Dave Debriefs

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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Hitting A New High

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As new Covid19 cases in Toronto drop from triple to double digits, we hope this newsletter finds you well. It’s been almost 4 months since the beginning of the state of emergency but for many of us, it feels like 4 years. Although the coronavirus continues to dominate headlines, for the first time ever, Toronto’s…

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Why Haven’t Prices Dropped?

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Compared to April which was the first full month of Covid19 protocols, Toronto’s May 2020 real estate results indicate that buyers and sellers are becoming more comfortable operating in the post pandemic environment. The real estate practices outlined last month still apply but as the weather warms and more businesses re-open, there is cautious optimism.…

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A New Way to Work

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In our March newsletter, I was commenting on the white hot real estate market. It’s remarkable how much has changed in such a short time. While the real estate industry was designated an essential service in March 2020, it has been far from business as usual. The Ontario Real Estate Association discourages in person meetings…

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Signs of the Times

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What a difference a month makes.  At this time last month, Toronto sales and prices were increasing year on year at breakneck pace.  On March 15, the market hit the pause button as social distancing practices came into effect.  Despite Covid-19 protocols in the latter part of the month, the blistering activity in the first…

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Here We Grow Again

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The spring market is upon us and Toronto is back to the white hot market of 2017.  A quick glance at Toronto’s February results shows double digit price increases for all types of housing. Last month, I provided an overview of the Toronto Real Estate Board’s forecast for 2020.  They estimated 10% price growth this…

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February Forecasts

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‘Tis the season for forecasts as Wiarton Willy and Punxsatawney Phil have already predicted an early spring. For the past 5 years, the Toronto Real Estate Board (TREB) provides their market outlook at the February economic summit!

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