August 22, 2008 / by Andrew la Fleur /Insights, News
Interesting article in today’s Globe and Mail about more anecdotal and factual evidence that the Toronto resale market is slowing down. Agents are starting to see conditional offers more and more, negotiations are actually taking place, and sellers who price their property too high are getting a rude wake-up call to the new realities of […]
Today I want to share with my readers a press release from BILD – Building Industry & Land Development Association. They just released their sales statistics for new homes and condos sold in November. For Toronto, 789 high rise condos were sold. At first glance this number sounds pretty high, but when you hear that […]
After nearly a year of massive declines in sales and stagnant or falling prices, it seems that new condos are back. Urbanation’s sales figures for Q2 2009 show a dramatic change from Q1. We aren’t back to the hedy days of 2007-2008, but 2963 units sold sounds a heck of a lot healthier than the […]
For the first time in 16 years, sales of new condominiums in Toronto were lower in the second quarter than they were in the first quarter. This, according to the latest stats in from Urbanation. So what? Well, real estate is highly cyclical (at least it used to be), and the busiest months of any […]
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 […]
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 […]
The numbers are in. Urbanation just released their UrbanRental Report for Q4-2014. Unfortunately you can’t read the report unless you are a paying subscriber like me, but nonetheless I wanted to share with you some thoughts I had on the findings. Most of the headlines in the mainstream media are essentially saying the same thing […]
Toronto Resale Market Slows; New Developments to Follow?
August 22, 2008 / by Andrew la Fleur / Insights, News
Interesting article in today’s Globe and Mail about more anecdotal and factual evidence that the Toronto resale market is slowing down. Agents are starting to see conditional offers more and more, negotiations are actually taking place, and sellers who price their property too high are getting a rude wake-up call to the new realities of […]
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New Condo Sales for November 2008
December 23, 2008 / by Andrew la Fleur / Insights
Today I want to share with my readers a press release from BILD – Building Industry & Land Development Association. They just released their sales statistics for new homes and condos sold in November. For Toronto, 789 high rise condos were sold. At first glance this number sounds pretty high, but when you hear that […]
Read more
New Condo Sales Back From The Dead
August 4, 2009 / by Andrew la Fleur / Insights
After nearly a year of massive declines in sales and stagnant or falling prices, it seems that new condos are back. Urbanation’s sales figures for Q2 2009 show a dramatic change from Q1. We aren’t back to the hedy days of 2007-2008, but 2963 units sold sounds a heck of a lot healthier than the […]
Read more
Tipping Point?
August 3, 2010 / by Andrew la Fleur / Insights
For the first time in 16 years, sales of new condominiums in Toronto were lower in the second quarter than they were in the first quarter. This, according to the latest stats in from Urbanation. So what? Well, real estate is highly cyclical (at least it used to be), and the busiest months of any […]
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
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
4 Incredible Facts You Didn’t Know About the Toronto Condo Rental Market
January 21, 2015 / by Andrew la Fleur / Insights
The numbers are in. Urbanation just released their UrbanRental Report for Q4-2014. Unfortunately you can’t read the report unless you are a paying subscriber like me, but nonetheless I wanted to share with you some thoughts I had on the findings. Most of the headlines in the mainstream media are essentially saying the same thing […]
Read more