It’s interesting: the Toronto market has been so amazingly consistent and predictable over the past several years, these monthly updates almost write themselves. Once again, the price and inventory trends for October have closely matched the pattern in 2013 and 2014, just shifted upward. If you wanted to nit-pick, you could say that the average […]
Archives for 2015
CMHC – Toronto Housing Marking is “Problematic”
The CMHC publishes quarterly reports on the Canadian housing market, in which they evaluate the extent to which there are “problematic housing market conditions” in Canada’s 15 major urban centres. Click here to view their latest report. For CMHC, the term ‘problematic’ encompasses four factors related to the dynamics of the market: Overheating – that […]
Getting Value Out Of Condominium Amenities
With dozens of condominium buildings competing for buyers in Canadian cities, building amenities have become an important part of developers’ marketing plans. In the first condominium buildings, amenities were pretty much limited to indoor pools and a generic “party room”. Now buyers are looking for fitness centres and entertainment lounges. Developers are marketing lifestyles, not […]
Canadian Cottage Owners Need A Succession Plan
Ah, the great Canadian cottage dream….lazy days in the summer relaxing by the lake….watching the kids swimming or learning how to water ski. Or enjoy your own ski chalet, hosting happy family dinner gatherings after a day on the slopes. Canadians love their recreational properties and demand for cottages and ski chalets keeps pushing up […]
Toronto Market Back in the Fast Lane
After a somewhat sleepy (though completely normal) summer, the fall market exploded in September. Prices were up by over 9% as compared with last September, continuing the 10%+/- year-over-year price increase that we have seen virtually every month this year. Volume was also up versus last year, with a record (for September) 8200 sales reported. […]
Don’t Fall For the Wrong Home
When you go shopping for homes in the fall, you have some advantages. Buyer traffic has slowed with the start of schools. Sellers who’ve had their homes on the long hot summer market are weary of trying to sell their homes and more willing to drop prices. Your REALTOR® has more time for you, and […]
