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How many people got burned by the 2017 correction?

Thursday Mar 1st, 2018

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[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

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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

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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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