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Market Update for September 24th
The Canadian election is over, and the country’s leadership remains largely unchanged. However, a laundry list of election promises mean big changes to real estate are coming. Most of the promised plan seeks to create more demand for housing, which softens price...
Market Update for September 10
The Toronto Regional Real Estate Board (TRREB) is reporting the third-best sales result on record for the month of August. While the market has taken its regular summer breather, i t ’s clear that the demand for ownership housing remains strong. At the same time, the...
Market Update for August 27th
It was once common to only hear of bidding wars happening in traditional housing markets, however, in the lead up to this fall’s anticipated return to offices and post-secondary campuses, bidding wars for rental properties have become the norm in Vancouver and...
Market Update for July 30
Anyone following the latest headlines about Toronto’s housing market, has by now heard that Toronto’s housing market is showing signs of cooling. But these types of headlines can leave many buyers confused about what “cooling” really means. Active buyers who are still...
Market Update for July 23
The average Toronto condo price keeps on climbing, surpassing $720,000 in the second quarter of this year. A new report from the Toronto Regional Real Estate Board found that although condo sales dropped slightly this quarter compared to the last, prices continued to...
Market Update, July 16
After bottoming out in January, Toronto rent prices are well on their way back to pre-pandemic prices. As Ontario turns a corner in the COVID-19 pandemic, the average cost of rentals has risen by nearly $150 from the 12-month lows we saw in January. And much of that...
Market Update for June 25
Is the real estate market slowing down? We are getting asked that question a lot these days. A summer slowdown is normal for the real estate market as we transition from the intensity of the spring market into the summer market, and this shift happens almost every...
Market Update for June 11
Toronto-area home sales showed a slight cooling in May, which is traditionally the hottest month on the real-estate calendar. But home buyers were still feeling the heat last month as the average price for all types of houses and condos hit a record of $1.11 million —...
Market Update for May 28
What will downtown Toronto look like when the pandemic is over? Will the core regain its former glory? Among those who could work remotely, many swapped their micro-condos for houses with big backyards in small towns. The question is not whether downtown Toronto will...
May 14 Market Updates
According to a May 7, 2021, report by the Canada Mortgage & Housing Corp. (CMHC), the agency predicts home prices could rise as much as 14% during the second year of the pandemic, as low interest rates continue and fuel demand across the country. The prediction is...