Grading off current performances, one would have to conclude that Toronto’s real estate sector continues to pay off, while Vancouver’s has become a complete bust. If we limit the review to the last year, that would be the case; however, if we extend our judgment over a few years we see high parity between the … Continue reading Five Year Pay Off
Stop the presses new homes sales are back…if you focus only on the suburbs and ignore the stalled prices. The May totals from BILD GTA are in and new homes sales had a banner month. Total sales nearly doubled the same month last year and even outperformed the ten-year average. However, breaking down the sales … Continue reading May’s New Home Sales
In comparison to buying a home, renting in Toronto used to be a fairly good deal. For much of the decade, home prices were skyrocketing while rents were manageable. This enabled renters to save more towards a down payment for a home or simply better afford the city. This is no longer true with rents … Continue reading Housing Stock: To Rent it or Airbnb it?
In May TREB reported a 3.6% increase to the average price of a home in the Greater Toronto Area. This result may not seem significant in comparison to the price gains of recent years; however, it did mark the first time this year that TREB reported a year-over-year average price increase better than inflation. This … Continue reading Prices May Vary
Over the past decade there have not been many constants in the GTA’s real estate market. Prices have gone up for the most part (minus 2017/18); however, the extent that they rose each year varied significantly. Likewise, sales volumes have seen record peaks as well as modern lows. One factor that has remained impressively constant … Continue reading The Consistency of New Listings
The new home sales data from April showed condo sales vault back to life but at the expense of their prices. Meanwhile, single family home sales continued to improve over last year’s poor results, with even prices improving month to month for the first time since November, though they remain down from last year. Source: … Continue reading New Home Sales: Condo Prices Drop
In Toronto’s housing market sellers find themselves in pretty good situations. Aside from a few individuals who bought in early 2017, everyone is able to sell their home for more than they bought it for, and for some it is two, three or even four as much. However, these big gains do not lessen expectations. Owners know … Continue reading Selling Tactics