Toronto Market Report - May/June 2020
Posted on May 22, 2020 in Market Report
SALES COMMENTARY
So how bad were sales on the Toronto Real Estate Board in April? 2975 units represents a sales drop of 67% from April of last year. In fact, no month in 2008, the year of the financial crash, was this low. The seasonality of real estate sales means that April sales are always larger than March. Instead, this year’s sales dropped by...
Toronto Market Report - February/March 2020
Posted on Mar 02, 2020 in Market Report
Sales results from January confirm that this will be a strong real estate year – not just in sales but for prices too. In January, sales were up by 15% over January of last year. But to put this in perspective, they matched January sales from 2016!
In terms of prices, the increases are even more dramatic. We had forecast a range of price increases f...
2020 Real Estate Market Report
Posted on Jan 09, 2020 in Market Report
YEAR IN REVIEW: IF YOU LIKED 2019, THEN YOU'LL LOVE 2020
1 The yield curve and its possible inversion will not lead to a recession and will have no impact on the economy (overall rates are already low).
2 A minority Government will lead to increased spending to stimulate the economy. Toronto and the GTA will lead economic growth again.
3 In 2019 we en...
Condo Market Report - November/December 2019
Posted on Nov 20, 2019 in Market Report
SALES COMMENTARY
October sale numbers from TREB provides two continuing trends. With 8491 sales (up 14% from October of 2018), this is the best October (with the exception of 2016) for the last six years. Yes, the resale market is back to normal levels. But, the second trend shows that listings both ‘new’ and ‘active’ are down 10% and 19% from a yea...
Condo Market Report - October/November 2019
Posted on Nov 11, 2019 in Market Report
SALES COMMENTARY
September was another solid month for sales, which clearly confirmed the upward market direction of this market. Sales were 22% higher than for September of last year. But this number is also slightly below the peak September years of 2016 and 2015. We continue to look at Listings as a future indicator. ‘New’ Listings for the month...
Condo Market Report - August/September 2019
Posted on Sep 20, 2019 in Market Report
SALES COMMENTARY
TREB reported 7,711 sales for August. We would describe this number as a return to more ‘normalized’ sales levels. See our Table below for August sales over the past seven years. While sales were lower than July, this is in-line with seasonal sales figures. We would also expect that September sales would be slightly lower again, bef...