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What I am seeing on the ground in COVID-19 times

Monday Mar 23rd, 2020

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These are wild times. New proclamations are coming out seemingly daily from all levels of government, with the latest (at time of writing) being the Ontario government closing all non-essential businesses as at 11:59 PM Tuesday. I'm getting clients, people on my social media, and friends and relatives reaching out and asking me what affect I think it will have on Toronto's real estate market. So I figured I should write this blog post. (In earlier days, I took a look at whether the 2003... [read more]

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]

Purplebricks (and other disruptors) haven't been too disruptive

Thursday Jun 13th, 2019

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The Globe & Mail just ran a large article (subscribers only) on Purplebricks, a budget brokerage that's newer to the Canadian market, as well as a couple of other self-identified disruptors entering the Canadian real estate market. I provided some analysis that I had done for the article, but they just ran a few bits of it, so I thought this would be a good place to share the full numbers I looked at, as well as give some commentary on the article... [read more]

February 2020 charts: are things out of hand again?

Thursday Mar 05th, 2020

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Here's your Toronto real estate market report for the month of February. The year has jumped off to a strong start, exhibiting signs of an extreme seller's market similar to early 2017. In fact, I just wrote a blog entitled "Just how closely does early 2020 resemble early 2017 in Toronto real estate?" because that's a popular headline now. My conclusion - and the same is my overall message for this month, is that there were a lot of statistics that were... [read more]

January 2019 charts: off to a rough start

Friday Feb 15th, 2019

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Here's your Toronto real estate market report for January. It's a slow start for 2019. Below is what I saw in the January stats. As always, these are just selected highlights. The full set of market charts is available on SlideShare. 1) 416 weighing down the GTA (for a change) In TREB's January Market Watch report they note "It is encouraging to see the slight increase in January transactions on a year-over-year basis, even with the inclement weather... [read more]

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