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November 2020 charts: are freeholds out of hand?

Monday Dec 7th, 2020

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Carrying on the narrative from last month, and the last several really, condos are still having a rough go of things, and freeholds are not. You'll find the full set of market charts (only excerpts are highlighted below) here on my website. Let's get at November... Freeholds are all caught up - and then some After the big 416 freehold sales hole from April (-65% YoY) and May (-62%) and even June (-12%), I would never have thought we'd be able to... [read more]

October 2020 charts: are condos on the skids?

Monday Nov 9th, 2020

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Carrying on the narrative from last month, condos are still having a rough go of things, and freeholds are not. You'll find the full set of market charts (only excerpts are highlighted below) here on my website. Let's get at October... Freeholds are all caught up It's pretty crazy to look back at that sales hole from April (-65% YoY) and May (-62%). Heck, even June was -12%. The sales transaction deficit bottomed out at the end of June, with sales 1,634... [read more]

September 2020 charts: are we caught up yet?

Friday Oct 9th, 2020

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The split in how freehold and condo markets are acting that I pointed out last month carried on into September. The normally sleepier months of July and August were making up for a lost spring, posting higher than normal sales due to "pent-up demand." Well September did the same with 416 sales transactions up 19% over the same month last year. If that sounds high, 905 sales were up 57% YoY, as lowrise housing is de riguer.  You'll find the full set of market... [read more]

August 2020 charts: what a weird summer

Friday Sep 11th, 2020

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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

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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]

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