Market Update – Nov 20
Toronto Condo Prices Down 9% from Peak - Recent news articles about Toronto’s condo market range from pessimistic to optimistic leaving many wondering what exactly is happening. In early October condo listings surged 215% in downtown Toronto, while a couple of weeks...
Market Update for the Week of October 23
With the high stakes of the upcoming US presidential election on November 3rd, people are getting nervous about what they will be waking up to. If you’ve been holding off purchasing property or investing until after the election because of the uncertainty, here is...
Market Update, October 16th
Fleeing the city? It may be cheaper to buy a home in the “burbs” but have you stopped to think about some of the extra costs? Property taxes are a good place to start. Toronto and Vancouver, the country’s two most expensive housing markets: they’re both property tax...
Market Snapshots for September 2020
Just in time for Thanksgiving of a different sort, the latest market snapshot from Bosley Real Estate shows a market with strong growth potential, despite uncertainty over COVID-19. The City of Toronto Snapshot: The Greater Toronto Area Snapshot:
Market Update for Sept 18
Now that fall is here the real estate market is sending us puzzling signs. The GTA benchmark house price has continued to rise; however, condo prices are beginning to drop, and the market is running into strong headwinds. Homebuyers were sidelined March through May,...
Market Update for Sept 18th
Condominium prices, rents, and sales have taken a substantial hit from COVID-19, much more so than other housing types, leading many to wonder if condos will recover from the pandemic. For the moment, the news isn’t good. For example, second-quarter condominium sales...
Market Update for August 21st
Canadian real estate prices are growing at a breakneck speed. More homes were sold in July than any other month on record, with data going back more than 40 years. The performance of the housing market during this pandemic recession has been a big surprise. The price...
Market Update for August 7th
The real estate market remains hot! July was a record-breaking month for real estate as the GTA reported 11,081 sales - a 29.5% increase over July 2019 and a new record for the month of July. It’s hard to believe we are in a pandemic and the numbers for July are...
July Market Snapshots
Bosley Real Estate has released their latest market snapshots for the month of July, 2020. While we're finally digging out way out of the pandemic, real estate markets continue to show growth as normalcy returns. The market snapshot for the City of Toronto: The market...
Market Update for July 31
Toronto new condo sales fell to their lowest level as developers stopped launching projects when Covid shuttered the economy and slowed home building. There were only 1,385 new condo sales in April, May and June, the weakest activity since 2009 when the U.S. housing...