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How to Analyze The Condo Market Like A Pro with Ben Myers

Andrew la Fleur sits down with Ben Myers, the VP of Market Research & Analytics at Fortress Real Developments. Listen to them discuss the state of the condo market across Canada, the "condo bubble" theory, and the Blue Jays chances this year. Interview Highlights 0:50 iTunes Podcast Reviews of the Week 3:20 Who is Ben [...]

Condo Investment: Is it Better To Buy On A Higher Floor or Lower Floor?

When investing in a pre-construction condo, a question that always comes up is: “Is it better to buy on a lower floor, and pay a lower price, or to buy on a higher floor but pay a higher price?” So let’s try to answer that classic, shall we? Background When selling a building in the […]

Three Interesting Tidbits From The August 2012 Condo Market Stats

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 […]

9 Things to Know about The Downtown Condo Market

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 […]

Why New Condo Prices Will Not Fall

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 […]

Rental Market Continues to Soar

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 […]

The Most Important Statistic in the Toronto Condo Market

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 […]

Two Trends to Watch in the Toronto Condo Market

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 […]

Ritz Carlton: Incredible Opportunity or Canary in the Coal Mine?

The Residences of the Ritz Carlton was the first of what I like to call the ‘Big Four’ (5-star condo-hotels, the others being Trump, Shangri-La and of course the Four Seasons) to finish. This was a monumental event in the Toronto condo industry as it represents the first truly 5-star hotel to come to our […]

It’s Good to be a Landlord Right Now

[Renters are lining up to pay $2700/month for a view like this.] Landlords and would-be landlords take note: the sky is not falling and it is not a bad time to be a landlord in this city. I’ve been watching the rental market more closely than ever these past few months and I’ve noticed some […]

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