Blog Posts

ICE Condos:

12 YORK STREET

Posted on Jul 20, 2020 in Condo Building Reviews

Ice Condos
This month we looked at sales in Ice Condos, more specifically the South Tower of the two-tower complex. It has a great location across the street from the Scotiabank Centre and is joined to the PATH. But its biggest claim to fame is that it has been the centre of the Airbnb market in downtown Toronto. With Covid-19 and with new City by-laws, the A...

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Toronto Market Report -   July/August 2020

Posted on Jul 18, 2020 in Market Report

SALES COMMENTARY
Year Over Year Summary
The real estate market returned to some normalcy in June and hence our Report is returning to its familiar format. June sales on TRREB (that’s Toronto Regional Real Estate Board to reflect the fact that our members are doing sales over a large part of Southern Ontario) were down only 1.4% from June of 2019. Sales were also 89% highe...

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Toronto Market Report -   June/July 2020

Posted on Jun 19, 2020 in Market Report

THE REAL ESTATE MARKET ACCORDING TO COVID-19:   
1. The GTA market has been driven over the past 15 years by in-migration (from other parts of Canada and from non-residents) at a rate of 100,000 people per year. This has required about 40,000 new housing units each year. We have always delivered under 40,000 units a year and this shortfall has create...

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Toronto Market Report -   May/June 2020

Posted on May 22, 2020 in Market Report

SALES COMMENTARY
Year Over Year Summary
So how bad were sales on the Toronto Real Estate Board in April? 2975 units represents a sales drop of 67% from April of last year. In fact, no month in 2008, the year of the financial crash, was this low. The seasonality of real estate sales means that April sales are always larger than March. Instead, this year’s sales dropped by...

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THE TIDES:

185 LEGION ROAD

Posted on Apr 20, 2020

  
The Tides is in south Etobicoke just north of Humber Bay Shores and within walking distance of the lake and parks. It has over 14,00 sq.ft. of amenities, including a rooftop pool. There is a strong sales history as the Tides was completed in 2006. 

The one-bedroom unit is located on a high floor. it includes parking and a locker with 9 ft ceilings. I...

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Toronto Market Report -   April/May 2020

Posted on Apr 16, 2020

SALES SUMMARY2020 Price Increase Forecast
Yes, sales for the first two weeks of March were excellent for that time of year. Then the shut down and social distancing was put into place. We have shown in the Graph below (Figure 1), the Weekly Sales for the GTA from March 1st to April 11 (six weeks). From the peak to the most recent week, the decline is 85%.

Real Estate is deemed...

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