I used to have a searchable archive of all blog posts from 2016 to 2018 on my Century 21 website. However Century 21 changed over their websites to a new provider and now those links are gone. Thanks for that totally smooth changeover! I have now painstakingly migrated over all of my pre-2019 entries onto the website you're on now. That is, all of them except the monthly reports; I figured people probably wouldn't care too much now about how the Toronto real estate... [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]

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]

A real split is developing in the freehold versus condo markets. We've seen them act differently before (which is why I run separate charts), but it's getting pretty extreme now. This year has been such a wild ride. In February things were hot. March was a tale of two halves, with the onset of COVID-19 mesures. Then April was one long month of riding the brakes, followed by the start of recovering in May and June as listings rose (as did sales). And then the... [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]