Blog Posts

Toronto Market Report - July 2021

Posted on Jul 19, 2021 in Market Report

SALES COMMENTARY

2020 Price Increase ForecastJune marked the third month in a row of declining sales.  The all-time peak in sales was March on the Toronto Regional Real Estate Board. That is not a bad thing and at over 11,000 sales it was the third-best June sales month. We can also forecast that 2021 will be the biggest sales year ever, at 117,000 units. Compare that to previo...

Read More

Toronto Market Report - May 2021

Posted on May 14, 2021 in Market Report

SALES COMMENTARY

2020 Price Increase ForecastSales in April on the Toronto Regional Real Estate Board (TRREB) were 13,663 units. That was a decrease of 12.7% from March. Some have suggested that this signifies the start of a market downturn. That is a little premature. April was the second largest sales month ever on the Board. Rather, we are entering a more normal market but...

Read More

Toronto Market Report - March/April 2021

Posted on Apr 20, 2021 in Market Report

SALES COMMENTARY

2020 Price Increase ForecastWhat can you say about sales on the Toronto Regional Real Estate Board for March? At 15,652 sales, this is a single month record. You can see the six biggest sales months on TRREB in the past six years in Table 1 below.

So, what happens next? We have already seen a slowing in the first ten days in April. Instead of 40 Showings on a l...

Read More

Toronto Market Report - February/March 2021

Posted on Mar 10, 2021 in Market Report

SALES COMMENTARY

2020 Price Increase ForecastRecord home sales continued in February with sales 52% higher than in 2020. The 10,970 sales are equal to the peak of a normal spring market. February also recorded 15,137 ‘new’ listings, but by month-end there were only 8,727 ‘active’ listings – under a one-month supply.

The condo market also joined the party. Condo sales this Febru...

Read More

The Polo Club

1055 BAY STREET

Posted on Mar 09, 2021 in Condo Building Reviews

2020 Price Increase Forecast
One of the older condo buildings in Toronto (built in the eighties), is 23 stories and has 336 units. These units have 8 ft. ceilings and no balconies. These are not features that appeal to young buyers. What it does have is a superb location near universities and hospitals and sits just south of Yorkville. Are there any deals to be found in older...

Read More

Toronto Market Report - January/February 2021

Posted on Mar 01, 2021 in Market Report

SALES COMMENTARY

2020 Price Increase ForecastThe year started off much like 2020 ended: with sales and prices rising to record levels. Even condos and in particular Downtown condos, joined the market upswing. January sales at 6,900 units were 52% higher than last January. Average prices were up by 15% over January of last year too!  

So, let us address why real estate has been so...

Read More