Toronto Market Report - February/March 2020
Posted on Mar 02, 2020 in Market Report
Sales results from January confirm that this will be a strong real estate year – not just in sales but for prices too. In January, sales were up by 15% over January of last year. But to put this in perspective, they matched January sales from 2016!
In terms of prices, the increases are even more dramatic. We had forecast a range of price increases f...
2020 Real Estate Market Report
Posted on Jan 09, 2020 in Market Report
YEAR IN REVIEW: IF YOU LIKED 2019, THEN YOU'LL LOVE 2020
1 The yield curve and its possible inversion will not lead to a recession and will have no impact on the economy (overall rates are already low).
2 A minority Government will lead to increased spending to stimulate the economy. Toronto and the GTA will lead economic growth again.
3 In 2019 we en...
MAPLE LEAF SQUARE:
65 BREMNER BLVD
Posted on Nov 20, 2019 in Condo Building Reviews
With the start of the hockey and basketball seasons, we thought we would look at sales of the condo attached to Scotiabank Arena. There are actually two towers of 49 storeys each. If you want to be on the PATH, experience entertainment and dining, then this is your location. You don’t need a car here. Our sales focus is on 65 Bremner.
The first uni...Condo Market Report - November/December 2019
Posted on Nov 20, 2019 in Market Report
SALES COMMENTARY
October sale numbers from TREB provides two continuing trends. With 8491 sales (up 14% from October of 2018), this is the best October (with the exception of 2016) for the last six years. Yes, the resale market is back to normal levels. But, the second trend shows that listings both ‘new’ and ‘active’ are down 10% and 19% from a yea...
LAGO CONDOS:
56 ANNIE CRAIG DRIVE
Posted on Nov 12, 2019 in Condo Building Reviews
The Lago is located in Humber Bay Shores in Etobicoke. It is 50 storeys tall with 448 units. It was completed in 2017 as one of the newest buildings in the area.
We looked at a one-bedroom unit on a low floor with balcony and parking but no locker. It sold in 2017 as an Assignment for $340,000. It sold again in 2019 for $468,000 – an increase of 37...
Condo Market Report - October/November 2019
Posted on Nov 11, 2019 in Market Report
SALES COMMENTARY
September was another solid month for sales, which clearly confirmed the upward market direction of this market. Sales were 22% higher than for September of last year. But this number is also slightly below the peak September years of 2016 and 2015. We continue to look at Listings as a future indicator. ‘New’ Listings for the month...