Massey Square Condos
5 MASSEY SQUARE
Posted on Sep 30, 2021 in Condo Building Reviews
The Massey Square complex of condos is in Crescent Town, a 10-minute walk to the Victoria Park subway station. Yes, the building is 48 years old, but the units are large and VERY affordable. Condo fees are high because all utilities are included. Expect to pay $750-800 per month but property taxes are just under $1,000 per year. Because of high co...
Toronto Market Report - September 2021
Posted on Sep 17, 2021 in Market Report
SALES COMMENTARY
AFFORDABILITY in housing and not sale numbers has taken over the real estate discussion for most people with the politicians jumping on board. For 2021 year-to-date, the number of sales under $600,00 was 13,049 units or 15% of total sales on TRREB. In 2020 to the end of August, the numbers were 13,437 and 23%. While the drop-in unit...Toronto Market Report - August 2021
Posted on Aug 18, 2021 in Market Report
SALES COMMENTARY
As we previously forecasted, sales in July continued to slow from the previous month. TRREB reported 9390 sales, down 15% from July of last year and 15% from June. On the other hand, July sales were the biggest since 2016 for the month. Looking forward, we expect August sales to be even lower than July. The true test of sales activi...Toronto Market Report - July 2021
Posted on Jul 19, 2021 in Market Report
SALES COMMENTARY
June marked the third month in a row of declining sales. The all-time peak in sales was March on the Toronto Regional Real Estate Board. That is not a bad thing and at over 11,000 sales it was the third-best June sales month. We can also forecast that 2021 will be the biggest sales year ever, at 117,000 units. Compare that to previo...Toronto Market Report - May 2021
Posted on May 14, 2021 in Market Report
SALES COMMENTARY
Sales in April on the Toronto Regional Real Estate Board (TRREB) were 13,663 units. That was a decrease of 12.7% from March. Some have suggested that this signifies the start of a market downturn. That is a little premature. April was the second largest sales month ever on the Board. Rather, we are entering a more normal market but...Toronto Market Report - March/April 2021
Posted on Apr 20, 2021 in Market Report
SALES COMMENTARY
What can you say about sales on the Toronto Regional Real Estate Board for March? At 15,652 sales, this is a single month record. You can see the six biggest sales months on TRREB in the past six years in Table 1 below.So, what happens next? We have already seen a slowing in the first ten days in April. Instead of 40 Showings on a l...