When investing in a pre-construction condo, a question that always comes up is: “Is it better to buy on a lower floor, and pay a lower price, or to buy on a higher floor but pay a higher price?” So let’s try to answer that classic, shall we? Background When selling a building in […]
We are in the midst of a global financial crisis. People are naturally concerned about their jobs, their finances, their investments, and of course – REAL ESTATE. I am getting asked constantly by friends, family, and clients: How is the market? Are prices coming down? Is the Condo Market Crashing?
The numbers are in for November and it isn’t pretty. Ãƒâ€šÃ‚Â TREB just released theirÃƒâ€šÃ‚Â sales figures for the month of November and unlike last month, we can now say that for the resaleÃƒâ€šÃ‚Â downtown condoÃƒâ€šÃ‚Â market, pricesÃƒâ€šÃ‚Â haveÃƒâ€šÃ‚Â fallen. Ãƒâ€šÃ‚Â Let’s just get right into the numbers.
Today I want to share with my readers a press release from BILD – Building Industry & Land Development Association.Ãƒâ€šÃ‚Â They just released their sales statistics for new homes and condos sold in November. For Toronto, 789 high rise condos were sold. At first glance this number sounds pretty high, but when you hear that […]
Finally the numbers are in. TREB took a lot longer than usual to release the final sales numbers for the month of December, maybe because they were so painful to look at they had to double check them several times, hoping they would magically improve themselves. 🙂 Here are all the gory details.
It’s that time of the month again, TREB just released their stats for February. The numbers aren’t as painful to look at as in the previous few months, but does this mean we are on the way to recovery?
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 […]