Toronto Detached Real Estate Is Down Over $100k From Peak
Toronto detached real estate saw a surge of sales in July, but prices continued to drop and inventory increased.
Toronto Real Estate Prices Slip Lower, But The Size of Losses Shrink
Toronto real estate showed signs of improvement from last year, but that doesn’t exactly say much. Toronto Real Estate Board (TREB) numbers show sales improved in July, printing a huge jump. Last year’s numbers were hampered by policy changes, so it isn’t the great news it appears. Despite showing big gains, most numbers indicate it […]
The BoC Still Thinks Canadian Real Estate Is More Affordable Today Than In 2008
Unaffordable real estate? The Government has no idea what you’re talking about. The Bank of Canada (BoC) Housing Affordability Index (HAI) shows affordability improved since 2008. Despite the hard to believe reading, it provides an interesting warning. Affordability of real estate is deteriorating with minor rate hikes, compared to 2008. Housing Affordability Index The BoC’s […]
Toronto Condo Prices Hit A New High As Inventory Rises Back To 2016 Levels
Toronto condo prices just keep ballooning, although less than they have been recently. Toronto Real Estate Board (TREB) numbers show the price of a typical condo reached an all-time high in June. Some of the pressure to move higher is finally being released though, as sales fall faster than inventory. Typical Toronto Condo Price Reaches […]
Toronto Hits A Multi-Year Record For New Condos Under Construction
Toronto real estate is about to get a whole lot of supply. Canada Mortgage and Housing Corporation (CMHC) numbers show Toronto CMA is just under the all-time high for homes under construction. Over 3 out of 4 of those units under constructions are condo apartments. The number of condos under construction vs population increase ratio, […]
Buyers Remorse? Here’s How Many Toronto Real Estate Buyers Walked Away Last Year
Toronto real estate sales sometimes fall through, it’s a reality of any market. It’s often not until a few months later that we find out how many sales actually closed. Toronto Real Estate Board (TREB) data shows sales fell through at a higher rate than usual last year. In a small window where price growth […]
Toronto Detached Real Estate Sales Rise, But Still The 2nd Worst June In At Least 7 Years
Toronto’s detached real estate is showing signs of improvement, but it’s far from a recovery. Toronto Real Estate Board (TREB) numbers show prices are down by tens of thousands of dollars in June. The lower prices did provide a little motivation for buyers, sending sales up from last year. Don’t get too excited though, it […]
Toronto Real Estate Sales Spike… Due To A Revision of Last Year’s Sales
Toronto real estate showed signs of life for the first time in a year, although there are a whole lot of footnotes. Toronto Real Estate Board (TREB) reported Greater Toronto price declines improved in May, compared to last month. Although they’re still down from the year before. Sales definitely did spike though! … but only […]
StatsCan: Nearly 1 In 10 New Homes In Toronto Scooped By Non-Residents In 2016-2017
Statistics Canada has updated the non-resident real estate ownership stats for Greater Toronto. Finally, some data!
Greater Toronto Is Seeing New Mortgages Drop Wicked Fast
If the adage that real estate prices follow credit growth is true, Toronto may be in for a rough ride. Using Bank of Canada (BoC) data to estimate dollar volumes, we see less mortgages are being issued in Greater Toronto. The decline is exclusive to traditional lenders, as more buyers turn to subprime loans. The […]
