There is growing evidence suggesting that the pre-construction market is cooling. Where projects were selling units at a record-breaking pace back in February/March, now the market has lost a lot of steam and sales at some high profile projects have all but dried up. Buyers have more choices than ever before as the amount unsold […]
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 […]
I wrote a few months ago that it was a good time to be a landlord, particularly if you are in the condo rental game. Supply seems to be at an all time low, vacancy rate is zero or close to it, and bidding wars from renters are driving rental rates up far faster than […]
Last week I came across this article in the Toronto Star written by Mark Weisleder whose headline claims that we are in a “Renter’s Market for Condos”. I had to scratch my head when I read that headline and I thought it was a typo. Reading through the article and the comments section was even […]
I know that most people who follow me and read this blog are probably not students of the Garth Turner school of economics, but a lot of the things that he brings up each day in his blog are certainly concerns for smart-thinking investors who are looking at the condo market right now. Garth […]
It’s no secret that the condo market is relatively slow right now. Sales are down, prices are more or less flat from a year ago, and inventory is at or near all time highs. Many people have been saying for quite some time that a crash in the condo market is imminent. The housing market […]
There has been a lot of talk in the mainstream media about the fact that new condo sales are down significantly in the past year. This is a fact that I don’t dispute. In 2013, sales of new condos were around 14,000 (official numbers not out yet). One of the lowest numbers on record from […]
Are we different? This recent piece from MSNBC on the differences between the U.S. and Canadian housing markets once again hits on the big question of why did we not experience the housing market crash that the rest of the world (especially the U.S.) did. Are we fundamentally different and insulated from the U.S. housing […]
Time for Developers to do the Unthinkable?
May 28, 2012 / by Andrew la Fleur / Insights
There is growing evidence suggesting that the pre-construction market is cooling. Where projects were selling units at a record-breaking pace back in February/March, now the market has lost a lot of steam and sales at some high profile projects have all but dried up. Buyers have more choices than ever before as the amount unsold […]
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
Rental Market Continues to Soar
June 26, 2012 / by Andrew la Fleur / Insights
I wrote a few months ago that it was a good time to be a landlord, particularly if you are in the condo rental game. Supply seems to be at an all time low, vacancy rate is zero or close to it, and bidding wars from renters are driving rental rates up far faster than […]
Read more
Myth Busters: Renter’s Market Edition
July 26, 2012 / by Andrew la Fleur / Insights
Last week I came across this article in the Toronto Star written by Mark Weisleder whose headline claims that we are in a “Renter’s Market for Condos”. I had to scratch my head when I read that headline and I thought it was a typo. Reading through the article and the comments section was even […]
Read more
5 Things Wrong With Garth Turner’s Post On Toronto Condo Assignments
November 16, 2012 / by Andrew la Fleur / Insights
I know that most people who follow me and read this blog are probably not students of the Garth Turner school of economics, but a lot of the things that he brings up each day in his blog are certainly concerns for smart-thinking investors who are looking at the condo market right now. Garth […]
Read more
2 Reasons Why The Condo Market Is About To Heat Up
April 1, 2013 / by Andrew la Fleur / Insights
It’s no secret that the condo market is relatively slow right now. Sales are down, prices are more or less flat from a year ago, and inventory is at or near all time highs. Many people have been saying for quite some time that a crash in the condo market is imminent. The housing market […]
Read more
The One Thing That All The Top Selling Toronto Condo Projects Have in Common
January 17, 2014 / by Andrew la Fleur / Insights
There has been a lot of talk in the mainstream media about the fact that new condo sales are down significantly in the past year. This is a fact that I don’t dispute. In 2013, sales of new condos were around 14,000 (official numbers not out yet). One of the lowest numbers on record from […]
Read more
Is Toronto Different?
July 8, 2010 / by Andrew la Fleur / Insights
Are we different? This recent piece from MSNBC on the differences between the U.S. and Canadian housing markets once again hits on the big question of why did we not experience the housing market crash that the rest of the world (especially the U.S.) did. Are we fundamentally different and insulated from the U.S. housing […]
Read more