Blog Posts

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...

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ICE Condos 2

14 YORK STREET

Posted on Feb 23, 2021 in Condo Building Reviews

2020 Price Increase Forecast

We wanted to test the impact of COVID-19 over 2020 on Downtown condos. We picked Ice Condos because there were a significant number of sales and it has been at the centre of Airbnb rentals which have since been banned by the building because of COVID-19 and severely restricted by Toronto. We looked at 5 sales in 2021; 5 sales from September to the...

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2021 Toronto Real Estate Market Forecast

Posted on Jan 13, 2021 in Market Report

2020 YEAR IN REVIEW
The impact of COVID-19 :  It created a tale of two markets – low rise versus condos. Low rise prices increased 15% and condo prices were down 10%. It moved the Spring market from April to July. Sales on TRREB at 93,000 units matched the seven -year average.

The printing of money and low interest rates : People wanted to spend. Trav...

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Aura Condos

386 YONGE STREET

Posted on Nov 24, 2020 in Condo Building Reviews

  
What we know is that Condo prices continued to rise from October through to February. With the COVID-19 lockdown, what was the impact after that point? We looked at three sales at the Aura Condos at 386 Yonge St:Downtown Condo Prices

Looking at the price/sf over 2020, it is only since June that prices have decreased about $50/sf. For an average sized Condo, the price de...

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Toronto Market Report - November/December 2020

Posted on Nov 22, 2020 in Market Report

SALES COMMENTARY
Toronto Real Estate Year-Over-Year Summary
October showed 10,500 sales on TRREB. This was down about 5% from September but still up 25% from October a year ago. The delayed spring market continues with year-end sales expected to reach 92,000 units – the same volume as 2014 and 2017. We are still short of the record sales of over 100,000 which were achieved in 2015 and 2016...

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Toronto Market Report - October/November 2020

Posted on Oct 21, 2020 in Market Report

SALES COMMENTARY2020 Price Increase Forecast
The big news is that September sales on TRREB, at just over 11,000 units, was a record for the month. It was also 42% higher than for September 2019. As we previously reported, these numbers represent a strong Spring market (usually April, May, June). The reality is that year-to- date sales in 2020 are now equal to those of 2019. Th...

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