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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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
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
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
Rental Market Continues to Soar
June 26, 2012 / by Andrew la Fleur / Insights
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 […]
Read more
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
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