How many people got burned by the 2017 correction?

Thursday Mar 1st, 2018


[Note: the analysis from this blog post was referenced in a Globe & Mail article in March of 2018.] The calendar just turned from February to March. That means February real estate statistics will be released next week. And that means we're going to be seeing harsh year-over-year (YoY) price comparisons for the next few months. If you want a fun drinking game, have a shot every time you hear or read the media use any variation on the word "plunge" related to... [read more]

Toronto's housing stock turns over more slowly than you'd think

Monday Dec 17th, 2018


Earlier this year, Statistics Canada released some housing info for the Toronto (and Vancouver) area that had housing stock info. I previously used the information for a blog post, "How many people got burned by the 2017 correction" which ended up being used in a Globe & Mail article. But I've been curious for a while as to just how much of Toronto's housing stock is on the market at one time, and how quickly things turn over. I did the calculations a long time ago but... [read more]

November 2019 charts: Why are condos so hot?

Friday Dec 6th, 2019


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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