Toronto Residential Realtors. Service Beyond The Status Quo
Toronto’s autumn real estate started off with a bang as prices increased across the board. The freehold sector was especially strong as semi-detached and detached properties increased by 14% and 20% respectively. Meanwhile condominium apartment prices increased by 9% compared to a year ago. Sales volumes were down as supply tightened with a 32% drop in new listings. …
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With summer right around the corner and phase 1 of re-opening, we hope this message finds you well. Toronto’s May results were strong. The chart below which compares May 2021 to May 2020 are skewed as May 2020 results were mired by the full onset of the pandemic. More instructive is the 2021 month-on-month trends. …
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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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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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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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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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‘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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Every 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…
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With 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…
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Happy 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…
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