Welcome to the 2nd Annual MLS Awards. Last year's list was one of my most popular blog posts of the year and was deemed juicy enough to be picked up by BlogTO. I started doing them because I was curious to see what the most expensive house that sold in Toronto on the MLS was, then that made me wonder what the least expensive was. Then I wondered about condos and went down a bit of a curiosity rabbit hole. Though TRREBs' MLS system covers a wide geographic area, the below... [read more]

In the blog last month, it was a continuation of the narrative for several months whereby freeholds were going strong and condos were kind of hurting, especially in the downtown core. And then December happened. As always, you'll find the full set of market charts (only excerpts are highlighted below) here on my website. Let's get at December... About-face for condo sales For the first 6 months of the year, whether starting the year the year off hot in... [read more]

Carrying on the narrative from last month, condos are still having a rough go of things, and freeholds are not. You'll find the full set of market charts (only excerpts are highlighted below) here on my website. Let's get at October... Freeholds are all caught up It's pretty crazy to look back at that sales hole from April (-65% YoY) and May (-62%). Heck, even June was -12%. The sales transaction deficit bottomed out at the end of June, with sales 1,634... [read more]

Three and a half years ago, in the midst of the spring 2017 correction, I wrote a blog post called Terminated listings: behind the scenes story indicates house slowdown which was the third most popular blog post all-time on my old Century 21 website. It told the story of how terminations (and subsequent re-listings) were messing with new listings stats, and also showing weaknesses behind the scenes. I posted the blog in May 2017 when the April Freehold number was the 40%, but... [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]