Want some real "estate" stats? Here are some details on what's happening throughout the city. Overall, sales volume has decreased, but prices continue to rise. Different segments of the market are driving the increase in average prices with low-rise homes leading the way. More supply coming to market will ease the upward pressure on prices, which is welcome news to all those exhausted buyers out there. The days of making a quick but rationale decision are upon us! Source - Market Watch ... read more

If you're curious how the new mortgage rules are going to affect you on July 9th, you may find this article helpful. The changes aren't massive and I don't expect them to have a massive effect on the Toronto real estate market, it is interesting to see how the changes can affect the typical consumers ability to purchase a home. As always, do your research and due diligence before making any purchase and even though the banks may lend you more money than you might expect, calculate how spending that money can translate into fewer ... read more

Another interesting article on the “reverse migration” trend by big companies to relocate their offices in the downtown core. You might expect a large corporation to be enticed to the suburbs by the lower cost of rent, but with the ability to lure employees with “factors such as highly sophisticated and ‘green’ buildings, more collaborative workspaces, fresh air and [heaving, ventilation and air-conditioning] systems, and floor to ceiling windows providing lots of natural light have businesses on the move”, corporations are seeking prime locations to set up shop in Toronto. T.O. will see a bump ... read more

Don’t expect the vast number of cranes that pepper the T.O. skyline to vanish anytime soon. Brookfield, Oxford Properties, Menkes and GWL have massive commercial buildings under construction and we may see a reversing of the trend by big corporations moving out of the downtown core. With about 4.1 million square feet of office space under construction, there will be new towers and corporations relocating to the downtown core over the coming years. We’ve seen big companies like Coca-Cola relocate their offices downtown and take incredible amounts of square footage in central buildings and with ... read more

I highly doubt this is going to come as a surprise to anyone as it has been talked about for quite some time. Interest rates will rise. The Bank of Canada is keeping the rate "as is" for now, citing Eurozone uncertainty/potential stabilization, increasing gas prices and inflation as key components they are monitoring. If the prospect of increasing interest rates is shocking to you, you've likely been hiding under a rock for the past 18 months. We all know that the current rates are about the best we will see in our lifetime. Enjoy ... read more

A big shout out to Rate Hub Canada for this incredible visual description of the differences between the US real estate meltdown and the current Canadian real estate market. There will always be financial pundits who encourage you to steer away from Real Estate as there is an "impending" 20-30% correction on the way. These are the same people who told you to "wait to buy" years ago, and over those years property values have increased drastically. There are ebbs and flows to any real estate market and Toronto is not immune from these as ... read more

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Check out this great post from the Toronto Star. This interactive map showcases the sales activity for the month of December 2011. As a savvy follower of T.O. real estate, you'll note that this map highlights the "D.O.M.", or Days On Market, rather than the sale price. A "hot" neighbourhood is defined as one where the properties sold in 60 days or fewer. In warm areas, homes sold anywhere between 61-80 days. Cold areas took 81 or more days to sell. We’re always tracking market data and interesting articles to help you understand the ebbs ... read more

2011 was a fantastic year for the Toronto real estate market. Statistics for the final few months of 2011 showed sales volume increases ranging from 9-11%, and almost 10% increases in average sale prices over the same period of time in 2010. As we move forward into the new year, analysts are forecasting a range of potential scenarios for the coming twelve months. These scenarios coupled with the economic uncertainty make it difficult to know where to turn for a reasonable prediction. The “doom and gloom” outlook will continue to exist as it has for ... read more