Market Update – Nov 20

Market Update – Nov 20

Toronto Condo Prices Down 9% from Peak - Recent news articles about Toronto’s condo market range from pessimistic to optimistic leaving many wondering what exactly is happening. In early October condo listings surged 215% in downtown Toronto, while a couple of weeks...

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Market Update, October 16th

Market Update, October 16th

Fleeing the city? It may be cheaper to buy a home in the “burbs” but have you stopped to think about some of the extra costs? Property taxes are a good place to start. Toronto and Vancouver, the country’s two most expensive housing markets: they’re both property tax...

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Market Update for Sept 18

Market Update for Sept 18

Now that fall is here the real estate market is sending us puzzling signs. The GTA benchmark house price has continued to rise; however, condo prices are beginning to drop, and the market is running into strong headwinds. Homebuyers were sidelined March through May,...

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Market Update for Sept 18th

Market Update for Sept 18th

Condominium prices, rents, and sales have taken a substantial hit from COVID-19, much more so than other housing types, leading many to wonder if condos will recover from the pandemic. For the moment, the news isn’t good. For example, second-quarter condominium sales...

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Market Update for July 31

Market Update for July 31

Toronto new condo sales fell to their lowest level as developers stopped launching projects when Covid shuttered the economy and slowed home building. There were only 1,385 new condo sales in April, May and June, the weakest activity since 2009 when the U.S. housing...

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