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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]

Toronto Real Estate returns report: 20 years of ROI - Q2 2017

Friday Jul 28th, 2017

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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. This is the third time I've compiled these numbers (following Q4 2016 and Q2 2016). I will excerpt some charts in this blog post, but the full report is available here on this website, or as a SlideShare presentation. Please note... [read more]

Why do Toronto house prices fall in the summer?

Monday Aug 28th, 2017

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First of all it's important to know what goes into the price of a home. You may be familiar with MPAC (Municipal Property Assessment Corporation). They're the ones that do your property assessments every four years upon which your municipal property taxes are based. They're responsible for assessing and classifying more than 5 million properties so they know a little about home values. According to MPAC, the following 5 factors account for 85% of the value of a house: Show me... [read more]

The Home Price Index - what it is and why TREB is pushing it more

Monday Sep 25th, 2017

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The MLS® Home Price Index ("HPI") has been emphasized a bit more by the Toronto Real Estate Board ("TREB") recently, and I've been seeing it mentioned in the media a bit more of late. This index is supposed to work like the Consumer Price Index ("CPI") that most are familiar with. The CPI tracks changes in price of a "basket of goods and services," while the HPI tracks a "basket of home attributes." In both cases what's in the basket... [read more]

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