Toronto Real Estate Second Highest Bubble Risk Globally – UBS

Each year, UBS, a large global firm offering wealth management, asset management and investment bank services, publishes a report called the “UBS Global Real Estate Bubble Index”. UBS says that: “Price bubbles are a recurring phenomenon in property markets. The term “bubble” refers to a substantial and sustained mispricing of an asset, the existence of… Read More

Toronto Prices Surge Upward in September

Prices in the Toronto area were almost 6% higher in September than in August, and slightly higher than the peak reached in the spring. This was nothing new for condominium prices, which have been hitting new all-time highs with great regularity over the past two years, and printed yet another one last month. What was… Read More

Toronto Market Getting Steadily Stronger

Prices for all property types continued the typical summer pattern in August, with prices for both freehold homes and condominiums lower than in July. Compared with last year, there are some definite positive signs: Prices were higher than last August for both freehold and condo properties. In fact, for the first time this year, prices… Read More

GTA Summer Market Showing Signs Of Strength

Toronto area prices were lower in July than in June for all property types, which is completely normal for the summer months. Sales in July were 3% lower than in June, while the total number active listing was 9% lower, and so the inventory of homes for sale dropped to just above 2 months’ supply,… Read More

Summer Slowdown Has Begun In Toronto

Following the normal seasonal trend, prices and sales in June were lower than in May, beginning the slowdown that typically begins in mid June and continues until late August. Because of our short summer season, many buyers and sellers decide to take a break until after labour day, and the market therefore tends to ‘thin… Read More

Toronto Market Continues To Build Momentum In May

Toronto area prices rose again in May, for the fourth month in a row, and were also higher than last May. Freehold prices in particular were significantly higher than the previous month, and have now pulled even with last year after being lower for the first four month of the year. Condominium apartment prices also… Read More

Toronto Market Gains Strength In April

After a slow start to the year, hampered by a lingering and unpleasant winter, the Toronto area market kicked into a higher gear in April. Sales for the first three months of the year were very similar to 2018, but April sales of 9,042 houses and condos were 16% higher than last year. The number… Read More

Steady Toronto Area Market Persists

Prices and sales increased modestly in March as compared with February, in line with the normal seasonal trend, and continued to track year-ago results very closely. For condominium properties, prices were 2% higher than last year, while prices for freehold properties were 2% lower, so the overall average for all property types was virtually unchanged…. Read More

Toronto Condo Market Continues to Soar

Toronto area condominium apartment prices continued to move upward last month, with average prices 6% higher than February, 2018. Almost certainly we will see another all-time high for condominium prices before the spring is over. Under-pricing and bidding wars are rampant and buyers are eager (even desperate) to buy condos now before prices go even… Read More

Toronto Market Continues on Steady, Balanced Trend

Toronto area prices were slightly (1.6%) higher in January than last January, while the total number of homes sold was almost exactly the same. The inventory of homes for sale was the same as last year, as well as last month, and right on the 3 months’ supply level that is regarded as ‘balanced’, that… Read More