Blog Posts

U Condos

1080 Bay Street

Posted on Nov 19, 2021 in Condo Building Reviews

Bay tends to be an expensive street for condos due to its proximity to two downtown universities and the hospital row on University Ave. U Condos, adjacent to U of T, is one of the most expensive. Built 5 year ago, the tower at 1080 is 55 storeys and has 1002 units. We wanted to show that smaller units are even outpacing the overall condo market. B...

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Toronto Market Report - October 2021

Posted on Nov 03, 2021 in Market Report

SALES COMMENTARY

Year Over Year SummaryFor successful buyers and sellers, September was an excellent month. Sales on TRREB were at 9,046 units, the third highest mark for this month, although down 18% from September a year ago. More importantly, sales in September were 5% higher than August. This is the first month over month sales increase since the peak in March. Since...

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Massey Square Condos

5 MASSEY SQUARE

Posted on Sep 30, 2021 in Condo Building Reviews

 
The Massey Square complex of condos is in Crescent Town, a 10-minute walk to the Victoria Park subway station. Yes, the building is 48 years old, but the units are large and VERY affordable. Condo fees are high because all utilities are included. Expect to pay $750-800 per month but property taxes are just under $1,000 per year. Because of high co...

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Toronto Market Report - September 2021

Posted on Sep 17, 2021 in Market Report

SALES COMMENTARY

2020 Price Increase ForecastAFFORDABILITY in housing and not sale numbers has taken over the real estate discussion for most people with the politicians jumping on board. For 2021 year-to-date, the number of sales under $600,00 was 13,049 units or 15% of total sales on TRREB. In 2020 to the end of August, the numbers were 13,437 and 23%. While the drop-in unit...

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Toronto Market Report - August 2021

Posted on Aug 18, 2021 in Market Report

SALES COMMENTARY

2020 Price Increase ForecastAs we previously forecasted, sales in July continued to slow from the previous month. TRREB reported 9390 sales, down 15% from July of last year and 15% from June. On the other hand, July sales were the biggest since 2016 for the month. Looking forward, we expect August sales to be even lower than July. The true test of sales activi...

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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...

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