• Be prepared for a strengthening market in the months to come • The average sale price in the 416 right now is $865,000. That is only a marginal spread between the $918k sale price we saw at this time last year. Average sale price...
• The average sale price continues to increase in the 416, now at $855k. It’s been rising steadily since the beginning of the year and this month in particular. Six weeks ago the average price was $750k. ⠀ ⠀ • Condo prices are soaring to new all...
In just 5 weeks, we’ve had a huge boost in the average sale price in the 416. It has reached $850k, only $100k off from the $950k that we peaked at last year. ⠀ Things should regularize. Interest rates will go up again, but...
The average sale price in the GTA has climbed within the last month. In the 2nd week of April it’s now at $825,000, approaching what we saw last year at this time.⠀ Sale prices in B.C. are also breaking records again. Will we follow...
In March the Toronto residential real estate market clearly demonstrated its resilience. Notwithstanding the provincial government’s attempt to engineer the market, it continues to respond to forces that have nothing to do with the Ontario Fair Housing Plan. That’s due primarily to the fact that...
There were no surprises in February’s residential resale data. Last year in February the market was verging on delirium. With record low mortgage interest rates, a severe supply problem, and a collective psychological belief that if you didn’t buy immediately you would be shut out...
The residential resale market in the first month of 2018 is, in a phrase, a tale of two markets. Actually, that is not entirely true. It is a tale of many markets, a fractured landscape that varies by housing type, and, importantly, by location. The overall...
We move into 2018 saddled by a number of market factors that make predictions more difficult than they already are for any year in real estate. 2017 was, without doubt, one of the most remarkable years in the history of the Toronto residential real estate...
November finished strong but in a fractured fashion. To use a cliché, not all markets were equal in November. The City of Toronto (area code 416) continues to strengthen, following the market declines after the province’s announcement of the Ontario Fair Market Plan and in particular...
The Toronto residential resale market returned to form in October. It returned to where it should have been before the frenzy set in at the beginning of this year and buyers began competing for properties indiscrimately and paying unreasonable prices. Price increases of 30 percent...
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