Greater Toronto real estate may be approaching its peak. Toronto Regional Real Estate Board (TRREB) data shows the benchmark price generally climbed in June. Instead of moving all in one direction like the past few months though, it broke into segments. The 905 is doing much better than the City, which continues to underperform. So […]
It’s not just Canadian home prices showing bubbly signs, but rental prices are following too. The cost of renting an apartment in the suburbs is rising much faster than in the city. Economists call this the flattening of the bid-rent curve, or rental gradient. Basically, the discount for being located further from amenities is disappearing. […]
Tales of big city buyers pushing prices higher in small towns has more data confirmation. Teranet, Ontario’s private land registry operator, conducted a study on provincial migration. They found existing homeowners migrated in record numbers over the past 3 quarters. Owners fleeing Toronto paid much more than the average migrating household as well. This likely […]
Greater Toronto real estate is showing signs of cooling, but buyers haven’t noticed. Toronto Regional Real Estate Board (TRREB) data shows home prices reached a new record high in May. It was accompanied by accelerating price growth, despite a decline in home sales. Home sales falling faster than new listings is typically followed by a […]
Greater Toronto new home prices slipped, as inventory helped to ease pricing pressure. BILD GTA, a local developer group, said sales climbed in April, especially in the condo segment. Higher inventory helped to attract more buyers, but also contributed to lower prices. New home prices fell up to $48,000 in just one month. A hefty […]
We’ve all heard it. Everyone’s friend has a friend, that’s making a buttload flipping Toronto real estate. Considering the benchmark home price jumped $155,100 over the past year, flippers must be rolling in cash. Diving through April sales data, flippers definitely make up a big chunk of listings. While they’re making decent money, they aren’t […]
Greater Toronto real estate’s inventory squeeze appears to be rapidly coming to an end. The sales to new listings ratio (SNLR) made a very sharp decline in April, marking the third month in a row. Such sharp corrections in the SNLR are historically associated with falling price growth. Over just the past 3 months, the […]
Greater Toronto real estate prices are seeing high growth accelerate even faster. Toronto Regional Real Estate Board (TRREB) data shows a new record high for home prices in April. Detached home prices are now up six-digits from last year. The big story is condo apartments though. The segment had been lagging the general market over […]
New home listings in Greater Toronto found a lot of deep-pocketed buyers in March. BILD GTA data shows new home sales had the second-biggest March in the past 20 years. People must really want a new home in Toronto, because prices jumped hundreds of thousands of dollars in just a year. Greater Toronto New Home […]
Greater Toronto real estate is now earning far more than most owners could make working. Toronto Regional Real Estate Board (TRREB) data shows home prices soared in March. A typical home saw prices rise by half the region’s median wage in just over a single month. That’s a typical home. A detached home jumped in […]
