Falling Rents May Impact House Prices

A recent report from Capital Economics highlights falling rents in Canadian cities, especially Toronto and Vancouver, and points out that this could have a significant knock-on effect on Canadian house prices.   The report identifies several reasons why rents are falling: The surge in unemployment due to COVID-19 lockdowns has hit low-wage earners the hardest,… Read More

Book Your Free Birthday Panda Visit!

Social distancing rules have pretty much eliminated the traditional birthday party celebration for kids — but if you live in the High Park, Bloor West, Junction, Swansea or Roncesvalles area, you can book a free visit from the Birthday Panda to bring some joy to your child’s special day! Click here to view a clip… Read More

No Nosedive Ahead for Canadian Real Estate Prices: RE/MAX

Canadian real estate kicked off 2020 with a bang, but there are conflicting opinions as to how we’ll finish out the year. Canada’s federal housing agency has warned that average house prices could fall by up to 18 per cent over the next 12 months – a dismal prediction that’s being challenged by RE/MAX based on market… Read More

Toronto Area Prices and Sales Plunge in April

The COVID-19 restrictions that were imposed in late March have caused both sales and prices to fall steeply in April. Sales for all property types fell by approximately 2/3 as compared with last April, while listings of properties for sale were about the same, so the inventory increased by almost a factor of three, from… Read More

Coronavirus Infects Toronto Rental Market

We have only limited data so far, but already it is clear that the number of MLS rental transactions in the GTA has plummeted by about 50% since the COVID-19 restrictions were imposed just over a month ago. There were approximately 2,500 MLS rental transactions per month in January, February and March, but only about 1,300… Read More