Every month recently has been a lot different than the prior. In February things were hot. March was a tale of two halves, with the first half continuing hot, and then the brakes coming on in the second half after all three levels of government started implementing COVID-19 measures. Then April was one long month of riding the brakes, with 2,975 GTA sales representing the lowest April in the last 25 years (as far back as TRREB supplies monthly numbers for). May was a bit of bounceback... [read more]

Back in March I wrote a blog post looking at the price gap between detached houses and condo apartments in the 416, noting it had come well off of the spring 2017 highs and was back to 2015 levels (on an absolute dollars basis) or 2013 levels (on a ratio basis). At that time I wrote: It may be a good time for move-up buyer to swing from a condo to a house as the price gap is back to 2015 levels. Then again, there may be more gap shrinking to come. I don't have a crystal ball,... [read more]

Recapping the year to date, January and February started out hot. March was a tale of two halves, with the first half continuing hot, and then the brakes coming on in the second half after all three levels of government started implementing emergency measures to help contain the spread of COVID-19. Then April was one long month of riding the brakes. GTA-wide transactions went from about 9,000 last year to just under 3,000 this year - the lowest April in the last 25 years (as far back as TRREB... [read more]

Every month recently has been a lot different than the prior. In February things were hot. March was a tale of two halves, with the first half continuing hot, and then the brakes coming on in the second half after all three levels of government started implementing COVID-19 measures. Then April was one long month of riding the brakes, with 2,975 GTA sales representing the lowest April in the last 25 years (as far back as TRREB supplies monthly numbers for). May was the start... [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 posts for Q4 2017, Q2 2017, Q4 2016 and the first primitive one I did for Q2 2016. I will show some of the charts in this blog post, but for the full... [read more]