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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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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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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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