With real estate statistics, the most common comparison is straight-up year-over-year comparisons of actual numbers (e.g. May 2018 vs. May 2017). TREB has also increasingly been mentioning the Home Price Index ("HPI") and Seasonally Adjusted ("SA") numbers. And people are skeptical of them. I know I was skeptical about them too because they are calculated in a mysterious black box and we don't know what numbers go in there and how they do things. TREB is so biased that... [read more]

Here's your Toronto real estate market report for June. It's the third month in a row that GTA-wide sales volumes are up by double-digits versus last year (April +16.8%, May +18.9%, June +10.4%). But as always, you know we like to dig a little deeper. Below is what I saw in the June stats. As always, these are just selected highlights. The full set of market charts is available on SlideShare.  1) The return of lowrise sales This was a theme from last month too. In... [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. I've been compiling this after the June and December market statistics are released. I will show some of the charts in this blog post, but for the full picture, the entire ROI report is available on the ROI report section of my website, or... [read more]

The population of Canada in 2015 was 35.9 million people¹. The number of REALTORS® nationwide is currently 115,000 (per Canadian Real Estate Association). That's a lot of Real Estate Agents. Going by that per capita rate, you would expect the Toronto Census Metropolitan Area (CMA) with its population of 6.13 million¹ would have about 19,700 REALTORS®. But there are currently (at time of writing) 45,000 REALTORS® per the Toronto Real Estate Board (TREB).... [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. I've been compiling this after the June and December market statistics are released. Here's where you can find the last post, for Q2 2019.  I will show some of the charts in this blog post, but for the full picture, the entire report is available on... [read more]