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
In 1872 the new nation of Canada had a goal: populate its west. It was a mixture of desire and necessity, as the Canadian government did not want to lose territory to the United States and the best way to do that was to have Canadians living there. As a result, the Dominion Lands Act … Continue reading Canadian History: Managing Housing Investors
For the first time in years the detached markets of Toronto and Vancouver seem to be heading in opposite directions. Even when adjusted by our experimental nine-month time shift, Toronto is showing some strength while Vancouver appears to be in a free fall. After nearly five years of price alignment (with a nine-month time delay), one … Continue reading Vancouver/Toronto Comparison: Detached Update
The GTA finally has reason to be optimistic about home sales. After a nearly two-year sales drought, April showed strong year-over-year growth to kick off the spring season. The overall volume may still have room to grow to match the high sales years of 2015 and 2016, but any time there is a 17% improvement, … Continue reading Mortgage Rates, Mortgage Rates, Mortgage Rates!