Toronto Market Report - February/March 2021
Posted on Mar 10, 2021 in Market Report
SALES COMMENTARY
Record home sales continued in February with sales 52% higher than in 2020. The 10,970 sales are equal to the peak of a normal spring market. February also recorded 15,137 ‘new’ listings, but by month-end there were only 8,727 ‘active’ listings – under a one-month supply.The condo market also joined the party. Condo sales this Febru...
The Polo Club
1055 BAY STREET
Posted on Mar 09, 2021 in Condo Building Reviews
One of the older condo buildings in Toronto (built in the eighties), is 23 stories and has 336 units. These units have 8 ft. ceilings and no balconies. These are not features that appeal to young buyers. What it does have is a superb location near universities and hospitals and sits just south of Yorkville. Are there any deals to be found in older...
Toronto Market Report - January/February 2021
Posted on Mar 01, 2021 in Market Report
SALES COMMENTARY
The year started off much like 2020 ended: with sales and prices rising to record levels. Even condos and in particular Downtown condos, joined the market upswing. January sales at 6,900 units were 52% higher than last January. Average prices were up by 15% over January of last year too! So, let us address why real estate has been so...
ICE Condos 2
14 YORK STREET
Posted on Feb 23, 2021 in Condo Building Reviews
We wanted to test the impact of COVID-19 over 2020 on Downtown condos. We picked Ice Condos because there were a significant number of sales and it has been at the centre of Airbnb rentals which have since been banned by the building because of COVID-19 and severely restricted by Toronto. We looked at 5 sales in 2021; 5 sales from September to the...
2021 Toronto Real Estate Market Forecast
Posted on Jan 13, 2021 in Market Report
2020 YEAR IN REVIEW
The impact of COVID-19 : It created a tale of two markets – low rise versus condos. Low rise prices increased 15% and condo prices were down 10%. It moved the Spring market from April to July. Sales on TRREB at 93,000 units matched the seven -year average.
The printing of money and low interest rates : People wanted to spend. Trav...
Aura Condos
386 YONGE STREET
Posted on Nov 24, 2020 in Condo Building Reviews
What we know is that Condo prices continued to rise from October through to February. With the COVID-19 lockdown, what was the impact after that point? We looked at three sales at the Aura Condos at 386 Yonge St:
Looking at the price/sf over 2020, it is only since June that prices have decreased about $50/sf. For an average sized Condo, the price de...