George Carras, President of Realnet, talks about the latest economic and market data and how this affects the GTA property market, as well as how policy makers need to work with the industry and consumers to make it a better market moving forward. George Carras Interview Highlights 00:10 Who is George Carras 00:48 Bank of [...]
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 […]
[**CHART REMOVED DUE TO COPYRIGHT CLAIM BY REALNET CANADA INC.**] Realnet has released the sales figures for new condos for the month of January. Prices are still increasing despite the fact that the number of sales continues to be significantly lower than a year ago. Prices are up 8% for high rise condos while sales […]
There are two trends that condo buyers will want to keep an eye on in the next several years. 1. Disappearing Parking Spots. There are now countless buildings downtown that are under construction that will have multiple-times more units than parking spots available. RCMI Condos by Tribute is actually being built with no parking spots at […]
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 […]
The Bank of Canada issued a warning last week that the Toronto condo market is a risk to the Canadian economy. Some of my clients have been asking me for a response. Here it is. 1. Condo sales should not be analyzed in isolation of new home sales This is the most important point that I […]
The Future of the GTA Property Market with George Carras of Realnet
January 22, 2015 / by Andrew la Fleur / Podcast
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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
New Condo Sales Still Down; Prices Still Up
March 3, 2009 / by Andrew la Fleur / Insights
[**CHART REMOVED DUE TO COPYRIGHT CLAIM BY REALNET CANADA INC.**] Realnet has released the sales figures for new condos for the month of January. Prices are still increasing despite the fact that the number of sales continues to be significantly lower than a year ago. Prices are up 8% for high rise condos while sales […]
Read more
Toronto New Home Market Insights with Realnet and Empire Communities
January 25, 2013 / by Andrew la Fleur / Videos
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Two Trends to Watch in the Toronto Condo Market
May 25, 2012 / by Andrew la Fleur / Insights
There are two trends that condo buyers will want to keep an eye on in the next several years. 1. Disappearing Parking Spots. There are now countless buildings downtown that are under construction that will have multiple-times more units than parking spots available. RCMI Condos by Tribute is actually being built with no parking spots at […]
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
5 Responses to The Bank of Canada’s Comments About the Toronto Condo Market
June 21, 2013 / by Andrew la Fleur / Insights
The Bank of Canada issued a warning last week that the Toronto condo market is a risk to the Canadian economy. Some of my clients have been asking me for a response. Here it is. 1. Condo sales should not be analyzed in isolation of new home sales This is the most important point that I […]
Read more