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What I am seeing on the ground in COVID-19 times

Monday Mar 23rd, 2020

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These are wild times. New proclamations are coming out seemingly daily from all levels of government, with the latest (at time of writing) being the Ontario government closing all non-essential businesses as at 11:59 PM Tuesday. I'm getting clients, people on my social media, and friends and relatives reaching out and asking me what affect I think it will have on Toronto's real estate market. So I figured I should write this blog post. (In earlier days, I took a look at whether the 2003... [read more]

February 2020 charts: are things out of hand again?

Thursday Mar 05th, 2020

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Here's your Toronto real estate market report for the month of February. The year has jumped off to a strong start, exhibiting signs of an extreme seller's market similar to early 2017. In fact, I just wrote a blog entitled "Just how closely does early 2020 resemble early 2017 in Toronto real estate?" because that's a popular headline now. My conclusion - and the same is my overall message for this month, is that there were a lot of statistics that were... [read more]

February 2019 charts: TREB wants a boost after another poor sales month

Wednesday Mar 06th, 2019

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Here's your Toronto real estate market report for February. Another slow month has TREB campaigning for changes to boost sales. Below is what I saw in the February stats. As always, these are just selected highlights. The full set of market charts is available on SlideShare. 1) February should've been better I took the same title for a point in January and changed the month: the same story. You all know the big hullabaloo over the stress test on insured mortgages (20%... [read more]

April 2019 charts: big boost in sales

Tuesday May 14th, 2019

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Here's your Toronto real estate market report for April. Overall GTA-wide sales numbers were up a whopping 16.8% over 2018, but as always, we like to dig a little deeper. Below is what I saw in the April stats. As always, these are just selected highlights. The full set of market charts is available on SlideShare.  1) Don't get too excited just yet over sales Okay, it is encouraging that both 416 condos and freeholds (i.e. non-condo ownership) broke streaks of 5... [read more]

12 Risks of buying pre-construction condos

Friday May 17th, 2019

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This post has been "on my list" for a long time. I've had a few clients ask me recently about pre-construction and the first thing I tell them is they need to be aware of the risks. Today I want to lay out a dozen of those risks for you. I've written this point with condominium apartments in mind, but most of the points apply to condo townhouses as well as pre-con freehold houses too. Photo source: globalnews.ca 1) Cancellation This is the risk the condo you... [read more]

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