Overview: a forecast of the 2021 Toronto condo market, including the impacts of vaccines, jobs, immigration, rental supply, the freehold market, price predictions and more. Before the pandemic, condo sales were strong, competition was fierce, and prices were soaring. Today, however, condos seem to have fallen out of favour. While freehold properties such as detached homes are seeing a boom…
Tag: GTA housing market
The Impact of COVID Vaccines on Toronto Real Estate
Overview: a look at the potential impacts of COVID-19 vaccines on Toronto real estate, including buying, selling, renting and more. According to CTV News: Ontario is seeing almost a doubling of the rate of vaccines getting out of freezers and into arms… Just as the pandemic disrupted Toronto’s housing market, vaccines are set to do it once again. Buying, selling,…
Post-COVID: Toronto Real Estate In 2021 and Beyond
Overview: a look at Toronto’s housing market post-COVID, including home prices, house vs condo sales, immigration and more. 2020 has been one terrible surprise after another. So how can anyone predict what next year will look like? While we can’t be 100% accurate, we can use the latest data and trends to forecast 2021 with some confidence. Plus hope is…
October 2020 Housing Market: GTA Shatters Records
Overview: a look at Toronto’s October 2020 Housing Market, including its transition to a buyers market, house vs condo sales, prices, the impacts of COVID-19, and more. Our last market report ended with the question: what does next month hold for Toronto’s housing market? We now have a definitive answer. According to the latest data, total sales, new listings, and…
Toronto Has Officially Become A Buyer’s Market – Listing up 215%
Overview: a look at the current buyers market and why now is the perfect time to invest in Toronto real estate. According to blogTO: With 4,539 new builds sold in the area, last month marked a shocking 217 per cent increase from August 2019, with numbers 119 per cent higher than the 10-year average. But it’s not just the sheer…
August 2020 Housing Market Report: The Hot Streak Continues
Overview: a look at the GTA’s August 2020 Housing Market numbers, with insights on home prices and listings, detached home vs condo sales, the ongoing impacts of COVID-19, and more. Our last market report examined Toronto’s record recovery and ended with the following statement: If the July 2020 Housing Market numbers have one clear message, it’s that Toronto real estate…
July 2020 Housing Market: Toronto’s Record Recovery
Overview: an in-depth look at July 2020 Housing Market and the dependability of Toronto real estate, including record-setting home prices, sales and new listings—despite the COVID-19 pandemic. In our 2020 Spring Market Forecast—at the height of the pandemic—we asked a simple question: Is Toronto real estate immune from economic uncertainty and health panics? It turns out the GTA housing market…
March 2020 Interest Rate Cuts: Everything You Need To Know
Overview: a look at the Bank of Canada’s March 2020 interest rate cuts and their impact on Toronto’s housing market, including mortgages, buying and selling property, and the future of Toronto real estate. These two cuts, coming within days of each other, mark the biggest rate cuts since 2009—and the first in almost 5 years. Shortly afterwards, Canada’s major banks…
2020 Toronto Housing Market: What To Expect
Now that the latest figures are in, we have a clear answer to the question: how did the market perform last year? According to the Toronto Real Estate Board (TREB): Total sales for calendar year 2019 amounted to 87,825 – up by 12.6 per cent compared to the decade low 78,015 sales reported in 2018. In other words, 2019 was…
GTA Housing Market Report: November 2019
Overview: a look at the November 2019 GTA Housing Market Report, including sales figures, price changes, house and condo sales, the new sellers’ market, and the overall state of the GTA real estate market. The November 2019 GTA Market Report is in, and like last month’s report, the numbers are very optimistic. Once again, the GTA housing market is on…