Toronto Market Report - November/December 2020
Posted on Nov 22, 2020 in Market Report
SALES COMMENTARY
October showed 10,500 sales on TRREB. This was down about 5% from September but still up 25% from October a year ago. The delayed spring market continues with year-end sales expected to reach 92,000 units – the same volume as 2014 and 2017. We are still short of the record sales of over 100,000 which were achieved in 2015 and 2016...
Toronto Market Report - October/November 2020
Posted on Oct 21, 2020 in Market Report
SALES COMMENTARY
The big news is that September sales on TRREB, at just over 11,000 units, was a record for the month. It was also 42% higher than for September 2019. As we previously reported, these numbers represent a strong Spring market (usually April, May, June). The reality is that year-to- date sales in 2020 are now equal to those of 2019. Th...
Westlake, Phase II:
2200 LAKESHORE BLVD WEST
Posted on Sep 16, 2020 in Condo Building Reviews
With this Report, we are again looking at a specific condo and our focus is Westlake, Phase II. Registered in 2015, the condo sits at the intersection of Park Lawn and Lake Shore. Beneath the condo are retail stores including a Metro and Shoppers Drug Mart. The condo consists of 434 units in 44 storeys.
We looked at units that sold in 2020 from May...
Toronto Market Report - September/October 2020
Posted on Sep 15, 2020 in Market Report
SALES COMMENTARYAugust sales on TRREB were 10,775. This represented a 40% increase over August of last year. Some are reading too much into these numbers, trying to explain a ‘pandemic real estate boom’. The real story can be found in the year-to-date sale numbers. Year-to-date sales are still 5% lower than the number for 2019.
Most experts and econ...
Toronto Market Report - August/September 2020
Posted on Aug 18, 2020 in Market Report
SALES COMMENTARY
July was the biggest sales month of 2020 but also the biggest sales month ever for a July according to TRREB. This is the Spring market coming late. We also expect August numbers to be strong, with a slow down coming in October. We still believe in a COVID-19 second wave coming late in the Fall. Kids going back to school will be at...
ICE Condos:
12 YORK STREET
Posted on Jul 20, 2020 in Condo Building Reviews
This month we looked at sales in Ice Condos, more specifically the South Tower of the two-tower complex. It has a great location across the street from the Scotiabank Centre and is joined to the PATH. But its biggest claim to fame is that it has been the centre of the Airbnb market in downtown Toronto. With Covid-19 and with new City by-laws, the A...