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Price ratio between Detached and Condos falls to 2013 levels

Thursday Mar 22nd, 2018

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Many condo owners purchase with the intent of climbing aboard the "property ladder." The intention isn't usually to buy a condo as a "forever home" but rather to move up to a house once they have accumulated some equity. However, freehold (non-condominium houses) properties have been appreciating at a faster pace than condos over the years and with higher price to begin with, the price gap between the two ownership types has grown over the years. When GTA freehold... [read more]

Revisiting the house / condo price gap

Friday Oct 19th, 2018

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Back in March I wrote a blog post looking at the price gap between detached houses and condo apartments in the 416, noting it had come well off of the spring 2017 highs and was back to 2015 levels (on an absolute dollars basis) or 2013 levels (on a ratio basis). At that time I wrote: It may be a good time for move-up buyer to swing from a condo to a house as the price gap is back to 2015 levels. Then again, there may be more gap shrinking to come. I don't have a crystal ball,... [read more]

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

Friday Jul 26th, 2019

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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]

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

Wednesday Mar 6th, 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]

November 2019 charts: Why are condos so hot?

Friday Dec 6th, 2019

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Here's your Toronto real estate market report for November. After a slow start to the year (continuing where 2018 left off), the last 8 months have all been up double-digits in sales volumes, with November coming in at +14.2% across the GTA. The climb back in sales from a very low 2018 (78,017 sales was lowest since 2008) has been going on for months. But the year-over-year (YoY) increase in prices are a huge story, as is whatever the heck is going on with condos. Below are my top... [read more]

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