If December is the annual ‘year in review’ month, then January is ‘predictions’ month. My broker (aka The Big Boss Man) over at Remax Condos Plus, Jamie Johnston, has put out his 2011 forecast for the downtown condo market. Here it is below for your reading enjoyment. Of particular note: Jamie now believes that the […]
The above chart shows the latest data on downtown Toronto condo sales from the Toronto Real Estate board for March 2011 as it compares to March 2010. C01 is considered ‘downtown west’ and C08 is considered downtown east. A few observations: Downtown west is always the most relevant data to look at when gauging the […]
Listings are a great way to check the temperature of the market. In a perpetual seller’s market like we have in Toronto, tracking the amount of ‘activity’ on a listing can be a powerful tool to get an overall ‘temperature’ of the market. In a red hot market you will get a lot of activity […]
This is the second installment in this new series whereby I am attempting to give my readers a street-level, in the trenches sort of perspective of what the condo market is actually like. “Temperature Check” will help show what it’s like to be a seller in the current market and what you can expect if […]
The sales statistics for the month of May are in from the Toronto Real Estate Board for the resale market. As usual, I am only concerned with looking at the downtown condo sales as the stats for a metro area of 5 million people tells us nothing really about the downtown condo market. My observations […]
June’s sales figures were just released and wow, what a difference from the last two months! When comparing June 2011 with June 2010, sales are up BIG downtown and prices are up too. Remember that June 2010 was the last month before the HST kicked in, and many buyers and sellers were still scrambling to […]
There seems to be a growing segment of the population and the media that feel that the condo market is about to see declining prices. I am getting more and more comments like, “I heard that prices are going to come down this year, so I’m going to wait until that happens then buy”. Based […]
[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 […]
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 […]
2011 Market Forecast From Remax Condos Plus
January 7, 2011 / by Andrew la Fleur / Insights
If December is the annual ‘year in review’ month, then January is ‘predictions’ month. My broker (aka The Big Boss Man) over at Remax Condos Plus, Jamie Johnston, has put out his 2011 forecast for the downtown condo market. Here it is below for your reading enjoyment. Of particular note: Jamie now believes that the […]
Read more
Market Snapshot March 2011
April 5, 2011 / by Andrew la Fleur / Insights
The above chart shows the latest data on downtown Toronto condo sales from the Toronto Real Estate board for March 2011 as it compares to March 2010. C01 is considered ‘downtown west’ and C08 is considered downtown east. A few observations: Downtown west is always the most relevant data to look at when gauging the […]
Read more
Temperature Check: Yonge and Eglinton Edition
April 28, 2011 / by Andrew la Fleur / Insights
Listings are a great way to check the temperature of the market. In a perpetual seller’s market like we have in Toronto, tracking the amount of ‘activity’ on a listing can be a powerful tool to get an overall ‘temperature’ of the market. In a red hot market you will get a lot of activity […]
Read more
Temperature Check: Bathurst and Lake Shore Edition
May 20, 2011 / by Andrew la Fleur / Insights
This is the second installment in this new series whereby I am attempting to give my readers a street-level, in the trenches sort of perspective of what the condo market is actually like. “Temperature Check” will help show what it’s like to be a seller in the current market and what you can expect if […]
Read more
Market Snapshot: May 2011
June 6, 2011 / by Andrew la Fleur / Insights
The sales statistics for the month of May are in from the Toronto Real Estate Board for the resale market. As usual, I am only concerned with looking at the downtown condo sales as the stats for a metro area of 5 million people tells us nothing really about the downtown condo market. My observations […]
Read more
Condo Sales and Prices Up in June
July 7, 2011 / by Andrew la Fleur / Insights
June’s sales figures were just released and wow, what a difference from the last two months! When comparing June 2011 with June 2010, sales are up BIG downtown and prices are up too. Remember that June 2010 was the last month before the HST kicked in, and many buyers and sellers were still scrambling to […]
Read more
Toronto Condo Bubble About to Burst?
January 4, 2012 / by Andrew la Fleur / Insights
There seems to be a growing segment of the population and the media that feel that the condo market is about to see declining prices. I am getting more and more comments like, “I heard that prices are going to come down this year, so I’m going to wait until that happens then buy”. Based […]
Read more
It’s Good to be a Landlord Right Now
January 27, 2012 / by Andrew la Fleur / Insights
[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 […]
Read more
Ritz Carlton: Incredible Opportunity or Canary in the Coal Mine?
March 15, 2012 / by Andrew la Fleur / Insights
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 […]
Read more