January 5, 2009 / by Andrew la Fleur /Insights, News
If you are looking to buy a new condo in Toronto, you probably have picked up a copy of The Condo Guide magazine. These free, bi-monthly full colour magazines are more or less 100% advertisements bought and paid for by Toronto’s numerous condo developers with a few “articles” thrown in for good measure by industry […]
January 23, 2009 / by Andrew la Fleur /Insights, News
Looking for some good reading on Toronto Condos? Here are three very recent articles on the condo scene in the city worth a read: “Some See Condo Prices At Bottom” from today’s Globe and Mail. The article suggests that condo prices have fallen to their lowest point, even though the confidence of buyers is still […]
January 27, 2009 / by Andrew la Fleur /Insights, News
[**CHART REMOVED DUE TO COPYRIGHT CLAIM BY REALNET CANADA INC.**] The final sales figures for new condos from Realnet are in for the December and the year 2008. In short, prices are still going up, while sales have dropped off significantly. [Note: these numbers are for new condos. For resale condos, see my previous […]
Why Very Low Interest Rates May Stick Around The Federal Reserve will most likely raise interest rates this week for the first time in nearly a decade. To understand what it means — and doesn’t mean — consider a previous year in which interest rates were on the rise. I want to read the full [...]
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 […]
July 20, 2009 / by Andrew la Fleur /Insights, News
July 22 Update: The 1 Bloor site at Yonge and Bloor is apparently up for sale according to the Toronto Star. If this is true, this would put the future of the tower in serious jeopardy. ********************************************** 1 Bloor was the most celebrated and most reviled symbol of Toronto’s recent real estate boom. Realtors lined […]
August 18, 2009 / by Andrew la Fleur /Insights, News
New condo buyers in Toronto are finally getting some serious attention from ‘the industry’ and it looks like the future isn’t entirely bleak for those wanting a true web 2.0 experience when searching online for information on new developments. This month two new Toronto condo search websites have popped up recently that I wanted to […]
February 16, 2010 / by Andrew la Fleur /Insights, News
Federal Finance Minister Jim Flaherty announced changes to the way mortgages are given out in this country today that are said to help prevent a housing bubble from forming. The keyword being prevent, meaning the government is very clear that they do not believe a housing bubble exists. I would have to agree with the […]
New Hometrader.ca Site Looks Promising
January 5, 2009 / by Andrew la Fleur / Insights, News
If you are looking to buy a new condo in Toronto, you probably have picked up a copy of The Condo Guide magazine. These free, bi-monthly full colour magazines are more or less 100% advertisements bought and paid for by Toronto’s numerous condo developers with a few “articles” thrown in for good measure by industry […]
Read more
Toronto Condos Reading List for Jan 23 2009
January 23, 2009 / by Andrew la Fleur / Insights, News
Looking for some good reading on Toronto Condos? Here are three very recent articles on the condo scene in the city worth a read: “Some See Condo Prices At Bottom” from today’s Globe and Mail. The article suggests that condo prices have fallen to their lowest point, even though the confidence of buyers is still […]
Read more
Price of New Condos Holding Strong Despite Plummeting Sales
January 27, 2009 / by Andrew la Fleur / Insights, News
[**CHART REMOVED DUE TO COPYRIGHT CLAIM BY REALNET CANADA INC.**] The final sales figures for new condos from Realnet are in for the December and the year 2008. In short, prices are still going up, while sales have dropped off significantly. [Note: these numbers are for new condos. For resale condos, see my previous […]
Read more
The Toronto Condo Market This Week (December 18, 2015)
December 18, 2015 / by Andrew la Fleur / News
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
1 Bloor Rumour Train Gathering Speed
July 20, 2009 / by Andrew la Fleur / Insights, News
July 22 Update: The 1 Bloor site at Yonge and Bloor is apparently up for sale according to the Toronto Star. If this is true, this would put the future of the tower in serious jeopardy. ********************************************** 1 Bloor was the most celebrated and most reviled symbol of Toronto’s recent real estate boom. Realtors lined […]
Read more
New Condo Search Websites Popping Up Everywhere
August 18, 2009 / by Andrew la Fleur / Insights, News
New condo buyers in Toronto are finally getting some serious attention from ‘the industry’ and it looks like the future isn’t entirely bleak for those wanting a true web 2.0 experience when searching online for information on new developments. This month two new Toronto condo search websites have popped up recently that I wanted to […]
Read more
New Mortgage Rules Aimed at Cooling the Condo Market
February 16, 2010 / by Andrew la Fleur / Insights, News
Federal Finance Minister Jim Flaherty announced changes to the way mortgages are given out in this country today that are said to help prevent a housing bubble from forming. The keyword being prevent, meaning the government is very clear that they do not believe a housing bubble exists. I would have to agree with the […]
Read more