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Toronto real estate bubble crash Time Machine

Thursday Nov 4th, 2021

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There is a segment of the population that's rooting for a crash in Toronto housing prices. There are Facebook groups with bubble in their group name, and I often see comments with this angle on real estate Twitter. I get it. Prices are high, and some people that want to buy feel their only hope is if we are actually in a bubble and that bubble bursts. Meanwhile prices keep climbing and climbing and climbing. Now, do I think they're always going to go up? No. Do I think they... [read more]

2021 MLS Awards: Toronto's most and least expensive sales of the year

Friday Jan 7th, 2022

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Welcome to the 3rd Annual MLS Awards. Last year's 2020 MLS Awards was one of my most popular blog posts of the year, and BlogTO found enough content in there to turn it into three different articles. If you're curious, the 2019 MLS Awards are still kicking around too. I started doing them because I was curious to see what the most expensive house that sold in Toronto on the MLS, then that made me wonder what the least expensive was. Then I wondered about... [read more]

Will suburban house prices come back to earth?

Thursday Jan 27th, 2022

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I've been seeing plenty of tweets like this one and this one and the latest Home Price Index numbers from TRREB look like this: The City of Toronto has the lowest price growth across the GTA (though at 23% year-over-year it's hardly pedestrian). There have been plenty of "urban exodus" articles written since COVID began. That can explain some of why there has been crazy price growth in the suburbs as of late. Why are 39 people offering on subdivisions in Ajax (with... [read more]

What's in store for 2018?

Thursday Dec 28th, 2017

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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]

How many people got burned by the 2017 correction?

Thursday Mar 1st, 2018

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[Note: the analysis from this blog post was referenced in a Globe & Mail article in March of 2018.] The calendar just turned from February to March. That means February real estate statistics will be released next week. And that means we're going to be seeing harsh year-over-year (YoY) price comparisons for the next few months. If you want a fun drinking game, have a shot every time you hear or read the media use any variation on the word "plunge" related to... [read more]

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