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City schools overflowing with Condo kids

AUGUSTS STATS -August stats for Treb coming out today -Sales will be down, prices still up for condos -Most important: check sales:listing ratio -Also look at 2017 vs. 2015 numbers I want to read the full article. Toronto public schools struggle to keep up with condo boom Serina Manek has been living in Leslieville for [...]

Real estate slow down good for the economy?

Rosenberg: Toronto housing slowdown is good for economy The recent dramatic drop in home sales across the Greater Toronto Area is good for Canada’s economy -- and may show the economy is finally moving away from a dependence on the real estate sector, according to Gluskin Sheff Chief Economist David Rosenberg. I want to read [...]

Interest rates rise. Will the market fall?

Toronto's luxury condo sales surge despite market, Sotheby's International says GTA condo sales over $1M are up 98% from last year, according to Sotheby's International Realty I want to read the full article. Canadian Variable Mortgage Rates Rise for the First Time in Over Seven Years. What’s Next? The Bank of Canada (BoC) raised its [...]

Why prices will continue to keep rising

Experts worry about condo supply shortage The dearth of low-rise housing inventory throughout the GTA is no secret, but a sudden decline in high-rise units has now rendered that market segment lacking as well. I want to read the full article. Canadian universities see surge of international students Canadian universities will welcome unprecedented numbers of [...]

The Toronto Condo Market This Week – January 6, 2017

Condo think-tank Urbanation gives us their 2017 predictions Condos to increase in value, foreign ownership likely to remain modest, says Pauline Lierman. I want to read the full article. 2016 record year for Toronto home sales The Toronto Real Estate Board says the GTA’s average home price soared to $730,472 last month, up 20 per [...]

The Toronto Condo Market This Week (December 18, 2015)

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 [...]

Toronto Condo Bubble About to Burst?

There seems to be a growing segment of the population and the media that feel that the condo market is about to see declining prices. I am getting more and more comments like, “I heard that prices are going to come down this year, so I’m going to wait until that happens then buy”. Based […]

Temperature Check: Bathurst and Lake Shore Edition

This is the second installment in this new series whereby I am attempting to give my readers a street-level, in the trenches sort of perspective of what the condo market is actually like. “Temperature Check” will help show what it’s like to be a seller in the current market and what you can expect if […]

Temperature Check: Yonge and Eglinton Edition

Listings are a great way to check the temperature of the market. In a perpetual seller’s market like we have in Toronto, tracking the amount of ‘activity’ on a listing can be a powerful tool to get an overall ‘temperature’ of the market. In a red hot market you will get a lot of activity […]

Tipping Point?

For the first time in 16 years, sales of new condominiums in Toronto were lower in the second quarter than they were in the first quarter. This, according to the latest stats in from Urbanation. So what? Well, real estate is highly cyclical (at least it used to be), and the busiest months of any […]