August 2020 charts: what a weird summer

Friday Sep 11th, 2020


A real split is developing in the freehold versus condo markets. We've seen them act differently before (which is why I run separate charts), but it's getting pretty extreme now. This year has been such a wild ride. In February things were hot. March was a tale of two halves, with the onset of COVID-19 mesures. Then April was one long month of riding the brakes, followed by the start of recovering in May and June as listings rose (as did sales). And then the... [read more]

June 2020 charts: listings on the rise

Thursday Jul 16th, 2020


Every month recently has been a lot different than the prior. In February things were hot. March was a tale of two halves, with the first half continuing hot, and then the brakes coming on in the second half after all three levels of government started implementing COVID-19 measures. Then April was one long month of riding the brakes, with 2,975 GTA sales representing the lowest April in the last 25 years (as far back as TRREB supplies monthly numbers for). May was the start... [read more]

Why I don't think we're in a buyer's market yet

Tuesday Jul 18th, 2017


There have been a bunch of recent stories in the media about how we're now in a buyer's market. I just did a Google search for "Toronto buyer's market" in news, and voila: The year 2016 A.D. will go down as a hot year for Toronto real estate. Year-end average house prices in the 416 were up 22% over the previous December, which was the second highest gain in the last two decades (behind 29% in 2007). Average condo prices were up 16%, the third highest... [read more]

Toronto Real Estate returns report: 20 years of ROI - Q2 2019

Friday Jul 26th, 2019


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. I will show some of the charts in this blog post, but for the full picture, the entire ROI report is available on the ROI report section of my website, or... [read more]

June 2019 charts: TREB still hates the stress test

Friday Jul 5th, 2019


Here's your Toronto real estate market report for June. It's the third month in a row that GTA-wide sales volumes are up by double-digits versus last year (April +16.8%, May +18.9%, June +10.4%). But as always, you know we like to dig a little deeper. Below is what I saw in the June stats. As always, these are just selected highlights. The full set of market charts is available on SlideShare.  1) The return of lowrise sales This was a theme from last month too. In... [read more]