November Market Report

SALES COMMENTARY

October sales at 9783 units were 8% higher than in September. While October sales were 7% lower than in 2020, they are still well above the long-term average of 8,000 units. While sales have been slowing from the start of the year, our forecast is that sales will run at elevated levels into the spring market (maybe not at 2021 numbers because this will be a record sales year). Continue reading “November Market Report”

SEPTEMBER MARKET REPORT

SALES COMMENTARY

AFFORDABILITY in housing and not sale numbers has taken over the real estate discussion for most people with the politicians jumping on board. For 2021 year-to-date, the number of sales under $600,00 was 13,049 units or 15% of total sales on TRREB. In 2020 to the end of August, the numbers were 13,437 and 23%. While the drop-in units sold was just 3%, for the same period, year-to-date sales for the total market from 2020 to 2021 were up by 52%! When you look at the sales-to-new listing ratio, prices can only go up from here. Currently, we are at a decade-old low for listings!

Continue reading “SEPTEMBER MARKET REPORT”

Toronto real estate and covid-19 impact weekly update | March 23-27

Good morning and hope this finds everyone in good health and spirits!
Our society’s obvious need to practice social distancing at this time has presented some significant challenges and in my efforts to keep everyone up to date as to how it relates to the greater Toronto real estate market please find below my second installment of an ongoing weekly Covid-19 impact update!

Continue reading “Toronto real estate and covid-19 impact weekly update | March 23-27”

Toronto, Ontario and Vancouver real estate boards urge suspension of open houses due to coronavirus outbreak

Our recent feature in the Globe and Mail.

The Real Estate Council of Ontario, which regulates the Realtor profession, said in an update Monday that it also recommends an end to open houses, except when “absolutely necessary,” but has stopped short of banning them.

Stephen Glaysher, a Realtor with Re/Max Urban Toronto, said in a note that he had already noticed a “significant downturn” in activity for the Toronto region in recent days, based on MLS data.

Continue reading “Toronto, Ontario and Vancouver real estate boards urge suspension of open houses due to coronavirus outbreak”

Toronto real estate market conditions and the covid-19 pandemic impact

Keeping you informed to current Toronto real estate market conditions and the covid-19 pandemic impact

We have noticed a significant downturn!

From TREB

March 1- 19    
Overall sales 5221 in 2020 vs. 4265 in 2019
Condo sales in the downtown core (C01+C08) 323 in 2020 vs. 305 in 2019

March 16-19   
Overall sales 658 in 20202 vs. 782 in 2019
Condo sales in the downtown core (C01+C08) 38 vs. 55 in 2019

Continue reading “Toronto real estate market conditions and the covid-19 pandemic impact”

In the News

We’re pleased to have been featured recently in the Toronto Star, The Globe and Mail, BNN Bloomberg and other publications.

Stephen Glaysher, who’s worked as a downtown Toronto realtor for 18 years, set up a site called MLS Sold Data as a resource for current and potential clients to boost transparency and trust.

He said he’s long been an advocate of more disclosure on sale prices, in part to keep his own industry in check.

“I see a lot of unethical business practices with real estate agents,” said Glaysher.

Continue reading “In the News”