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

COVID-19 Thins Out Toronto Market

Oh what a difference a month has made. Overall, results for the month of March were very good, though not quite as strong as February. Total sales were up by 10% and, while active listings were up by 20%, the overall inventory of homes for sale was only slightly higher than in February and still… Read More

2017 Redux Continues in Toronto

Prices for both condominium and freehold properties continued upward in February, following the trail blazed in early 2017. The market for condominium apartments, in particular, is on fire, with prices 22% higher than last February and 8% higher than the most recent all-time high reached last November. Prices for freehold properties (mostly detached homes) also… Read More

Toronto Market Continues to Accelerate

It’s beginning to look a lot like 2017. Three years ago we had an insane spring market, with house prices rocketing upward by 20% and then crashing back down to where they started. The entire process only took about five months from beginning to end. The bubble was driven primarily by extremely low inventory of… Read More

Strong December Bodes Well For Toronto Homes In 2020

The breakout trend for Toronto area freehold properties continued in December. Prices were a stunning 11% higher than last December and sales were 25% higher. Even more surprising, prices in December were actually higher than in November, which almost never happens. Despite the relative weakness in the first 8 months of 2019, total year sales… Read More

Hot Fall Market Continues

Condominium apartments once again led the way in October, with prices at yet another all-time high, up 10% over last October and 4% higher than last month.   Prices for freehold properties were flat versus last month, but still well above last year – the breakout that started last month seems to be holding. Freehold… Read More

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