Posted on Mar 24, 2022 in Market Report
February sales on TRREB followed the trend from January. At 9097 sales, this was 17% lower than for January of 2021. Another way to look at these numbers is that the sales jump from January to February due to seasonality was 61% in 2022 compared to 58% in 2021. In other words, we are tracking in line with last year. Yes, sales are l...Posted on Feb 15, 2022 in Market Report
January sales on TRREB were down 18% from January a year ago, this was not unexpected. New listings were also down by 16%, but more importantly the number of ‘active’ listings (what you can buy) was down by 44% from last year. This number represents just over a half-month’s supply. Still January sales were the second best on record...Posted on Jan 05, 2022 in Market Report
Mortgage Rates will be higher. Our forecast is that variable rates will be still at 2% by year end and fixed rates will be 3%. Buyers still have to qualify at 5.25% so these changes will have a minimal impact..png)
Inflation is baked into the cost of new housing as it will be higher by 10+% in 2022. This will a...Posted on Dec 03, 2021 in Market Report
October sales at 9783 units were 8% higher than in September. While October sales were 7% lower than in 2020, they are still well above the long-term average of 8,000 units. While sales have been slowing from the start of the year, our forecast is that sales will run at elevated levels into the spring market (maybe not at 2021 numbe...Posted on Nov 19, 2021 in Condo Building Reviews
Bay tends to be an expensive street for condos due to its proximity to two downtown universities and the hospital row on University Ave. U Condos, adjacent to U of T, is one of the most expensive. Built 5 year ago, the tower at 1080 is 55 storeys and has 1002 units. We wanted to show that smaller units are even outpacing the overall condo market. B...Posted on Nov 03, 2021 in Market Report
For successful buyers and sellers, September was an excellent month. Sales on TRREB were at 9,046 units, the third highest mark for this month, although down 18% from September a year ago. More importantly, sales in September were 5% higher than August. This is the first month over month sales increase since the peak in March. Since...