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How many people got burned by the 2017 correction?

Thursday Mar 1st, 2018

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[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]

Toronto's housing stock turns over more slowly than you'd think

Monday Dec 17th, 2018

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Earlier this year, Statistics Canada released some housing info for the Toronto (and Vancouver) area that had housing stock info. I previously used the information for a blog post, "How many people got burned by the 2017 correction" which ended up being used in a Globe & Mail article. But I've been curious for a while as to just how much of Toronto's housing stock is on the market at one time, and how quickly things turn over. I did the calculations a long time ago but... [read more]

Is Renting for Suckers?

Monday Nov 28th, 2016

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The Globe & Mail ran an article by Rob Carrick yesterday entitled "Why do Canada's renters get such a bad rap?" In short, it says as house prices keep climbing, we've got to get over this narrow-minded thinking. photo via Architectural Conservancy of Ontario I certainly agree with his overall point, but I found one of his statements curious. When quoting Canada's home ownership rate at 69%, he stated "That’s one of the highest rates of... [read more]

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