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SARS outbreak of 2003 - did it affect Toronto's real estate market?

Thursday Mar 12th, 2020

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There's a possibility you've noticed Coronavirus Disease 2019 (COVID-19) is in the news a lot recently. Toronto's real estate market has been going gangbusters so far this year. Obviously COVID-19 is having a much larger global impact, both in terms of countries shutting down, and in terms of financial markets. So I'm not saying SARS and COVID-19 are apples to apples things because you can never look at these things in isolation as so many other factors come into... [read more]

2019 MLS Awards: Toronto's most and least expensive sales of the year

Friday Jan 10th, 2020

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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]

More REALTORS® in GTA than outside of Ontario

Wednesday Dec 13th, 2017

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*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]

Terminated listings: behind the scenes story indicates house slowdown

Monday May 15th, 2017

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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]

3 reasons the rush of new listings in Toronto is overblown

Wednesday May 17th, 2017

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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]

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