26
Jun
RealEstateSimon Tag
15
Jun
May 2018 Market Review
The Toronto Real Estate Board reported 7,834 sales in May 2018, 22.2% fewer than May 2017. There were 19,022 new listings posted to the Board, 26.2% fewer than the same month last year. Despite fewer new listings, the total number of available listings increased by 13.2%,...
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09
May
April 2018 Market Review
TREB reported 7,792 sales last month, a drop in volume of 32.1% from April 2017. The average sale price was down 12.4%, but keep in mind that at this time last year the market was still showing the effects of that massive price spike. April 2017...
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04
Apr
March 2018 Market Review
Well, the TREB stats are out for March, and so are the breathless headlines! I was going to comment on a few of them, but the thought gave me a headache. ;) While sales volume fell significantly year-over-year (down about 40%), one has to remember that...
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13
Mar
February 2018 Market Review
Once again, there's a lot of noise and nonsense about the Toronto real estate market. Headlines with words like "plummet" and "slump" make it seem as though the market is in bad shape. It's not. Firstly, we typically compare a month (e.g. February) to the same...
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14
Feb
January 2018 Market Review
The Toronto real estate market survived a roller-coaster-like year in 2017. The first quarter (Q1) saw wicked price increases, followed by a hard rebound in prices in Q2, which in turn was followed by a period of relative calm in Q3, then a surge in...
Read MoreThis week OSFI released the latest update to the Residential Mortgage Underwriting Practices and Procedures (commonly referred to as B-20). Here is a LINK to the statement OSFI made in their press release letter. Should you wish to view the entire document from OSFI, it...
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13
Oct
Market Review September 2017
The most obvious aspect of the September market was the drop in sales volume. Transactions were down 35.1%, from 9,830 last year to just 6,379 this year. At the same time, the number of active listings surged from 11,255 to 19,021, an increase of 69%. This is, broadly...
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