Fly Condos launched about 7 months ago and sales were decent at first but then quickly dropped off as the market changed in October/November quite dramatically. Like many developers, Empire is not just sitting around waiting for buyers to walk through the door. They are getting aggressive with pricing and incentives. Recently they launched an […]
The Toronto condo market is hot right now. No seriously, it is. After months of writing to my readers about how slow the market has been, there has been a fundamental shift in the marketplace over the past 4 weeks. Multiple offers are back with a vengeance. The best properties are selling over asking and […]
The Met consists of 3 buildings: The Met (21 Carlton), Encore at The Met (25 Carlton), and a lowrise building in between the two towers which has townhomes (Granby Street Maisonettes) and a few additional condo units. The Met is one of the most popular buildings in the downtown core. Superb location, great amenities, and […]
The Fly Condos broker’s sales event was last Thursday evening, and to no one’s surprise it was an absolute flurry of activity- and sales. Hard to say how many units were sold, but I would estimate they rocketed past the 60% mark for the entire building. Why was this event so successful? How did FLY […]
We are in the middle of a mini-bull market in the resale property market downtown. When TREB released their mid-month statistics last week, many people were surprised that they showed for the first time in a year that prices and sales were actually higher for the city of Toronto than they were a year before. Realtors […]
The Stats are out for the month of May from TREB, and as I predicted in my last post, they show May as being the busiest month of the year so far. Let’s break down the numbers for downtown condo sales: In C01 (downtown west), there were 325 sales compared to 302 in May ’08 […]
I’ve been telling my active buyer clients this for the past couple of weeks, but for those of you who are just readers and subscribers to this blog, get your application for pre-approval in ASAP because mortgage rates are definitely going up this week. Remember that most pre-approvals last for 90-120 days so if you […]
July 10, 2009 / by Andrew la Fleur /Insights, News
Mortgage rates have risen sharply over the past 2 months. Getting a 5-year fixed rate in the mid to low 3s was possible just a few weeks ago, but now 5-year rates are hovering around the low 4s with most lenders. Still, rates are very close to all-time lows and money is cheap. I got […]
The headlines all proclaim that June was the “best month on record“, but if you were a buyer in the month of June, you’d probably disagree. As usual, let’s take a look at the numbers just for downtown condos. In C01 (downtown west) let’s compare the June numbers from the past 3 years: SALES: 2007 […]
Insights
Fly Condos Set to Relaunch
April 28, 2009 / by Andrew la Fleur / Insights
Fly Condos launched about 7 months ago and sales were decent at first but then quickly dropped off as the market changed in October/November quite dramatically. Like many developers, Empire is not just sitting around waiting for buyers to walk through the door. They are getting aggressive with pricing and incentives. Recently they launched an […]
Read more
You Should Have Bought 2 Months Ago
May 5, 2009 / by Andrew la Fleur / Insights
The Toronto condo market is hot right now. No seriously, it is. After months of writing to my readers about how slow the market has been, there has been a fundamental shift in the marketplace over the past 4 weeks. Multiple offers are back with a vengeance. The best properties are selling over asking and […]
Read more
Edilcan Lowers Prices on Remaining Townhomes at The Met by up to $100K
May 1, 2009 / by Andrew la Fleur / Insights
The Met consists of 3 buildings: The Met (21 Carlton), Encore at The Met (25 Carlton), and a lowrise building in between the two towers which has townhomes (Granby Street Maisonettes) and a few additional condo units. The Met is one of the most popular buildings in the downtown core. Superb location, great amenities, and […]
Read more
Fly Condos Broker’s Event Recap
May 12, 2009 / by Andrew la Fleur / Insights
The Fly Condos broker’s sales event was last Thursday evening, and to no one’s surprise it was an absolute flurry of activity- and sales. Hard to say how many units were sold, but I would estimate they rocketed past the 60% mark for the entire building. Why was this event so successful? How did FLY […]
Read more
Supply and Demand
May 28, 2009 / by Andrew la Fleur / Insights
We are in the middle of a mini-bull market in the resale property market downtown. When TREB released their mid-month statistics last week, many people were surprised that they showed for the first time in a year that prices and sales were actually higher for the city of Toronto than they were a year before. Realtors […]
Read more
May Stats Show Sellers in Control Once Again
June 2, 2009 / by Andrew la Fleur / Insights
The Stats are out for the month of May from TREB, and as I predicted in my last post, they show May as being the busiest month of the year so far. Let’s break down the numbers for downtown condo sales: In C01 (downtown west), there were 325 sales compared to 302 in May ’08 […]
Read more
Mortgage Rates Going Up Tomorrow
June 9, 2009 / by Andrew la Fleur / Insights, News
I’ve been telling my active buyer clients this for the past couple of weeks, but for those of you who are just readers and subscribers to this blog, get your application for pre-approval in ASAP because mortgage rates are definitely going up this week. Remember that most pre-approvals last for 90-120 days so if you […]
Read more
Mortgage Rates Heading Back Down?
July 10, 2009 / by Andrew la Fleur / Insights, News
Mortgage rates have risen sharply over the past 2 months. Getting a 5-year fixed rate in the mid to low 3s was possible just a few weeks ago, but now 5-year rates are hovering around the low 4s with most lenders. Still, rates are very close to all-time lows and money is cheap. I got […]
Read more
Buyers Take a Beating in June
July 8, 2009 / by Andrew la Fleur / Insights
The headlines all proclaim that June was the “best month on record“, but if you were a buyer in the month of June, you’d probably disagree. As usual, let’s take a look at the numbers just for downtown condos. In C01 (downtown west) let’s compare the June numbers from the past 3 years: SALES: 2007 […]
Read more