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 […]
If December is the annual ‘year in review’ month, then January is ‘predictions’ month. My broker (aka The Big Boss Man) over at Remax Condos Plus, Jamie Johnston, has put out his 2011 forecast for the downtown condo market. Here it is below for your reading enjoyment. Of particular note: Jamie now believes that the […]
The above chart shows the latest data on downtown Toronto condo sales from the Toronto Real Estate board for March 2011 as it compares to March 2010. C01 is considered ‘downtown west’ and C08 is considered downtown east. A few observations: Downtown west is always the most relevant data to look at when gauging the […]
The sales statistics for the month of May are in from the Toronto Real Estate Board for the resale market. As usual, I am only concerned with looking at the downtown condo sales as the stats for a metro area of 5 million people tells us nothing really about the downtown condo market. My observations […]
June’s sales figures were just released and wow, what a difference from the last two months! When comparing June 2011 with June 2010, sales are up BIG downtown and prices are up too. Remember that June 2010 was the last month before the HST kicked in, and many buyers and sellers were still scrambling to […]
I wanted to dig a little deeper for today’s blog post and take a look at absorption rates in various condos. Looking at Festival Tower got me thinking about this subject. Festival Tower has a plethora of units available for sale, but hardly anything is actually selling. The building is stunning. The amenities are amazing, […]
After a couple weeks of relief, the media is once again full of stories of the Toronto condo market’s imminent demise. It seems everyone is talking about the Toronto condo market right now and yet once again there are so many mixed messages it’s hard to know who to believe. A quote from a recent […]
I came across this phenomenal chart from the fine folks at Realnet showing the inventory levels of new housing/condo launches in the GTA. Newly released product so far in 2012 is down 31% in Toronto (416) compared to what was released by developers at this point last year. This chart reminds me why those who […]
Buyer’s Market The downtown condo market is now a buyer’s market for the first time in over 3 years. The stats just came out for the month of June and the sales:listing ratio for downtown condos has dropped to 26% which represents the lowest level since March of 2009. (For a refresher on why the […]
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
2011 Market Forecast From Remax Condos Plus
January 7, 2011 / by Andrew la Fleur / Insights
If December is the annual ‘year in review’ month, then January is ‘predictions’ month. My broker (aka The Big Boss Man) over at Remax Condos Plus, Jamie Johnston, has put out his 2011 forecast for the downtown condo market. Here it is below for your reading enjoyment. Of particular note: Jamie now believes that the […]
Read more
Market Snapshot March 2011
April 5, 2011 / by Andrew la Fleur / Insights
The above chart shows the latest data on downtown Toronto condo sales from the Toronto Real Estate board for March 2011 as it compares to March 2010. C01 is considered ‘downtown west’ and C08 is considered downtown east. A few observations: Downtown west is always the most relevant data to look at when gauging the […]
Read more
Market Snapshot: May 2011
June 6, 2011 / by Andrew la Fleur / Insights
The sales statistics for the month of May are in from the Toronto Real Estate Board for the resale market. As usual, I am only concerned with looking at the downtown condo sales as the stats for a metro area of 5 million people tells us nothing really about the downtown condo market. My observations […]
Read more
Condo Sales and Prices Up in June
July 7, 2011 / by Andrew la Fleur / Insights
June’s sales figures were just released and wow, what a difference from the last two months! When comparing June 2011 with June 2010, sales are up BIG downtown and prices are up too. Remember that June 2010 was the last month before the HST kicked in, and many buyers and sellers were still scrambling to […]
Read more
Absorption Rates
September 23, 2011 / by Andrew la Fleur / Insights
I wanted to dig a little deeper for today’s blog post and take a look at absorption rates in various condos. Looking at Festival Tower got me thinking about this subject. Festival Tower has a plethora of units available for sale, but hardly anything is actually selling. The building is stunning. The amenities are amazing, […]
Read more
The Most Important Statistic in the Toronto Condo Market
June 15, 2012 / by Andrew la Fleur / Insights
After a couple weeks of relief, the media is once again full of stories of the Toronto condo market’s imminent demise. It seems everyone is talking about the Toronto condo market right now and yet once again there are so many mixed messages it’s hard to know who to believe. A quote from a recent […]
Read more
Why New Condo Prices Will Not Fall
June 28, 2012 / by Andrew la Fleur / Insights
I came across this phenomenal chart from the fine folks at Realnet showing the inventory levels of new housing/condo launches in the GTA. Newly released product so far in 2012 is down 31% in Toronto (416) compared to what was released by developers at this point last year. This chart reminds me why those who […]
Read more
Downtown Condo Market Now a Buyer’s Market
July 6, 2012 / by Andrew la Fleur / Insights
Buyer’s Market The downtown condo market is now a buyer’s market for the first time in over 3 years. The stats just came out for the month of June and the sales:listing ratio for downtown condos has dropped to 26% which represents the lowest level since March of 2009. (For a refresher on why the […]
Read more