‘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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‘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!
Read MoreAs we welcome in the new decade, I can’t help looking back at developments of the past decade. When we first moved into our house about 10 years ago, I recall speaking to one of my neighbours who has lived on my street since 1964. He told me he loved the neighbourhood and his home…
Read MoreEvery 4 years, the Municipal Property Assessment Corporation (MPAC) re-assesses all properties. Like the US presidential election cycle, MPAC will be re-assessing 2020. If MPAC over estimates the value of your property, you will be overpaying property taxes for the next 8 years. Property taxes are derived by multiplying the property tax rate by the…
Read MoreWith snow already on the ground and subzero temperatures, it’s undeniable that the autumn has already switched to winter. One of the biggest real estate shifts this year was the introduction of laneway houses in Toronto which has an apt program name: Changing Lanes. Given the high cost of housing and low vacancy rates, collecting…
Read MoreHappy Thanksgiving! Fall 2019 has been active as September year over year results saw an increase in sales volumes and prices across all types of housing in Toronto compared to last year. Given the tight housing supply, the days on market (DOM) decreased and multiple offers aka bidding wars are common. As with every war, there…
Read MoreAs summer comes to a close, September welcomes in the new school year which also means more traffic. Seems like us Torontonians are constantly battling traffic only to wrangle for parking once we reach our destinations. When purchasing a home, whether to include parking in the search is a trade off my clients often face. …
Read MoreSince I started the newsletter in 2016, the consistent trend in Toronto real estate statistics has been that condo prices have been steadily increasing while the freehold market has shown more volatility. The July 2019 Toronto real estate statistics continued this trend. Condo prices increased with increases (ie. semis) and decreases (ie. detached) in the freehold market having a net overall…
Read MoreEveryone seems to agree that the Toronto housing market is expensive and getting more so each year. This month I will delve into recent history to find out if prices for different types of homes are at all time highs. Toronto’s June real estate market continues a 3-month trend where the number of solds increased…
Read MoreThis month, I will finish the maintenance fee analysis we started in April by taking a closer look at a condo’s reserve fund. The hope is that we can uncover the condo unicorn which features low monthly maintenance fees per square foot; low operating costs per unit; a history of low operating cost increases and…
Read MoreLast month, I reviewed 30 Toronto condos to adjust the maintenance fee per square foot/month in order to make an apples-to-apples comparison. The average came to be $0.64 per sf/mth. This month, we’ll take a closer look of the operating costs and complete the maintenance fee trilogy next month with a closer look at the reserve…
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