Condo Market Report - August/September 2019
Posted on Aug 22, 2019 in Market Report
SALES COMMENTARY
TREB sales for July at 8595 units were 24% higher than July of 2018, and 46% higher than in July of 2017. Sounds impressive but July sales in 2016 and 2015 were actually 15% higher than in 2019! The real takeaway is that the summer/seasonal drop in sales from June to July was only 3% in 2019. That is the lowest drop in the last five...
TREB sales for July at 8595 units were 24% higher than July of 2018, and 46% higher than in July of 2017. Sounds impressive but July sales in 2016 and 2015 were actually 15% higher than in 2019! The real takeaway is that the summer/seasonal drop in sales from June to July was only 3% in 2019. That is the lowest drop in the last five...Condo Market Report - July/August 2019
Posted on Jul 15, 2019 in Market Report
SALES COMMENTARY
June sales on TREB were 8860 units. Even though they were 10% higher than June of last year, we now know how this year will unfold. May will be the peak sales month this year, and we will finish the year with 84,000 sales – 8% higher than 2018 and slightly less than 2010! The positives from this market are: 1) listings are running b...
Condo Market Report - June/July 2019
Posted on Jun 10, 2019 in Market Report
SALES COMMENTARY
Sales for May on TREB reached 9,989 units (we predicted 10,000 earlier in May). That is 19% higher than May of 2018. But before anyone thinks we are back to a ‘boom’ market, realize that the average over the last ten years for sales in May was 10,300 units. Of more importance is to track the month over month growth in sales. For 201...Condo Market Report - April/May 2019
Posted on May 01, 2019 in Market Report
SALES COMMENTARY
Condo Market Report - Feb/Mar 2019
Posted on Mar 04, 2019 in Market Report
Sales for January of this year, started out very similar to those of January in 2018. Our Forecast last month said that ‘what you saw in 2018 is what you will get in 2019’ and the first numbers seem to support that. Sales and ‘active’ listings on TREB were unchanged from those of a year ago. While real estate sales are seasonal, we...
2019 Real Estate Market Forecast
Posted on Jan 01, 2019 in Market Report
2018 Year in Review
Before we begin our fearless forecast for this year, we need to recount our predictions for 2018. Buyers and Sellers should be pleased with how prices unfolded. Downtown condos averaged a 10% increase. Low rise under one million in Toronto also increased by 6%. The 905 area saw minimal price appreciation with York Region showing...