1. Supply is Growing Supply is at an all time high, even surpassing the mini-market peak of mid-2010. The silver lining on this is that supply is generally highest around June every year and tapers off in the second half of the year. If this happens the market will probably be fine. Will this trend […]
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 […]
The August sales figures are out from the Toronto Real Estate Board. Here is what I found most interesting: 1. Sales:Listing Ratio Holds Steady Those of you who read my stuff often know that this is my favourite statistic. The sales to listing ratio held steady at 23% in August-the same number as July. Sales […]
The latest stats for the downtown condo market are now available from TREB. I won’t be doing a full blown analysis today but here is a snap shot of what the numbers say for the September 2012 results. Once again, this data is for the downtown condo market only. In short, the trend that […]
We are definitely in a buyer’s market. The overall sales:listing ratio for December was only 19% for downtown. Well below the 25% threshold to call it a buyer’s market. For at least the last 6 months, the media has been full of reports of the imminent collapse of the condo market with predictions ranging from […]
I’m not happy. I’m not happy because lately I’m seeing a disappointing trend with Toronto condo developers. I call it the “Maple Leafs Strategy”. So what’s the “Maple Leafs Strategy”? Think of our beloved Toronto Maple Leafs. They haven’t won the cup since 1967, they haven’t even made the playoffs since 2004. They are the […]
While I don’t have a crystal ball, here are 5 things that I am predicting for the condo market in 2013. 1. Some Great Deals. I believe that developers who launch new projects will offer some really great prices to Platinum buyers (the first group to buy), in order to sell quickly and hit their […]
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 […]
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 […]
9 Things to Know about The Downtown Condo Market
July 10, 2012 / by Andrew la Fleur / Insights
1. Supply is Growing Supply is at an all time high, even surpassing the mini-market peak of mid-2010. The silver lining on this is that supply is generally highest around June every year and tapers off in the second half of the year. If this happens the market will probably be fine. Will this trend […]
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
Three Interesting Tidbits From The August 2012 Condo Market Stats
September 6, 2012 / by Andrew la Fleur / Insights
The August sales figures are out from the Toronto Real Estate Board. Here is what I found most interesting: 1. Sales:Listing Ratio Holds Steady Those of you who read my stuff often know that this is my favourite statistic. The sales to listing ratio held steady at 23% in August-the same number as July. Sales […]
Read more
September 2012 Downtown Condo Market Snap Shot
October 4, 2012 / by Andrew la Fleur / Insights
The latest stats for the downtown condo market are now available from TREB. I won’t be doing a full blown analysis today but here is a snap shot of what the numbers say for the September 2012 results. Once again, this data is for the downtown condo market only. In short, the trend that […]
Read more
5 Reasons Why There Are Still Bidding Wars in the Toronto Condo Market
January 25, 2013 / by Andrew la Fleur / Insights
We are definitely in a buyer’s market. The overall sales:listing ratio for December was only 19% for downtown. Well below the 25% threshold to call it a buyer’s market. For at least the last 6 months, the media has been full of reports of the imminent collapse of the condo market with predictions ranging from […]
Read more
Toronto Condo Developers Taking A Page Out of The Leafs’ Playbook?
January 31, 2013 / by Andrew la Fleur / Insights
I’m not happy. I’m not happy because lately I’m seeing a disappointing trend with Toronto condo developers. I call it the “Maple Leafs Strategy”. So what’s the “Maple Leafs Strategy”? Think of our beloved Toronto Maple Leafs. They haven’t won the cup since 1967, they haven’t even made the playoffs since 2004. They are the […]
Read more
5 Things To Expect From the Condo Market in 2013
January 31, 2013 / by Andrew la Fleur / Insights
While I don’t have a crystal ball, here are 5 things that I am predicting for the condo market in 2013. 1. Some Great Deals. I believe that developers who launch new projects will offer some really great prices to Platinum buyers (the first group to buy), in order to sell quickly and hit their […]
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
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