Pre-construction condo fees - grossly understated?

Friday Nov 24th, 2017


I was in a recent Toronto Star article on buying pre-construction condos, and I've been sitting on this data for a long time and meaning to write a post about it. Here's that post, on condo fees being higher in reality than were  advertised to you when they sold you your unit. photo by JasonParis, Creative Commons license How prevalent is underestimation by developers? First a bit about what these numbers are based on. I was provided with a... [read more]

Toronto Real Estate returns report: 20 years of ROI - Q4 2017

Friday Jan 12th, 2018


Are you curious how your house or condo has appreciated over time compared to the average in the city? Or how those average price increases look versus the stock market? Well then you came to the right place. I've been compiling this after the June and December market statistics are released. Here's where you can find the posts for Q2 2017, Q4 2016 and Q2 2016. I will show some of the charts in this blog post, but for the full picture, the... [read more]

How many people got burned by the 2017 correction?

Thursday Mar 1st, 2018


[Note: the analysis from this blog post was referenced in a Globe & Mail article in March of 2018.] The calendar just turned from February to March. That means February real estate statistics will be released next week. And that means we're going to be seeing harsh year-over-year (YoY) price comparisons for the next few months. If you want a fun drinking game, have a shot every time you hear or read the media use any variation on the word "plunge" related to... [read more]

Price ratio between Detached and Condos falls to 2013 levels

Thursday Mar 22nd, 2018


Many condo owners purchase with the intent of climbing aboard the "property ladder." The intention isn't usually to buy a condo as a "forever home" but rather to move up to a house once they have accumulated some equity. However, freehold (non-condominium houses) properties have been appreciating at a faster pace than condos over the years and with higher price to begin with, the price gap between the two ownership types has grown over the years. When GTA freehold... [read more]

Revisiting the house / condo price gap

Friday Oct 19th, 2018


Back in March I wrote a blog post looking at the price gap between detached houses and condo apartments in the 416, noting it had come well off of the spring 2017 highs and was back to 2015 levels (on an absolute dollars basis) or 2013 levels (on a ratio basis). At that time I wrote: It may be a good time for move-up buyer to swing from a condo to a house as the price gap is back to 2015 levels. Then again, there may be more gap shrinking to come. I don't have a crystal ball,... [read more]