The hottest news and analysis on Toronto real estate. Here’s where you’ll find the latest home prices, and trending issues on housing in the Six.
Toronto’s detached real estate market continued to get colder last month. Toronto Real Estate Board (TREB) numbers show prices stalled in December. The lack of price movement was due to a multi-year low for sales, and higher than typical inventory. The Price Of A “Typical” Detached Is Almost Flat Detached home prices didn’t move much […]
Toronto real estate is printing new records, but not the good kind. Toronto Real Estate Board (TREB) numbers show prices increased in December, when compared to 12 months ago, but are still below peak. It was also the slowest December for sales in 6 years, with the second highest inventory in the same period. Toronto […]
Greater Toronto new homes sales are cooling. BILD and Altus Group numbers show sales dropped to multi-year lows in November. The decline in sales is combining with higher building activity, sending inventory higher than we’ve seen in the past few years. Greater Toronto New Detached Prices Fall, While Condos Rise The price of a new […]
Toronto condo prices fell from an all-time high. Toronto Real Estate Board (TREB) numbers show a minor price decline for condo apartments in November. Annual price gains still remain very large, although they continued to decelerate. The big story this month is the board reported the fewest condo sales for November since 2013. Toronto Condo […]
Toronto real estate pushed to new highs, bringing the city’s debt level with it. Breaking down the Canada Mortgage and Housing Corporation (CMHC) numbers from yesterday, we can see where Toronto spends its cash. In Q2 2018, over 80% of Toronto Census Metropolitan Area (CMA) debt was tied directly to the value of real estate. […]
Toronto detached real estate sales are falling off a cliff. Toronto Real Estate Board (TREB) numbers show November prices are just off of last year. That’s the least important takeaway from the numbers. Instead, detached sales falling to Great Recession levels and high inventory is the big story. Toronto Detached Real Estate Prices Are Flat […]
Toronto real estate buyers may be paying slightly more than last year, but there’s a lot less of them. Toronto Real Estate Board (TREB) numbers show November at a multi-year low for sales. Toronto’s sales low came with higher than average inventory, but prices still moved higher due to a condo apartments. Toronto Real Estate […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Money Supply Prints Another Ominous Signal For The Housing Cycle The Canadian money supply is printing a warning sign. The growth rate of M2++, the broadest measure of Canadian money, fell to 5.1% – down 20.3% from last year. […]
Greater Vancouver real estate is seeing softer demand for pre-sale units. Numbers from MLA Canada, a Vancouver-based real estate advisory firm, show more pre-sale units hit the market than expected in October. At the same time, same month absorption has continued a trend of declines. Greater Vancouver Pre-Sale Real Estate Sales Rise Over 31% The […]
Greater Toronto is seeing the fewest new real estate sales for October in over half a decade. Altus numbers, obtained from BILD, show sales made a huge nose dive in October. The sales decline resulted in higher inventory, and mixed price movements. Greater Toronto New Detached Prices Fall, While Condos Rise Greater Toronto is a […]
