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 […]
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 […]
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 […]
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 […]
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 over the last year about how the condo market in Toronto was due for a major correction. The big buzz earlier this year with US based hedge funds was ‘shorting’ the Toronto condo market. Today the headlines read that this gamble was a complete failure and anyone who […]
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
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
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
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
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
3 Powerful Reasons Why The Toronto Condo Market Did Not Crash
October 21, 2013 / by Andrew la Fleur / Insights
There has been a lot of talk over the last year about how the condo market in Toronto was due for a major correction. The big buzz earlier this year with US based hedge funds was ‘shorting’ the Toronto condo market. Today the headlines read that this gamble was a complete failure and anyone who […]
Read more