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What's in store for 2018?

Thursday Dec 28th, 2017

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Since 2018 is just around the corner now, I've been asked a couple of times what I think the Toronto real estate market will look like next year. In short, the year starts out with more headwinds than tailwinds. Known Headwinds <<< First, in case "headwinds" is too jargon-y, a headwind is something that slows the momentum of something (think of an airplane). I've broken these down into known, likely, and potential.  1) OSFI B-20:... [read more]

September 2019 charts: Freehold volumes normalizing

Wednesday Oct 23rd, 2019

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Here's your Toronto real estate market report for September. It's the sixth 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% > July +24.3% > August +13.4% > September +22.0% But keep in mind last year's 78,020 sales were the lowest total since 2008. You know we like to dig a little deeper here. Below is what I saw in the September stats. As always, these are just selected... [read more]

October 2019 charts: Climbing back to 2017 peaks

Thursday Nov 7th, 2019

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Here's your Toronto real estate market report for October. It's the seventh 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% > July +24.3% > August +13.4% > September +22.0% > October +14.0% But keep in mind last year's 78,020 sales were the lowest total since 2008. You know we like to dig a little deeper here. Below is what I saw in the October stats. As always, these... [read more]

Guarantee: Double-digit price growth for Toronto in January 2017

Thursday Jan 5th, 2017

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We all know that the 2016 real estate market in Toronto was hot in terms of price growth. TREB just released its December 2016 Market Watch report today. I'm predicting that one month from now you're going to be reading articles crying "2017 Toronto real estate prices continue to skyrocket!" Here is why. I'll use detached houses to illustrate. [Detached represent 72% of house transactions and 42% of all transactions. As usual, all figures I... [read more]

2019 Toronto Real Estate predictions

Sunday Dec 30th, 2018

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With 2019 almost upon us, I thought I'd share my thoughts on what I think the Toronto real estate market will look like next year. I've already shared some thoughts in this BNN Bloomberg article, but obviously I can go deeper here. Just as I concluded in my "What's in store for 2018?" (which I think played out pretty accurately), the year starts out with more headwinds than tailwinds. I'll use a similar format to last year, where I break down the headwinds and... [read more]

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