Since 2018 is just around the corner now, I've been asked a couple of times what I think the Toronto real estate market will look like next year. In short, the year starts out with more headwinds than tailwinds. Known Headwinds <<< First, in case "headwinds" is too jargon-y, a headwind is something that slows the momentum of something (think of an airplane). I've broken these down into known, likely, and potential.  1) OSFI B-20:... [read more]

With 2019 almost upon us, I thought I'd share my thoughts on what I think the Toronto real estate market will look like next year. I've already shared some thoughts in this BNN Bloomberg article, but obviously I can go deeper here. Just as I concluded in my "What's in store for 2018?" (which I think played out pretty accurately), the year starts out with more headwinds than tailwinds. I'll use a similar format to last year, where I break down the headwinds and... [read more]

Here's your Toronto real estate market report for September. It's the sixth 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% > July +24.3% > August +13.4% > September +22.0% But keep in mind last year's 78,020 sales were the lowest total since 2008. You know we like to dig a little deeper here. Below is what I saw in the September stats. As always, these are just selected... [read more]

Here's your Toronto real estate market report for October. It's the seventh 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% > July +24.3% > August +13.4% > September +22.0% > October +14.0% But keep in mind last year's 78,020 sales were the lowest total since 2008. You know we like to dig a little deeper here. Below is what I saw in the October stats. As always, these... [read more]

Near the end of last year I wrote a blog post entitled "What's in store for Toronto real estate in 2019?" Now that we know how things played out, let's revist the 11 factors I listed as headwinds (will slow the market down) or tailwinds (will boost the market). I classified each of them as Known, Likely, or Possible. In this post I'll split them into what I got right, what I got wrong, or somewhere in between. 1) What I got right i)  OSFI B-20 "Stress... [read more]