I was curious to see what the most expensive house that sold in Toronto on the MLS was last year, as well as the least expensive. Same for condos. So I looked them up. Then I went down a bit of a curiosity rabbit hole and at the end I figured if I was curious, you might be too, so I'm sharing them on this blog post. Though TREB's MLS system covers a wide geographic area, the below are just for my main area of interest, the City of Toronto (aka the 416), unless noted otherwise. I'll... [read more]

*MILESTONE ALERT* Based on the latest TREB membership numbers, we have now surpassed 50,000 REALTORS® working with the Toronto Real Estate Board (TREB). There are only 50,000 Realtors working outside of Ontario in the other 9 provinces and territories put together! The July 1 population of Canada in 2017 was 36.7 million people¹. Currently roaming among us in this fine country are 120,000 Realtors (per Canadian Real Estate Association). The Ontario Real... [read more]

I've been noticing more terminated listings recently, and they indicate a shift in the Toronto market for houses. Here's an actual example, with a bungalow in W02 Runnymede-Bloor West Village (the listing agent saw my blog post and kindly requested I take down the picture, so that's why it's all blacked out): This house was originally listed on April 25 with a price of $899,000 with an offer night of May 1. It obviously didn't sell on offer... [read more]

When the Toronto Real Estate Board (TREB) released its April 2017 statistics, a lot of media keyed in on the year-over-year (YoY) increase in new listings and how they "soared" or "jumped": Indeed the overall numbers were up. Some commentators were saying that this was indicating a "flood" of listings as people were rushing to sell their homes and cash out of the market before the bubble burst. I have 3 problems with this, which I'll get to below.... [read more]

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]