Dave Debriefs

Feeling Bullish

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Toronto’s April results continued to be strong in both the condo and freehold markets.  The freehold market saw double-digit price increases compared to last year. Despite these increases, buyers for ground-oriented properties exercised more caution.  The federal government announced a higher stress test hurdle of 5.25% from 4.79% leading to month on month prices to…

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No Letting Up

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As expected, low interest rates and pent up demand resulted in a booming month for Toronto’s real estate market.  The table below outlines double-digit increases in volumes and prices for freehold properties, while condos experienced brisk sales compared to relatively flat prices compared to a year ago. If it feels like there’s been no let…

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Mercury Rising

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As the temperature rises, Toronto’s real estate market is following suit. Toronto’s February 2021 sales transactions increased by 51% compared to same time year ago.  On the pricing side, there was double-digit price growth for detached and semi-detached properties while condo prices on average dipped by 6% over this same period. It’s become common for…

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The Hottest Thing In A Cold Season

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Happy Lunar New Year!  Amidst negative double-digit temperatures and despite Wiarton Willie’s forecast for an early spring, the only thing that’s red hot is the real estate market. The year started off with a bang as Toronto’s 2021 real estate transactions were dramatically higher than January 2020 (Please download images to view the table). Total transactions increased by 66% as buyers came out…

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Riding the Ups and Downs

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Toronto’s real estate market closed out with a record boom! December’s robust results were fuelled by low interest rates and strong demand amidst impending vaccine rollouts. Transactions for all types of properties soared compared to the previous year.  Meanwhile freehold property pricese continued to increase while prices slumped for condominium apartments.  There’s good news for condo owners as…

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Less Is More

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If you’ve been keeping up with our recent newsletters, it should come as no surprise that Toronto’s November real estate results continued the trend that started mid-year.  Limited supply of freehold properties and strong demand for more indoor and outdoor space are driving price growth for ground-oriented properties.  The following table shows how sales of freehold properties…

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High Rise Opportunities

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I hope this message finds you well.  As I pen this, today is November 11th. While Remembrance Day services are smaller than in previous years, this does not minimize the many who sacrificed their lives to protect our country. We honour our veterans and those in active service. The leaves are mostly off the trees…

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Landlords, Take Note

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Happy Thanksgiving!  I hope you are enjoying the fall colours. Toronto’s September real estate results continued the 3-month trend of increasing sales and prices compared to the respective months last year. (You will need to download images to the see the table). The condo market saw a significant increase in new listings as the freehold…

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Spring Into Fall

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As outlined in the June, July and August newsletters, supply continues to be low despite strong consumer interest.  Toronto’s August 2020 real estate sales were considerably stronger than a year ago as pent up post- lockdown consumer demand and low interest rates resulted in higher sales and prices compared to August 2019.  The table below (you will need to download…

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Mid-Summer Momentum

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As Toronto enters stage 3, we hope this message finds you well. July real estate results were strong as low interest rates and declining Covid 19 cases instilled consumer confidence. New listings and sales jumped compared to July 2019 as buyers and sellers acclimated to post-pandemic ways of transacting real estate.  The beneficiaries were clearly sellers of freehold properties as…

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