfer Tax, it’s hard to believe that one of their members (me) would argue that you need to put all property taxes in perspective. Yes, I … 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
Uninterrupted Rise in Toronto Condo Market – Not Really
Our Company has been selling condos for over a decade in Toronto. Looking back, everyone believes that the condo market has gone straight up and the good times just rolled on – uninterrupted. However nothing could be further from the … Continue reading
What’s the Price of Gold got to do with Toronto Real Estate?
Everyone keeps talking about the Toronto Real Estate Market in terms of a real estate bubble and a price correction. Nobody talks about a gold bubble and a possible price correction for gold. Why not? In 2000, gold was selling … Continue reading
How to Forecast a Drop or Price Correction in Real Estate Prices
Before we get to the ‘how’, we are always surprised at ‘why’ so many people keep calling for a price correction for the real estate market. Most forecasters know that calling for more of the same – stable to rising … Continue reading
Toronto Condos Still the Best Buy for the Future
Most experts and economists continue to forecast a market correction with condos being the most vulnerable. But when you weigh the factors, condos keep coming out on top! People have less money to spend with rising gas prices taking even … Continue reading
Forecasting the Toronto Real Estate Market
Since the so called experts keep missing on the market, and the main stream media keeps publishing these errors, we decided that the only way to deal with these misconceptions is with humour. Hence we are repeating our favourite joke. … Continue reading
Impact of New CMHC Mortgage Lending Rules on Condo Market
More changes have been made by the Federal Government to CMHC lending practices. Note that these rules do not apply to mortgages that are conventional (under 80%). The first change is to mortgage refinancing. Now existing owners can only refinance to 85% … Continue reading
Understanding the Toronto Housing and Condo Market
Most experts try to analyze the Toronto housing and condo markets on the basis of interest rates, affordability (incomes), and listing inventory. But they miss the key factor driving the Toronto market. The key factor is the 100,000 new immigrants … Continue reading
Tracking the Canadian Real Estate Market
I just finished reading the latest TD Bank Report on the real estate market in the Globe and Mail: ‘How Canada avoided housing bubble and crash’. These are the same economists who forecast a Canadian housing bubble and that prices … Continue reading
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TORONTO RESIDENTIAL SALES CAN ONLY GO HIGHER
Most experts have been preaching that Toronto has enjoyed a real estate boom for over a decade and that the only direction for the market to go is straight down. Sales for the residential real estate market are primarily driven … Continue reading →