Toronto condos pushed higher in January 2017. The month saw fewer listings, higher prices, and more sales than the same time last year.
Calgary real estate got a positive indicator finally, with sales of detached homes increasing 25% in January 2017.
Vancouver real estate can’t catch a break. Detached homes saw sales cut in half last month, and prices declined for the sixth month in a row.
Toronto real estate had a strong start to the year, with detached homes rising over 20% year over year in 3 out of 5 neighborhoods.
Census 2016 shows Metro Vancouver had a massive number of under utilized homes, so we thought we’d visualize it…for science.
January 2017 was a terrible month for Vancouver real estate. Sales are declining, inventory is building, and prices are dropping.
The average price of Toronto real estate increased by $40k in the first month of the year, a whopping 5% increase from the month prior.
Foreign transactions of luxury real estate in Vancouver are on the decline. Both the number of transaction and median price are dropping.
Toronto rental rates surged up to 25% in the last quarter of 2016, according to the latest release from the Toronto Real Estate Board.
Is Toronto’s luxury real estate actually booming? We take a deeper dive into the numbers, so you can make a better informed decision.