Toronto Market Report - July/August 2020
Posted on Jul 18, 2020 in Market Report
SALES COMMENTARY
The real estate market returned to some normalcy in June and hence our Report is returning to its familiar format. June sales on TRREB (that’s Toronto Regional Real Estate Board to reflect the fact that our members are doing sales over a large part of Southern Ontario) were down only 1.4% from June of 2019. Sales were also 89% highe...
Toronto Market Report - June/July 2020
Posted on Jun 19, 2020 in Market Report
THE REAL ESTATE MARKET ACCORDING TO COVID-19:
1. The GTA market has been driven over the past 15 years by in-migration (from other parts of Canada and from non-residents) at a rate of 100,000 people per year. This has required about 40,000 new housing units each year. We have always delivered under 40,000 units a year and this shortfall has create...
Toronto Market Report - May/June 2020
Posted on May 22, 2020 in Market Report
SALES COMMENTARY
So how bad were sales on the Toronto Real Estate Board in April? 2975 units represents a sales drop of 67% from April of last year. In fact, no month in 2008, the year of the financial crash, was this low. The seasonality of real estate sales means that April sales are always larger than March. Instead, this year’s sales dropped by...
THE TIDES:
185 LEGION ROAD
Posted on Apr 20, 2020
The Tides is in south Etobicoke just north of Humber Bay Shores and within walking distance of the lake and parks. It has over 14,00 sq.ft. of amenities, including a rooftop pool. There is a strong sales history as the Tides was completed in 2006.
The one-bedroom unit is located on a high floor. it includes parking and a locker with 9 ft ceilings. I...
Toronto Market Report - April/May 2020
Posted on Apr 16, 2020
SALES SUMMARY
Yes, sales for the first two weeks of March were excellent for that time of year. Then the shut down and social distancing was put into place. We have shown in the Graph below (Figure 1), the Weekly Sales for the GTA from March 1st to April 11 (six weeks). From the peak to the most recent week, the decline is 85%.
Real Estate is deemed...
Real Estate is deemed...
VU CONDOS:
166 GEORGE STREET
Posted on Mar 02, 2020 in Condo Building Reviews
Vu Condos consists of two towers – 112 is a modern 24 storey tower and 116 is a soft loft mid-rise tower with 10 ft. ceilings. Located in the St. Lawrence market area, it is extremely walkable to work and shopping.
Our focus is on 116, and the first unit we compared was a one bedroom and den with parking and locker. Its main feature is a 200 sf. pri...