A Look Back at Toronto’s Housing Market in 2024

Toronto Resale Housing Market: A Tale of Two Halves in 2024

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Reviving an Old Idea to Solve Modern Housing Challenges – Land Value Tax

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Mixed Signals Amidst Sales Growth for Toronto's Housing Market

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How Canada’s Immigration Cuts Will Impact Housing

The Liberal Federal Government continues to make a sharp policy turn in greatly reducing Canada's immigration numbers - how will it impact our housing market?

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Canada’s New Condo Sales Hangover

As pre-construction condo sales flatline - what factor is really to blame?

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Toronto’s Housing Market Turns a Corner as Sales Surge

After six sluggish months, Toronto’s housing market finally turned a corner as sales surged 45% year over year for low-rise homes and 32% for condominiums in October.

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What New Research Says About How Investors Impact Home Prices

This week, Urmi talks to John about how his own research into how investors impact the housing market as he completes his own doctoral degree on the same.

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Toronto’s Fall Housing Market Remains Cool As Rate Cuts Not As Certain

While the Toronto area experienced an unseasonably warm September this year, the housing market remained cool.

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Should We Sell Before We Buy? + Do I Have to Pay Tax To Move into My Own Condo Rental? — ‘The Situation’ Consumer Q&A

It's time for your questions on our September consumer Q/A segment, ‘The Situation’.

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Canada's Big Mortgage Moves - How Will They Impact the Housing Market?

In our latest Move Smartly ideas discussion, we assess whether the Liberal Federal Government's announced mortgage changes will help make housing more affordable as claimed.

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Poilievre Pivots on Housing and Immigration

Why wasn't opposition leader Pierre Poilievre, like so many other Canadian leaders, able to see the problem earlier?

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All Eyes Are On the Fall Housing Market

What buyers and sellers do in September will set the tone for the rest of the season.

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What Europe Can Teach Canada About Missing Middle Housing: Athens, Greece

In our latest Move Smartly ideas discussion, I explore what lessons we can - and can't - learn from the drive to building mass affordable housing around this world.

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Why is CMHC Supporting Airbnb Investors in a Housing Supply Crisis?

Over 100,000 existing homes could be freed up to address the 3.5 million home gap needed to restore affordability - so why isn't Canada's leading housing agency acting on this?

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Why Aren’t Condo Prices Falling Yet?

The Greater Toronto Area has a record 11,079 condominium units available for sale, the highest number of units for any month in any year. 

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Why Does Toronto Have a Record Number of Condos for Sale During a Housing Shortage?

The number of condos available for sale in the Toronto area has reached another new record high — so will this surge ease our housing shortage?

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Should I Get a Better Performing Investment Property? + Will a Co-Ownership Company Finally Get Me Onto the Property Ladder? — ‘The Situation’ Consumer Q&A

It's time for your questions on our June consumer Q/A segment, ‘The Situation’.

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Is Canada Propping up Condo Investors to Prevent Prices From Falling?

While most media headlines regarding Toronto’s condo market have focused on the record number of units listed for sale, there is a bigger and more troubling risk that few have...

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Expect Canada’s Economy to Get Worse Before Things Get Better

The outlook for Canada’s economy and housing market is challenging, with more difficulties likely before any improvement.

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Will the Bank’s Rate Cut Spur Yet Another Toronto Housing Market Boom?

Some prominent real estate industry figures are predicting boom times will return to the Toronto housing market - what can home buyers and sellers really expect?

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Record Number of Condos for Sale in the Toronto Area

At the end of May, the Toronto area had 9,951 condominiums available for sale, the highest number of units for sale for any month in recent history. 

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Booming Population and Plummeting Housing Starts: What’s Next for Toronto’s Housing Market?

Canada's population is experiencing rapid growth, but housing starts are plummeting, raising concerns for the future of Toronto's housing market. This article explores the...

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Pricing Your Home Right: Strategies for a Successful Sale

Deciding on the most effective pricing strategy when selling your home can be a critical factor in achieving a successful sale. This post explores the two primary approaches to...

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Delayed Rate Cuts Chill Toronto’s Spring Real Estate Market

Normally the busiest time of the year, soft demand for houses and a spike in condo listings stand out in last month's market statistics.

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Why is My Pre-Con Condo Worth Less Than I Paid? + Should I Sell Before Capital Gains Tax Increase? — ‘The Situation’ Consumer Q&A

It's time for your questions on our May consumer Q/A segment, ‘The Situation’.

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Does Rent Control Kill Rental Supply?

While many in Canada argue yes, data and the experience of other economically liberal countries says otherwise.

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How Canada's Housing Obsession is Killing Our Economic Productivity

Our fallen productivity is a "national emergency."

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Detached Home Market Remains Competitive Despite Soft Sales

The latest stats are in for March 2024.

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Why the Liberals ‘Renter Bill of Rights’ May Be Our Next Useless Boondoggle

The latest in the Liberal federal government’s pre-budget policy offensive will do little to help renters.

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Should I Buy My Home From My Landlord? + Do Garden/Laneway Suites Add Value? — ‘The Situation’ Consumer Q&A

It's time for our popular consumer Q/A segment, ‘The Situation’ on the latest Move Smartly show episode.

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Federal Liberals Take A Big Step Towards Making Homes More Affordable

A major new announcement on a change to Canada's immigration targets will have a bigger impact on our housing affordability crisis than it may first appear.

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What To Do When A Tenant Walks Away From A $20K 'Cash for Keys' Offer

Selling a tenanted property in Ontario to a buyer who wishes to occupy for own use sometimes requires more complicated negotiations.

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Will Upcoming Mortgage Renewals Hurt Canada’s Housing Market and Economy? — March Toronto Area Real Estate Market Live Update & Q/A

Each month in this live session, I discuss the latest stats, on the ground realities and answer consumer questions about the Toronto area real estate market right now.

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First We Tried Tiny Condos, Now Are Tiny House Rentals Going to Help Our Housing Crisis?

While Canada may have a massive housing shortage, it suddenly does not have a shortage of ideas to solve our housing crisis. 

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New Listings On The Rise in Toronto Area Housing Market

Latest data shows Toronto’s housing market remained competitive in February, but a significant increase in new listings is taking some heat out of the market.

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How Can Toronto Home Prices Stay So High? + Neighbour As Agent? — ‘The Situation’ Consumer Q&A

In our latest monthly consumer Q&A, I respond to the detailed questions that real estate consumers across the GTA are asking now.

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Is Toronto in a Housing Bubble That's About to Burst?

Is Toronto in a Housing Bubble That's About to Burst?

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Condo Rents Are Down - For How Long?

I look into the data to understand why Toronto area condo rents have been falling over the last 5 months.

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Buying or Selling a Tenanted Property - What You Need to Know

There are many things home buyers and sellers need to know if they are considering buying or selling a tenanted property in Ontario. 

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Toronto Area Housing Market off to a Hot Start in 2024

The housing market in the Toronto area became far more competitive in January thanks to a rapid increase in the number of sales and moderate to no growth in the number of new...

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Are Bidding Wars Back? + When Should I Sell? - 'The Situation' Q/A - Feb 2024

In our latest monthly consumer Q&A, I respond to the detailed questions that real estate consumers across the GTA are asking now.

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Will Canada’s International Student Cap Impact the Housing Market?

The federal government is now scrambling to reign in Canada's spiking foreign student numbers - how will this impact the housing market?

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Pent Up Buyer Demand? + Inflation to Delay Interest Rate Decline? — January Toronto Area Real Estate Market Live Update & Q/A

Each month in this live session, I discuss the latest stats, on the ground realities and answer consumer questions about the Toronto area real estate market right now.

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The Federal Government Knew High Immigration Could Impact Housing Costs

Why did our federal government ignore the warnings if the impact of Canada’s high population growth on housing was so obvious?

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Toronto’s Roller Coaster 2023 Housing Market Ended With 20 Year Low in Sales

The GTA’s housing market ended the year with the lowest number of home sales in over 20 years. 

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Is Toronto's Market Turning a Corner? - December 2023 Market Update

Is Toronto’s housing market turning another corner after being sluggish over the past few months?

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Should I Airbnb, Rent Out Longer or Sell? + Can I Get a Family Home for 500K?

In our monthly consumer Q&A, ‘‘The Situation’, Urmi asks and John responds to the detailed questions that real estate consumers across the GTA have sent in. 

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Ontario’s Broken Housing Plan

When a government fails to do the hard work of planning and investing the necessary capital required for such a big undertaking, it should be no surprise that the political...

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GTA Areas With The Biggest Drop in Home Sales

A closer look at the data reveals that the market for low-rise houses and condos is performing unevenly across the Greater Toronto Area’s (GTA) five regions. 

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High Interest Rates Weigh Down Home Sales - November 2023 Market Update

The current high interest rate cycle, which started in 2022, has continued to push home sales in the Greater Toronto Area to historic low levels. 

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Things Are Going to Be Tough for Canada’s Economy: An Interview with Robert Kavcic

An expert look at Canada’s economy to get some insight into how the broader macroeconomic trends might impact Canada’s housing market in the months ahead.

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Should I Lower the Price on My Condo? + The Family Home Stretch — ‘The Situation’ Consumer Q&A - Oct 2023

In our monthly consumer Q&A, ‘‘The Situation’, Urmi asks and John responds to the detailed questions that real estate consumers across the GTA have sent in. 

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Are Cities Responsible for Canada's Housing Crisis?

For many at the federal level, it's convenient to blame cities for "gate-keeping" and "NIMBY" policies that prevent more housing from being built - is this fair?

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Are Toronto Real Estate Investors Rushing to Sell?

Anecdotal evidence suggests that investors are starting to look to deleverage properties in the Toronto are - does the data suggest this is part of a larger trend?

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As Toronto Housing Market Cools, Inventory Builds - October 2023 Market Update

We are finally starting to see some inventory build up as listings start to increase while sales slow heading into the fall market.

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Are Cities Responsible for Canada’s Housing Crisis?

A detailed look at the political, policy and academic arguments that blame cities for our housing affordability crisis to assess how valid they are.
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Why Isn’t My Home Selling? + Should I Invest Now? + More — ‘The Situation’ Consumer Q&A - Sept 2023

In our September episode of the consumer Q&A, ‘‘The Situation’, Urmi asks John to respond to the detailed questions that real estate consumers across the GTA are asking right now.

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Toronto Area Listings Increasing + A Precarious Fall Market - September 2023 Market Update

Toronto’s housing market continued to cool as we moved towards the end of the summer season. 

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Toronto Rents Have Risen 5x Faster Than Historical Trends

It's always felt hard to be a renter in Toronto - but a dig into the numbers shows the problem has gotten much worse.

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What is a Home Buyer Rebate?

It's something that many agents don't like to discuss - here's why.

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The Biggest Risks You Should be Aware of When Working with a Buyer's Agent

With over 60,000 real estate agents working in Toronto, how can you ensure your agent is working properly to best represent your interests?

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Average Home Prices Trending Down in Toronto Area - Toronto Area Real Estate Market Update - August 2023

A closer look at weekly, rather than monthly numbers, reflects the same market slowdown being seen on-the-ground in the Toronto area real estate market.

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Why a Decent Income is No Longer Enough to Buy a Home in Canada

Just when and why a decent income stopped being enough to buy a home in the Toronto area - and just what is our ever expensive market running on instead?

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Canada’s Population is Booming While Housing ‘Starts’ Tumble

Canada’s population grew by just over 1.2 million people during the second quarter of 2023. 

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How Renters Are Paying the Highest Price for Canada’s Housing Crisis

In our new feature, "Move Smartly Ideas", I talk to Urmi about what I'm reading, writing and talking about right now. 

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Sellers See Fewer Bidding Wars as Market Cools - Toronto Area Real Estate Market Update - July 2023

A closer look at weekly, rather than monthly numbers, reflects the same market slowdown being seen on-the-ground in the Toronto area real estate market.

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The Housing Market Is Still Hot But Likely to Cool - Toronto Area Real Estate Market Update - June 2023

This was the first month since last June that saw house prices increase year-over-year.

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Should Condo Renters Facing Ever Higher Costs Just Do What it Takes to Buy? + Is it the Right Time to Downsize? — ‘The Situation’ Consumer Q&A

In our regular Move Smartly feature, "The Situation," lead contributor John Pasalis responds to the questions that real estate consumers are asking right now.

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What You Need to Know About Building a Fourplex in Toronto: An Interview with Sean Galbraith

Toronto City Council has just voted turn over the ban on fourplexes in the city's so called "yellow zone" of single family homes - so what does it all mean?

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Limited Listing Supply Pushes House Prices Up - Toronto Area Real Estate Market Update - May 2023

A 20-year low in the number of homes being listed for sale is causing Toronto area house prices to rise again, despite today's high interest rates.

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Recent Buyers Face Problems Due to Rapid Price Drops — ‘The Situation’ Consumer Q&A

In our regular Move Smartly feature, "The Situation," lead contributor John Pasalis responds to the questions that real estate consumers are asking right now.

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When Did Toronto’s Housing Unaffordability Crisis Start?

Politicians and many media outlets appear to be confused about when home prices began spiralling out of control.

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Toronto House Prices Are Trending Up Again - Toronto Area Real Estate Market Update - April 2023

Amidst continuing historically low levels of home sales, the competition for houses is surprisingly intense in Greater Toronto Area (GTA) as demand outpaces listings.

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How Banks Are Making This Housing Market Downturn Different: An Interview with Robert Kavcic

Why Canadian banks are working with buyers to lower payments by extending amortization periods and more.

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What Do Bank Crashes Mean for Canadian Mortgages & More - Live Toronto Market Update - March 2023

Watch my recent live market update chat where I share my report highlights and answer your questions on our Move Smartly YouTube channel.

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Low Supply Heats Up Activity, Bidding Wars Across GTA - Toronto Area Real Estate Market Update - March 2023

In spite of historically low sales levels and high interest rates, the demand bottleneck typical of the first quarter is making its annual appearance.

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Are Some Big Risks to Toronto Home Prices Being Overlooked? — ‘The Situation’ Consumer Q&A

This month, I respond to some of the bigger questions consumers and viewers are asking right now.

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Are Local Investors the Cause of High Home Prices?

New statistics show high levels of local investor investment in Ontario's housing market.

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Legal Risks Many Home Buyers and Sellers Aren't Aware Of: An Interview with Sam and Evan Presvelos

Real-life tips from a Toronto legal firm that represents many parties in home buying and selling transactions that run into issues.

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The End of the ‘Forever’ Family Home?, More Pre-Con Buyer Worries, Zoning Problems and More — ‘The Situation’ Consumer Q&A

I respond to another round of consumers experiencing challenging real estate situations and decisions across the Toronto area right now.

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Tight Inventory Levels Up Only Slightly - Toronto Real Estate Market Update - Feb 2023

Toronto area sales levels continue to hit historical lows, but low listing levels keep prices flat.

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How Canada’s Immigration Policies are Driving Up Housing Prices

It's time to assess Canada's immigration policies honestly, for the benefit of all Canadians, new and existing.
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Best and Worst Appreciating Neighbourhoods in the Toronto Area in 2022

During a turbulent year, these GTA neighbourhoods stood out for how well - or badly - their home prices held up. 
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Trends to Look for in Toronto’s Housing Market in 2023

While it's impossible to predict where exactly home prices will go, tracking these key factors can show us which direction is most likely.
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A Look Back at Toronto’s Housing Market in 2022

As the Bank of Canada makes a crucial rate announcement, let's review just how we got to this point.
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After a Wild Drop, GTA Home Prices Remain in Uneasy Hold - January 2023 Market Update

2022 home prices are up year-over-year, but this obscures a tumultuous year in which prices hit new highs at the start, fell sharply in the middle, and have stayed flat since.

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A Closer Look at Toronto’s Rental Market - Data Dive

Aside from a small dip during Covid, Toronto rents are ever higher for both condos and houses - as buying becomes more out of reach for many.

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Mortgage Woes, Pre-Con Bets and More - 'The Situation' GTA Real Estate Consumer Q&A

In our monthly feature, home owners and would be buyers and sellers ask questions about the complex real estate situations they are facing across the GTA.

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Financial Stress is Building for Canadians

Why this holiday season is unprecedented for reasons beyond this Christmas weekend's 'weather bomb.'

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Canada Bans Foreign Buyers - Will It Matter Now?

After long denying the role that foreign buyers play in Canada's housing market, the federal government and authorities are not targeting the real problem.

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Prices Have Stabilized - for Now - Amidst 20-Year Sales Lows - December Market 2022 Report

Most recent market numbers from November show that prices in the Toronto area market are plateauing - for now.

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What's Your Situation? Toronto Area Home Owners Share Stress & Questions

In our new series, home owners and would be buyers and sellers share the questions - and tricky situations - they are facing across the GTA.

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November 2022 Market Update: 20 Year Lows in Sales - and Listings - Are Keeping Prices Flat

Latest numbers continue to show a stalemate - for now. 

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The Good, the Bad and the Ugly for Toronto Real Estate

The path forward is far from certain - I take a close look at the data to see what might happen next.

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October 2022 Market Update: New Listings Hit a 20-Year Low in Toronto

September market numbers are out - and I review how they stack up against on the ground realities now.

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High Interest Rates Alone Are Not Why Toronto Home Prices Are Down

What economic research says about how real estate prices tend to move when the market changes suddenly.

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Why Toronto Real Estate Investors Aren’t Rushing to Sell Yet

Rising rents are keeping investors optimistic - for now.

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Why Are So Few Homes Available For Sale in Toronto?

With demand for real estate falling off dramatically, why aren't we seeing the build-up of homes on the market we'd expect?

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September 2022 Market Update: Toronto Home Prices Level Off Due to Low Inventory

August market numbers are out - and I review how they stack up against on the ground realities now.

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More Options for First-Time Buyers Looking for a Family Home

The number of homes listed under the critical $1 million mark increases as the Toronto area real estate market continues to slow down.

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These GTA Cities Are Seeing the Biggest Drop in House Prices

Areas that rose the highest during the Covid-boom are falling the most.

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City of Toronto House Prices Fall to Pre-Covid Levels

Toronto is the first municipality in the GTA to return to pre-pandemic prices.

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August 2022 Market Update: Toronto Area House Prices Down YOY for First Time Since Peak

Average house price down to $1,285,222 in July, down 1% over last year, while average condo prices slid to $738,930, still 7% up over last year.

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How to Adjust Your Home Selling Strategy When Prices Are Falling

In this latest video in a special series, lead contributor, John Pasalis of Realosophy Realty, explains what you need to do to secure a better outcome in an uncertain time.

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How to Adjust Your Home Buying Strategy When Prices Are Falling

In the fourth of a special series, lead contributor, John Pasalis of Realosophy Realty, explains how buyers need to be thinking when making offers in a falling Toronto area market.

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Should I Buy While Toronto Homes Prices Are Falling?

It's a question a lot of people are asking me - here's what buyers are really asking and how I respond.

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Toronto Real Estate Market Faces Economic Conditions Not Seen Since 90s

Why things are different from the last time we saw a market downturn in 2017.

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July 2022 Market Update: Toronto Area House & Condo Prices Fall Again

Latest market numbers show that Toronto's house and condo prices falling up to 20% from peaks earlier this year though staying slightly up year-over-year.

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Toronto's Suburban Condo Market Also Slows Down (Faster Than The City)

Since February 2022, condo sales and prices are declining far more rapidly in the suburbs than in the City of Toronto. 

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Toronto Real Estate Sales Hit 20-Year Low (Almost)

We haven't seen numbers like this since the height of the onset of Covid-19 pandemic.

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June 2022 Market Update: Toronto Real Estate Sales Hit Historic Low

Early signs of a slowdown on-the-ground now strongly showing in the latest market numbers.

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How to Sell Your Home in a Slowing Market

How you need to adjust your strategy in a suddenly changing market.

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Toronto Suburban Houses Lose Relative Value

Some areas that saw the fastest price gains during the pandemic are now coming down.

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Why Are Some Toronto Area Home Prices Dropping So Quickly?

How consumer - and agent - anxiety is playing a role.

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It's Spring Market Time in Toronto - Why Are Sales Falling?

Over the last decade in the Toronto area, this increase has averaged 8% per year - but not this year. 

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May 2022 Market Update: Significant Data Changes as Market Cools

The slowdown we were first seeing on the ground over the past two months is now showing in the numbers.

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How Higher Interest Rates Will Impact Toronto Home Prices

The big news in the housing market has been surging interest rates.  

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Toronto Market Update: Average Home Prices Fall Slightly From Last Month

While March 2022 housing market numbers were well above those of 2021 and 2020, there are some signs of cooling as average prices fall slightly from February.

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How Do Canadian Home Prices Compare Globally?

The numbers show that Canada's home prices standout amongst comparable countries.

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Toronto’s Suburban Housing Bubble — 1 Year Later

Observers have been worried - but have policy makers done anything to cool  prices in the past year? 

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Is Toronto's Real Estate Market Slowing Down?

What I'm seeing in early on-the-ground signs that won't show up in the data until later.

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Toronto Market Update: House Prices Up 31%, Condos 26% Over Last Year

The numbers for February continued to show a hot market.

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How the Supply Side Argument for Housing Affordability Falls Short

Why I believe a more immediate demand-side lever is being overlooked.

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What's Really Pushing Up Toronto's 'Irrational' Home Prices?

What is behind buyer willingness to pay 40 to 50% more per year for homes?

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Could Home Prices Fall 20% This Year?

Once again, a leading Canadian authority is sounding the alarm - are they right?

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Toronto Market Update: January House Prices Up 25% in 6 Months

Cold weather and snow storms in January did nothing to cool down Toronto’s red hot housing market. 

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Canada's G7-Leading Pop Growth and Housing Impact

How Canada's immigration rate affects home prices

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Could Toronto Home Prices Actually Fall Anytime Soon?

As rising interest rates and other market cooling factors arise, will home prices necessarily fall?

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What's Most Likely to Cool Toronto's Market Right Now?

A closer look at the more likely - though yet to be seen - factors.

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Best Performing Neighbourhoods in Toronto Area in 2021 for Condos

Condo buyers were pulled eastward in the search for affordability.

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Best Performing Neighbourhoods in Toronto Area in 2021 for Houses

Suburban area homes are hot in the search for affordability.

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Toronto Market Update: Looking Back at the Year That Was 2021

Record year of 119,532 home sales, surpassing the previous record of 112,288 in 2016.

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Can Co-Buying a Condo with This Canadian Start-Up Really Pay Off?

A deeper dig into a new pitch from 'Key'.

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Is Canada in a Housing Bubble This Time?

Why a change who's behind the demand for homes makes all the difference.

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Toronto Market Update: Demand Surge Outpaces New Listings in November

Colder weather has had no effect on Toronto’s red hot housing market which continued to show signs of heating up last month.

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Toronto’s Irrationally Exuberant Real Estate Investors

Real buyer demand has explained home prices rises recently, but is a familiar old factor now the story?

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What Will Higher Interest Rates Do to Home Prices?

The Bank of Canada indicates that rate hikes are likely to come soon. What does that mean for the market?

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Toronto Market Update: Median Now $1.3M for Houses, $660K for Condos

The Toronto Area real estate market once again posted strong numbers in October.

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Can Zoning Bring Home Prices Down?

Ontario realtors are now joining experts and activists in calling for zoning rule changes to address Toronto's housing supply problem.

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A Closer Look At Toronto’s Housing Supply Problem

A deep data dive takes us past some familiar complaints to find the real reasons our supply of homes can't meet demand.  

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Is Canadian Real Estate High Risk Right Now?

How seriously should we take the latest alarm from Canada's top housing authority?

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Toronto Market Update: House Prices Jump Up in Sept After Holding Steady

Average house prices jump up after months of holding steady as new listings remain historically low and average condo prices rise slightly.

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What Does the Liberal's Win Really Mean for Canadian Real Estate?

The Liberals have proposed many changes to Canadian housing policy - which of these are likely to happen and what will their impacts be?

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Will Re-Elected Liberals Help Canada's Housing Crisis?

Our recent federal elections revealed how much Canadians are worried about housing unaffordability - but post-election, will anything change?
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How Toronto Home Affordability Ran Away Under Justin Trudeau

A look back on how housing affordability became one of the hottest issues in today's Canada.

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Toronto Market Update: Only 4,001 Houses for Sale in Aug As Listings Drop

A 56% decline from inventory levels year-over-year as the fall market is expected to remain as competitive as it has been this summer.

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Will Campaign Promises to Curb Foreign Buyers Actually Bring Down Canadian Home Prices?

Ahead of our fall election, all of Canada's political parties are full of ambitious housing policy pitches.

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The Big Toronto Condo Rental Comeback

Following the pandemic-induced slowdown, the number of leased condo units has returned to a historically high level.

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What Our Leaders Won't Say About Housing

As Canada heads into an election this fall, here's a closer look at two policy areas that need to be better linked to tackle housing affordability.

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Toronto Market Update: Cooling But Still Competitive As New House Listings Down 37%

July's market numbers show that new listing supply for houses is falling faster than for condos.

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Are Investors to Blame for High House Prices?

How differing beliefs about the housing market between buyers and investors leads to very different market outcomes.

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A Closer Look at the GTA's Cooling Market

Signs that the market is still moving quickly, but not as out-of-control as it was months ago.

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Toronto Market Report: Average GTA House Price Stays At $1.3M Since Feb

The Toronto area market is still competitive and favouring sellers - but things are cooling down.

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Does Toronto Have a Supply or Demand Problem?

There are always some that will perennially argue that a lack of supply is the only problem behind high home prices in Toronto - but it's not that simple.

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What Trigger Could Make Toronto Area Home Prices Fall?

When thinking about what might trigger a decline in home prices, there are generally two broad categories — a fundamental trigger and a behavioural trigger.

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What it will take for Toronto and Vancouver prices to fall?

Realosophy Realty's John Pasalis and Oakwyn Realty's Steve Saretsky join Jessy Bains from Yahoo Finance to discuss what is preventing home prices from decreasing in Toronto...
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Should You Buy a Home in Toronto's Overheated Market Today?

Is it financially safe and worth making so many other sacrifices - like a long commute or living on a busy street - to get into the Toronto area housing market right now?

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Where Can You Buy a House in the Toronto Area for 700K?

In the GTA's overheated market, even first-time buyers with good incomes are finding it nearly impossible to afford a home without long commutes to the city.

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Toronto Market Report: May Sales Up YOY But Down from March Peak

House sales of 7,825 in May are up 157% over last year - but this is due to the anomalies of the COVID-19 lockdown last year - and sales volumes have been trending down since...

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Is it Possible That Canadian Real Estate Prices Have Hit Their Peak?

Realosophy Realty's John Pasalis and Oakwyn Realty's Steve Saretsky join Jessy Bains from Yahoo Finance to discuss at whether the real estate market can get any hotter or if...
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Another year without a pullback in the housing market - What does it mean?

Will a pullback in the market lead to lower average home prices in the coming months or will prices stay high throughout 2021? What would it take to bring down the average cost of...

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Why Would a Real Estate Brokerage Warn About a Housing Bubble?

Why only reporting upbeat and positive information is the domain of old school real estate brokerages.

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Is Investor Demand for Condos Already Up Again?

As agents suggest that demand from investors for Toronto condos has likely exceeded pre-pandemic levels, we dig into the numbers to see.

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Toronto Market Report: 73% of Homes Sell Over Asking - But Signs of Cooling in April

The most important trend of note now is the start of a gradual cooling down in the market for houses across the Greater Toronto Area.

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How Does the Canada Federal Budget Impact Home Buyers & Sellers?

While the federal budget won't make homes more affordable in Canada, average buyers and sellers won't be impacted by policy-induced market shocks either.

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What Should the Government Do About Canada's Overheating Real Estate Market?

Ahead of this Monday's Federal Budget, John Pasalis shares his views on what our politicians should do to make Canadian homes more affordable.

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Toronto Market Report: Highest Number of Sales Pushes Average Home Price to $1.1M in March

With 79% of houses and 63% of condos selling over the asking price in a pandemic no less, average home buyers are stressed - and confused.

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Federal Liberal Government Admits Our Real Estate Market Works For Foreigners Not Canadians

A frank admission acknowledges what many have been saying - but does the government really care?

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Does Toronto Have a Home Supply Problem?

This month we explore low inventory levels and demand shock in Toronto's housing market. 

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Government Cool Down Likely to Target Investors vs First Time Buyers

What action should policy makers take to mitigate Canada's runaway home prices - and what are they most likely to do?

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Are the Bank of Canada and CMHC Fuelling a Housing Bubble?

This month we explore the booming housing market in Toronto and across Canada and how new macro-prudential policies can be introduced to help cool the market. 

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How FOMO is Sending Canada's Home Prices Soaring

Why mortgage rate increases are unlikely to dampen buyer enthusiasm, how the Bank of Canada is contributing to it and more.

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The Incredible Turnaround of Toronto's Condo Market

This month we do a data dive on the City of Toronto’s volatile condo market over the past year. 

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Toronto Market Report: 79% of Houses Sell Over Asking in February

'Excessive exuberance' on display in the Toronto area real estate market right now.

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CMHC Acknowledges Its Bad Market Forecast

A closer look at some surprising real estate stories this week.

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How Do You (Finally) Win a Bid for a Home in a Crazy Market?

With some homes getting up to 30 offers in the Toronto area right now, how can you get ahead as a buyer? 

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How is Real Estate on Fire While Jobs Are on Ice?

Debt Free in 30's Doug Hoyes talks to John Pasalis about the pandemic lockdown, government policy, buyer fatigue and more

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Toronto’s Suburban Housing Bubble

This month we look at Toronto's emerging housing bubble in the suburbs, how it's different from 2017 and how it will end this time around. 

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Fewer Houses for Sale Fuelling Toronto Price Increases

Realosophy's John Pasalis talks to Yahoo Finance on the record highs in real estate and why work from home, low inventory, bidding wars, and the Bank of Canada raises housing...

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Best Performing Neighbourhoods in Toronto and the GTA - Condos

In this post we look at the condominium neighbourhoods within the Toronto and GTA area that have performed well in terms of home price appreciation during 2020. 

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Best Performing Neighbourhoods in Toronto and the GTA - Houses

Given the year we’ve had and the impacts of the COVID-19 pandemic, it’s interesting to note which neighbourhoods within the Toronto and GTA area have performed well in terms of...

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2021: The Year Ahead — What's Next for Toronto Real Estate?

In this month's Move Smartly report, we look at key trends to keep an eye on in the Toronto real estate market during 2021.

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2020: Year in Review — COVID-19 Impacts on Toronto Real Estate

In this month's Move Smartly report, we look back at 2020 and how COVID-19 impacted the Toronto real estate market. 

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Why are Home Prices Expected to Keep on Rising?

Realosophy's John Pasalis talks to Yahoo Finance about why Toronto's real estate market broke records during what's usually a quiet holiday season.

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Investors Return to Downtown Toronto Condos As All Sales Surge in Dec

Realosophy's John Pasalis talks to BNN's Greg Bonnell about record month in which sales surged 64.5 per cent year-over-year amidst double-digit gains in all property types. 

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When Will Toronto’s Downtown Condo Market Return to Normal?

This month's Move Smartly report discusses when Toronto's downtown condo market will return to normal and the many vulnerabilities it faces. 

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Bubble Like Appreciation in Toronto's Suburbs

This month's Move Smartly report investigates the rapid acceleration in demand and house prices in Toronto's suburban markets. 

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The Best and Worst Performing Condos Today

With the Toronto condo market cooling, this month's Move Smartly report investigates which condos are to watch - and which to avoid.

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Toronto Condo Prices Down 9% from Peak

Our lead story in this month's Move Smartly Report unpacks conflicting reports about the condo market.

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Buying and Selling During a Pandemic – What to Do First?

As the gap widens between Toronto's hot market for houses and a cooling market for condos, it's more important than ever to put your moves in the right order.

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Why Are Condo Units for Rent Surging in Toronto?

This month, The Move Smartly Report digs into where Toronto's surge in condo rental supply is coming from.

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Why Are Toronto Homes So Unaffordable?

Once again, is the real problem supply or demand?

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Will Toronto Area Home Prices Fall in 2020?

Our Monthly Market Report looks at how well major forecasts for Toronto area home prices are holding up six months after the start of the Covid-19 crisis.

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How is Toronto Real Estate Hot With Unemployment at 14%?

In spite of three months of economic free fall due to COVID-19, the Toronto real estate market seems to be returning to its pre-pandemic vigour.

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Are Home Prices Going to Fall 18% As CMHC Predicts?

Canada's top mortgage body just shared some pretty bleak expectations - should we take heed?

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Corona Crisis Week 10: Are Toronto Condo Prices Really Down 10%?

Why the widely reported drop in condo prices in last week's news was misleading.

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Corona Crisis Week 9: Toronto Area Real Estate Market Heating Up

The market is now more competitive than it was four weeks ago.

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Toronto Area Home Sales Hit a Record Low in April

The Greater Toronto Area saw a record low 2,942 home sales in April 2020.

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Average Condo Rents Fall in Toronto

 The average rent for a condo across the Toronto area is down, while units for rent climb.

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Corona Crisis Week 7: Signs of Stability in Toronto’s Real Estate Market

An increase in months of inventory suggests buyers as slowly re-entering the market - but not all regions across the Toronto area are picking up at the same speed.

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Corona Crisis Week 6: Is Toronto’s Real Estate Market Stabilizing?

Home sales numbers continue to be down across Toronto and the GTA, but an equal drop in new homes for sale appears to be keeping prices stable.

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Corona Crisis Week 5: Toronto Area Home Sales Down Sharply

The Greater Toronto Area saw a sharp decline in both sales and new listings as home buyers and sellers adjust to the reality of the Coronavirus crisis.

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Corona Crisis Week 4: Best and Worst Performing Real Estate Markets in the GTA

Some markets in the Greater Toronto Area are showing signs of the type of slowdown that requires buyers and sellers to act carefully.

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Corona Crisis Week 3: Toronto's Real Estate Market Hits the Brakes

Toronto real estate market sales have dropped sharply in the third week of Ontario's state of emergency due to Coronavirus pandemic.

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Toronto Home Prices in 2008 Financial Crisis vs. Corona Crisis (So Far)

While the Coronavirus (COVID-19) crisis is unprecedented, its impact on the real estate market can be seen in terms of demand and supply effects which tend to be more familiar. 

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COVID-19's Impact on Toronto Real Estate? Here's a Look Back at SARS

While our present situation is very different, we can take some lessons from the past.
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Why Investing in Pre-Construction Condos Could Cost You Money

This week, I talked to BNN Bloomberg about the questions you should be asking yourself before investing in a pre-construction condo.

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Why Relaxing the Mortgage Stress Test Won't Impact Toronto (Too) Much

John Pasalis, President of Realosophy Realty, joins BNN Bloomberg to discuss needed changes to Canada's mortgage stress tests - and why it is unlikely to make a big impact on the...

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Number of Toronto Condos for Sale Hits a 25-Year Low

Condos in the Greater Toronto Area are fetching prices 15% higher than last year - but this time, it's not because of higher demand.

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Why We Should Be Worried About Toronto Condo Prices Rising

Realosophy's John Pasalis talks to BNN's Greg Bonnell about why sharply rising prices - particularly in Toronto's condo sector - might be a cause for concern.

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What to Expect for Toronto's Real Estate Market in 2020

Realosophy's John Pasalis chats with the team at BNN Bloomberg to review Toronto real estate in 2019 - and discuss what's ahead for 2020.

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Why Home Buyers Should be Worried About Falling Prices (And What To Do About It)

While many buyers simply hope for the best, others focus on finding a bargain - but all should instead focus on steering clear of the problem areas that bring an overall market...

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Why You Can’t Afford a Condo in Toronto

One data trend emerges starkly amongst a litany of theories.

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Should I Still Worry About (And How Can I Avoid) Buying a Former Grow Op?

Pot's legal in Canada, but there are still good reasons to stay clear of a home that has been used a marijuana grow operation - here's how to do it. 

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Toronto Area Home Prices Climb as New Listings Plummet

The Toronto Area real estate market is heating up and getting competitive this winter as sales and prices rise and the number of new listings falls. 

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How to Check if a Toronto Home is Heritage Property - And Why It Matters

Why it's important to know whether a home has heritage designation before you buy - and how to check.

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What’s Driving Toronto & Area Housing Market Surge (This Time)

Why momentum is swinging back to the regions - and types of homes - that were hit hardest in last few years.

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Condo Sales Up 16% in Toronto Area at Start of Fall Market

All Toronto area regions saw sales grow by double digits - except for Halton.

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What Does the Federal Election Result Mean for Canadian Real Estate?

Why the returning Liberal Government's first-time buyer incentives are unlikely to make much of a difference - and what policy changes would.

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How to Avoid Buying a Home With Illegal Parking

In the City of Toronto, homes are currently being advertised for sale with front pad parking spots that need to be registered to be considered legal.

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Toronto Area Detached Home Sales Were Up 29% in September

Toronto's fall real estate market opened with continued demand for detached homes throughout the Toronto area, with York Region leading the way.

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How to Avoid Buying a Badly Flipped Home

Toronto's booming real estate market and our love of tv reno shows has made the "flip" - a quickly renovated home - part of our everyday vocabulary, but it poses unique risks for...

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How Building Permit Data Can Help You Avoid Buying a Problem Home

What are building permits - and how can they help  you avoid buying homes with major problems?

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How to Avoid Hidden House Problems

Use the latest in data technology to avoid being surprised by these common but ‘invisible’ house problems.

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Toronto Condo Listed 70 Times on the Market Over Six Years - Without Selling

I've seen many interesting things in Toronto's real estate market over the past twenty years, but recently came across one of the oddest things I've ever seen.

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Toronto Suburbs Drive Home Sales up 13% in August

August home sales in the Greater Toronto (GTA) area were up 13% over the same month last year based on Realosophy Realty's analysis of sales through the Toronto Real Estate...

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Why Are Detached House Prices Falling When Sales Are Up 29%?

Toronto area detached home sales in continued to surge in last month - so why are prices falling?

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Analyzing Canada's Housing Market: East Strengthens, West Weakens

Why are house prices sliding in the West of Canada, while the East returns to growth, with the Toronto Area's York Region leading the way?

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Toronto Area Condo Sales Dip 3% in June

Toronto area condo prices are now out of reach for many buyers, pushing sales down - so what's keeping prices up?

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Toronto Area Detached Home Sales Up 19% in June

Strong demand continues with sales up 19% over the same month last year, but why aren't we seeing the bidding wars of previous years?

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Why are Detached Home Sales Booming in York Region?

York Region detached homes were the hardest hit by a bubble in 2017 - so why are sales booming again?

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A Turning Point for Toronto’s Condo Real Estate Market?

Condos have helped to prop up a drooping real estate market in the Toronto area - but has demand for them started to cool?

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Why Buying a Home Could Be the First Step Towards a Divorce

Research shows that financial stress is among the top reasons couples get divorced. So why do we keep overspending on our homes?

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Your Home Isn't Selling - Now What?

What I advise home sellers to do when their home is not selling - and why it differs from the approach often taken by agents.

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I Made My First Real Estate Decision When I Was 23 - And It Wasn’t a Great One

Launched this past fall, TheMindfulBroker.com aims to address a critical gap in our adult education - how to meet our basic need for housing successfully.

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Why is Toronto's Real Estate Market Doing Better Than Vancouver's?

Toronto is doing better at the things that matter most and was less affected by negative factors.

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Toronto Real Estate in 2019:  The Good, the Bad and the Ugly

The good, the bad and the ugly details that might impact Toronto’s housing market in the year ahead.

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Did Toronto’s Housing Market Have a Soft Landing?

A soft landing in the housing market is a moderate and relatively balanced decline in house prices rather than a big 40-50% crash that some housing markets experience when bubbles...

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Don't Buy a Home Without Knowing This

After studying housing markets for two decades, I have learned that making better real estate decisions is not about luck, or timing, or wealth. 

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Toronto Home Owners Are Turning to High Interest Private Debt

Special Report: Toronto’s twenty-year housing boom has resulted in a negative side effect that homeowners are starting to feel – very high debt levels.

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Are Declines in House Prices Predictable?

Housing markets are notoriously difficult to predict - but data can help home buyers and sellers answer some critical questions.

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How Debt is Cooling Toronto’s Housing Market

Will the Toronto real estate market return to previously seen highs - or has a major new road block appeared?

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Why I Fought for Sold Data - and Why The Fight is Not Over

When will innovative Toronto-area brokerages like Realosophy finally be able to share home sold prices with consumers online? 

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Over One in Four Toronto Area Homes for Sale are Empty

Why are so many homes sitting empty and why has the number increased over last year?

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Why are Fewer Toronto Area Houses for Sale Than Five Years Ago?

When we look at the number of properties that have been listed for sale in the Greater Toronto Area (GTA) (including Toronto) since 2012, we see a very interesting trend.  

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How Canada's Mortgage Stress Tests Have Spiked Toronto Condo Prices

The Canadian federal government introduced new mortgage rules in the fall of 2016 to combat rapidly increasing home prices - but have they driven up condo prices instead?

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Why are Detached House Prices Stable When Sales are Falling?

One of the questions I get often from buyers is how house prices can remain stable while sales are declining and inventory is increasing? 

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The Mistake That Cost Sellers Millions When Toronto's Housing Bubble Burst

This time last year, nearly 1,000 Toronto home buyers and sellers suffered major financial losses - could they have done something differently or was it just bad timing?

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Drop in Toronto Condo Listings Keeps Prices Up

With Toronto Areacondo sales down 26% in April 2018, many buyers are wondering why the condo market is still incredibly competitive and prices are still up.

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What You Can Learn From Toronto's 2017 Real Estate Bubble

Today we're releasing a new report featuring my analysis of last year's real estate bubble - why it happened and how it affected home buyers and sellers in Toronto and the Greater...

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GTA House Prices Falling Furthest Where Investors Once Dominated

This time last year we published a report Freeholds on Fire: How Investor Demand for Houses is Driving Up Prices in the Greater Toronto Area which looked at how investors in the...

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Why Toronto’s Real Estate Market Isn’t Crashing (Anymore)

The headlines and the recent numbers about the Greater Toronto Area’s real estate market have not been great this spring. Average home prices are down 14% in March and sales are...

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Why condos are more expensive than houses in the Greater Toronto Area

John Pasalis in Toronto Real Estate News, Condo Buying

Ryerson’s City Building Institute published an interesting paper this week that concluded that builders are not building...

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Wynne Liberals prioritize Realtor commissions over consumer protection

John Pasalis in Toronto Real Estate News

photo credit Globe and Mail

Yesterday the Ontario provincial government announced plans to add more regulation to the practice of double...

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Is Toronto’s real estate market still crashing?

John Pasalis in Toronto Real Estate News

If you’re considering buying a home in the Greater Toronto Area, it’s really tough to make sense of what is really happening in the real...

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Why Some Toronto Neighbourhoods Are Likely to See Prices Fall Even Further

John Pasalis in Toronto Real Estate News, Home Buying

In my last blog post (The GTA Neighbourhoods Home Buyers Should Avoid), I walked through a metric we use at Realosophy to...

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The GTA Neighbourhoods Home Buyers Should Avoid

John Pasalis in Toronto Real Estate News, Home Buying

I recently stopped by TVO’s The Agenda to discuss the latest market stats with the Toronto Star’s Tess Kalinowski, and host...

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Why This is the Best and Worst Time to Buy a Home in Toronto

John Pasalis in Toronto Real Estate News, Home Buying

“Be fearful when others are greedy and greedy when others are fearful”  -  Warren Buffett

Acclaimed investor Warren Buffett...

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Three Takeaways from Ontario’s Newly Released Foreign Home Buyer Data

John Pasalis in Toronto Real Estate News

The province of Ontario just announced that 4.7% of the 18,282 homes purchased in the Greater Golden Horseshoe between April 24th and May...

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How Bidding on a Home in Toronto Just Got Worse

John Pasalis in Toronto Real Estate News , Home Buying

If there is one part of the home buying process that all of Toronto hates – it’s when you have to compete for a home...

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GTA Home Sales Plunge 26% Following Ontario Foreign Buyer Tax

John Pasalis in Toronto Real Estate News

On April 20th 2017 the Ontario government introduced their Fair Housing Plan which included a 15% tax on homes purchased by foreign...

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From Bidding Wars to Lowball Offers – Toronto’s roller coaster real estate market

John Pasalis in Toronto Real Estate News

The first half of 2017 has been a roller coaster ride for Toronto’s real estate market.

The first 3 months of the year were the most...

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Ontario's New Fair Housing Plan - The Good and the Bad

John Pasalis in Toronto Real Estate News

The Ontario government has responded to the rapid growth in house prices and rents in the Greater Toronto Area by releasing what they...

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New Listings Surge 62% as Toronto Home Owners Cash in on Hot Real Estate Market

John Pasalis in Toronto Real Estate News

The first week of April saw the number of new listings of freehold houses (detached, semi-detached and townhouses) surge 62% over last...

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House Prices Up over 60% in GTA's Hottest Areas

John Pasalis in Toronto Real Estate News

Toronto's real estate market continued to defy gravity in March when the average price for a home climbed to $922,757 in March 2017, a 33%...

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Data Shows That Investors Are Now Speculating on Single Family Houses Across GTA

John Pasalis in Toronto Real Estate News

Last year I wrote about a trend I had been noticing in the Toronto area real estate market - whether at our office or at dinner parties,...

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Are Toronto House Prices Booming Because Too Many People Want to Live Here?

John Pasalis in Toronto Real Estate News

In the late 1980's economists Robert Shiller and Karl Case began to challenge the long standing assumption that all home buying decisions...

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GTA Detached Home Prices Up 28% in January

John Pasalis in Toronto Real Estate News

The Greater Toronto Area's real estate market is off to a very hot start in 2017. The table below shows the average price for a detached...

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Home Prices Up Over 50% In GTA’s Hottest Neighbourhoods

John Pasalis in Toronto Real Estate News

Earlier this month the Toronto Real Estate Board announced that the average price of a detached home in the 905 region was up 29.4% year...

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Is This a Good Time to Buy a Home in Toronto?

John Pasalis in Toronto Real Estate News, Home Buying

As I started my own home search a few months ago I found myself in an interesting position – for an owner of a real estate...

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The Tipping Point for Toronto’s Real Estate Market

John Pasalis in Toronto Real Estate News

Torontonians have become so accustomed to hearing about how competitive the real estate market is and how quickly prices are rising that...

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First Signs of a Real Estate Bubble in Toronto?

John Pasalis in Toronto Real Estate News

Readers of this blog know that I am not one to call bubbles lightly (or every month for the past few years, like some). Something may...

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Are all Condos a Good Investment?

John Pasalis in Condo Buying

Many research focused home buyers looking to make a smart home buying decision will often invest a lot of their time studying the average price per...

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Why Toronto's Real Estate Market is so Fiercely Competitive Right Now

John Pasalis in Toronto Real Estate News

If you're a buyer looking for a home in Toronto right now, you probably know first hand how competitive the market is. You are probably...

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How to Avoid Buying At the Peak of a Real Estate Bubble

John Pasalis in Home Buying

No home buyer wants to be the sad buyer in our chart below who bought their house at the absolute peak of a real estate bubble, just before prices...

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The Science of Home Buying

John Pasalis in Toronto Real Estate News, Home Buying

For decades, real estate agents have been helping home buyers with the art of buying a home. They have advised them on what...

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Making Sense of Real Estate Bubbles

John Pasalis in Toronto Real Estate News

Bubbles are always easy to call after the fact, but things are far less clear when you’re in one.

The fact that leading economists can’t...

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You Will Live in Your Current Home for 10 Years and Other Surprising Facts

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board published the results of a survey of recent and intending home buyers which reveals some interesting...

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Why Toronto Home Prices won’t Fall in 2016

John Pasalis in Toronto Real Estate News

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Toronto’s Real Estate Market in 2015 - A Year in Review

John Pasalis in Toronto Real Estate News

Below are my top takeaways for Toronto’s real estate market in 2015.

Record Sales

The GTA saw a strong increase in the demand for homes in...

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The Future of Home Buying

John Pasalis in Realosophy News

Really happy to be launching Realosophy Pro this week, our latest analytics product that shows past sale history, comparable sales and deep...

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Purchasing Power Parity for Toronto Neighbourhoods

Purchasing power parity is an economic theory that helps us understand how overvalued or undervalued currencies are by comparing their currencies purchasing power for identical...

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Toronto Real Estate Market Statistics - October 2010

John Pasalis in Toronto Real Estate News

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Toronto Real Estate Market Statistics - September 2010

John Pasalis in Toronto Real Estate News

The average price for a Toronto home increased by 5% in September over the same month last year to $427,329.  

You can see all the monthly...

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Globe and Mail Home Value Survey Released + Potential CREA Settlement

UPDATE - 12:18PM - Unfortunately, John's online chat with the Globe and Mail and consumers @ noon today was canceled due to technical difficulties at the Globe. But since...

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Toronto Real Estate Market Statistics - August 2010

John Pasalis in Toronto Real Estate News

It was a relatively quiet August for Toronto’s real estate market with the number of sales for the month falling 22% over the same month...

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Five Questions For....Pascal Gauthier, TD Bank Senior Economist on the Real Estate Market in Canada and Toronto

John Pasalis in Five Questions, Toronto Real Estate News, Mortgages and Finance

Editor's Note: "Five Questions For" is a periodic series in which Move Smartly bloggers get answers...

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Toronto Condo Listings Up 72% in Second Quarter

John Pasalis in Toronto Real Estate News

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Toronto Real Estate Sales and New Listings Continue to Slide Mid August

John Pasalis in Toronto Real Estate News

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Is the Sky Falling on Toronto’s Real Estate Market?

John Pasalis in Toronto Real Estate News

Editor's Note: Due to spam and trolling issues, Move Smartly's comments have been disabled. But we still want to hear from you! Please...

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Toronto Real Estate Sales Down 23% in June

John in Toronto Real Estate News

Toronto home sales continued to slide in June. The Toronto Real Estate Board reported 8,442 home sales in June, a 23% decline over the same month...

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Bubbling with Concern: Toronto Life Declares Toronto Real Estate Bubble

John in Toronto Real Estate News

 In case you haven’t heard, we’re in a real estate bubble!  Well, at least according to Toronto Life.

In their current Real Estate Issue, Toronto...

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Toronto Real Estate Sales Down 20% mid June

John in Toronto Real Estate News

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Which Toronto Neighbourhoods are Safest in a Slowing Housing Market?

John in Toronto Real Estate News, Toronto Neighbourhoods

The slowdown in Toronto's real estate market continued in May with sales actually dropping by 1% over the same month last...

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Is Toronto's Housing Market a Bubble?

John in Toronto Real Estate News

For the average home buyer, making sense of Toronto’s real estate market is not easy. We often read conflicting media reports about the market...

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Toronto Real Estate Listings Up 48% Mid May

John in Toronto Real Estate News

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A Turning Point for Toronto's Real Estate Market

John in Toronto Real Estate News

For the first time since 2008 the growth in new listings coming on the market in April exceeded the growth in sales. A significant turning point...

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Canadian Home Prices up 9.9%

John in Toronto Real Estate News

From the Teranet National Bank House Price Index:

Canadian home prices in February were up 9.9% from a year earlier, according to the...

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Toronto's Real Estate Market - 48% Increase in New Listings Mid April

John in Toronto Real Estate News

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Record Number of Homes Listed For Sale

John in Toronto Real Estate News

From the Canadian Real Estate Association's Press Release:

Homebuyers have more choice heading into the busy spring buying season, with new...

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Toronto’s Real Estate Market Starting to Stabilize

John in Toronto Real Estate News

Since May 2009 the number of houses coming on the market for sale in Toronto has been on the decline while the demand from buyers measured by the...

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Competition Bureau vs. CREA: Battling Over Canada's Real Estate Industry

John and Urmi in Toronto Real Estate News

Like many of you, we’ve been following the Competition Bureau’s decision to challenge the Canadian Real Estate Association (CREA)’s MLS...

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Is Toronto's Real Estate Market a Bubble Ready to Burst?

John Pasalis in Toronto Real Estate News

It seems as though any time house prices are on the rise in Toronto, regardless of how modest the increase might be, Torontonians are...

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Toronto Real Estate Sales up 74% Mid February

John Pasalis in Toronto Real Estate News

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Tougher Mortgage Rules for Canadian Buyers

John Pasalis in Toronto Real Estate News

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Federal Government To Change Mortgage Rules

John Pasalis in Toronto Real Estate News

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Toronto House Prices Up 19%

John Pasalis in Toronto Real Estate News

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Toronto and Vancouver – Canada’s Hottest Real Estate Markets

John Pasalis in Toronto Real Estate News

Toronto and Vancouver have Canada’s hottest real estate market according to the Teranet-National Bank House Price figures released this...

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Toronto House Prices up 19% Mid January

John Pasalis in Toronto Real Estate News

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Toronto House Prices Increase for 13th Straight Year

John Pasalis in Toronto Real Estate News

The average price for a Toronto home increased by 4% in 2009 to $395,460, the 13th straight year house values have increased in Toronto.

...

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Feds May Change Mortgage Rules to Cool Down Real Estate Market

John Pasalis in Toronto Real Estate News

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Toronto Real Estate Sales Up Mid December

John Pasalis in Toronto Real Estate News

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A Glimmer of Hope for Toronto Home Buyers

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board’s November Market Watch report showed the first sign that some relief might be on the way for Toronto home...

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More Transparency Needed in The Real Estate Industry’s Multiple Offer Process

John Pasalis in Toronto Real Estate News, Home Buying Tips

The Real Estate Council of Ontario (RECO) recently published a brochure with some consumer focused information about...

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Toronto Real Estate Sales up 84% First Half of November

John Pasalis in Toronto Real Estate News

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Competition in the Real Estate Industry – This Entrepreneur’s Perspective

John Pasalis in Toronto Real Estate News, Real Estate Trends

In case you missed the headlines earlier this week, after a two-year investigation into Canada’s real estate brokerage...

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Toronto Real Estate Sales Statistics for October 2009

John Pasalis in Toronto Real Estate News

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Toronto Real Estate Prices up 9.4% in 4 Months

John Pasalis in Toronto Real Estate News

Toronto real estate prices increased by 9.4% in just four months according to the Teranet National Bank House Price Index.

The House...

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Why are there fewer for sale signs in Toronto?

John Pasalis in Toronto Real Estate News

There are a lot of factors at play when it comes to the current shortage in housing supply that we are seeing in Toronto. 

From...

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October mid-month real estate statistics

John Pasalis in Toronto Real Estate News

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Toronto Real Estate Inventory Down 42%

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board released their monthly Market Watch report yesterday and the numbers aren't very encouraging. We are...

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A Few Real Estate Reports

John Pasalis in Toronto Real Estate News

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Toronto Real Estate Sales up 23% First Half of September

John Pasalis in Toronto Real Estate News

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Competing in a Multiple Offer in Toronto's Real Estate Market

John Pasalis in Home Buying Tips

My last post on multiple offers sparked reaction from agents and consumers alike. As a follow up, I’ll consider these comments and further clarify...

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Toronto Real Estate Inventory Down 37.5%

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board released their monthly Market Watch report for August showing 8,035 home sales in August - a 27% increase...

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Toronto Real Estate Sales Post July Record – 1 in 7 Houses Get Multiple offers

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board reported a record 9,967 resale home sales for July, a 28% increase over the same month last year. Average...

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The Best Strategy When Competing against 17 Other Buyers for a House

John Pasalis in Toronto Real Estate News

When Toronto’s real estate market started to pick up in April it was encouraging to see that many Toronto home buyers were taking a very...

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Toronto Real Estate Sales Up 27% Mid July

John Pasalis in Toronto Real Estate News

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Alarming Imbalance in Toronto's Real Estate Market

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board reported 10,995 sales in June 2009, a 27% increase over the same month in the previous year and the highest...

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Is a Condition on Financing or Inspection a Guaranteed Way to Get Out of Your Purchase Agreement?

John Pasalis in Home Buying Tips

When buyers decide to make an offer to purchase a home their real estate agent typically includes two conditions in the agreement of purchase and...

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Toronto Real Estate Sales Up 19 Per Cent in the First Half of June

John Pasalis in Toronto Real Estate News

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Are you Still Waiting for Toronto’s Real Estate Market to Crash?

John Pasalis in Toronto Real Estate News

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Canada's Real Estate Market Rebounds

John Pasalis in Toronto Real Estate News

From the Canadian Real Estate Association's Press Release:

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National...

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Toronto Real Estate: A Seller's Market

John Pasalis in Toronto Real Estate News

Home sales in the Greater Toronto Area increased by almost 2% to 9,589 in May 2009, the first monthly increase since December 2007....

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Toronto Real Estate Sales Up 3% Mid May

John Pasalis in Toronto Real Estate News

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7 Reasons Why Toronto's Condo Market is on Solid Ground

John Pasalis in Toronto Real Estate News, Condo Buying Tips

Toronto’s condo market is on solid ground according to a recent research paper published by Scotiabank Economics....

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How Realtors Help Commercials

John Pasalis in Toronto Real Estate News

The Canadian Real Estate Association (CREA) recently released two new commercials as part of their "How Realtors Help" ad campaign.  I ...

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Canadian Home Prices Down 7.4% from Peak

John Pasalis in Toronto Real Estate News

February 2009 marked the sixth straight monthly decline for the Teranet National Bank House Price Index for Canada. Canadian home prices...

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Lessons from Toronto’s Real Estate Crash

John Pasalis in Toronto Real Estate News

The overall mood about the current state of Toronto’s real estate market typically depends on the two most commonly reported statistics in...

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Toronto's Real Estate Market is Warming Up

John Pasalis in Toronto Real Estate News

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Positive News for Toronto's Real Estate Market?

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board released their March sales statistics yesterday and they appear to be encouraged by the fact that sales are...

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Canada's House Price Index Down 5.5% From Peak

John Pasalis in Toronto Real Estate News

Canadian home prices fell 2.4% in January 2009 led by declines in Calgary (-8.2%) and Vancouver (-4.2%). The Teranet-National Bank House...

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Toronto Real Estate Sales Picking Up Mid March

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board reported 2,565 transactions in the first half of March 2009, a 19% drop from the 3,183 transactions reported...

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A Closer Look at Toronto’s Real Estate Market

John Pasalis in Toronto Real Estate News

The recent slowdown in Toronto’s real estate market has left many people wondering where the market is heading leading up to the busy...

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Toronto Real Estate Sales Down 32% in February 2009

John Pasalis in Toronto Real Estate News

Fellow real estate blogger Richard Silver has the inside scoop on TREB's February sales statistics.

The Toronto Real Estate Board recorded...

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OMB Decides - No Big Box in Leslieville

John Pasalis in Leslieville, Urban Issues

The Ontario Municipal Board has decided that big box stores anchored by a Wal-mart have no place in Leslieville. The board said that...

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Canadian House Prices Unchanged in December

John Pasalis in Toronto Real Estate News

Canadian house prices in December 2008 were down just .6% from a year earlier, according to the Teranet-National Bank House Price Index....

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700 Ontario Homes Insulated with UFFI

John Pasalis in Toronto Real Estate News

In the past 18 months 700 Ontario homes have been insulated with a prohibited type of insulation called urea formaldehyde-based thermal...

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79 Mortgage Brokerages Suspended in Ontario

John Pasalis in Toronto Real Estate News

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Toronto Real Estate Sales Pick Up- Mid February 2009

John Pasalis in Toronto Real Estate News

Under normal circumstances, a 26% decline in real estate sales is not something to be excited about. But these are not normal...

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Three Toronto Real Estate Brokerages Being Investigated

John Pasalis in Toronto Real Estate News

Over the past couple of months the Real Estate Council of Ontario (RECO) has issued a freeze order, freezing the accounts of three...

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Sales Slump Continues in Toronto's Real Estate Market

John Pasalis in Toronto Real Estate News

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Toronto Rental Market Surges

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board reported 3,433 condominium rentals in the Greater Toronto Area from September to December 2008, a 30%...

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Canada's Home Renovation Tax Credit

John Pasalis in Toronto Real Estate News

Canada's Home Renovation Tax Credit (HRTC) was introduced as part of the 2009 federal budget and was just one of several measures...

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Actions to Stimulate Canada's Housing Sector

John Pasalis in Toronto Real Estate News

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A Slow Start to Toronto's Real Estate Market for 2009

John Pasalis in Toronto Real Estate News

Toronto real estate sales declined by 50% during the first half of January 2009, continuing a sales slide that started in October 2008.

...

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Toronto's Real Estate Market - A National Perspective

John Pasalis in Toronto Real Estate News

A couple of weeks ago I wrote a post about a new Canadian House Price Index launched by National Bank and Teranet. I thought I would...

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Toronto Real Estate Sales Down 20% in 2008, Prices Flat

John Pasalis in Toronto Real Estate News

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Canada’s National House Price Index

John Pasalis in Toronto Real Estate News

Using a simple average to measure the change in real estate values can present a number of problems.  I have covered these issues in ...

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Low Vacancy Rate Good News for Toronto Condo Investors

John Pasalis in Toronto Real Estate News

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Toronto Land Transfer Tax Hurts Real Estate Market

John Pasalis in Toronto Real Estate News

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Toronto’s Real Estate Market – No Reason To Panic, RBC Says

John Pasalis in Toronto Real Estate News

RBC Economics says that Canada is experiencing a “Canadian-style” housing downturn but will avoid a US style housing market crash. The...

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Toronto Real Estate Sales Drop 50% in November 2008

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board recorded 3,640 sales in the Greater Toronto Area for November 2008, a 50% decline over the 7,313 recorded in...

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A Closer Look at Canada's Decline in Real Estate Prices

John Pasalis in Toronto Real Estate News

For the past couple of months I have been cautioning our readers against making any big conclusions about Toronto’s real estate market...

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Toronto Real Estate Prices to Show Modest Growth in 2009, CMHC says

John Pasalis in Toronto Real Estate News

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Toronto Real Estate Market Remains Slow Mid November

John Pasalis in Toronto Real Estate News

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Making Sense of Toronto’s Real Estate Decline in October

John Pasalis in Toronto Real Estate News

For those who missed the headlines last week, the Toronto Real Estate Board announced their bleak sales figures for October 2008. The...

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Toronto Land Transfer Tax Exaggerates Housing Price Decline

John Pasalis in Toronto Real Estate News

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Toronto Condo Market Is Oversold, Developer Says

John Pasalis in Toronto Real Estate News, Condo Buying Tips

In May of this year the Canadian Mortgage and Housing Corporation (CMHC) released an optimistic report on Toronto's...

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Toronto Real Estate Prices Down 15% in October

John Pasalis in Toronto Real Estate News

The average price for a home in the city of Toronto dropped by 15% during the first half of October, eclipsing the 6% decline we saw last...

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Buying a New Construction Condo in a Slowing Market

John Pasalis in Toronto Real Estate News, Condo Buying Tips

The past ten years have been kind to home buyers and real estate speculators who invested in pre-construction...

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An Update on Toronto's Real Estate Market

John Pasalis in Toronto Real Estate News

After a slight decline in new listings in August, we saw new listings climb 19% over 2007 levels in September and 6% over the volume we...

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Toronto Real Estate Prices Drop 6% in September

John Pasalis in Toronto Real Estate News

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So You Want to Be a Landlord

John Pasalis in Real Estate Trends

CEP News interviewed me several weeks ago for a story about a home buyer who decided to purchase a house with a rental unit as a way to spend a...

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Toronto’s Real Estate Market - Bubble or Boom?

John Pasalis in Toronto Real Estate News

Toronto’s real estate bubble in the late 1980’s left a grave mark on the city. Those who didn’t lose money in the bubble probably knew...

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Toronto Real Estate Sales Prices Flat in September

John Pasalis in Toronto Real Estate News

Real estate sales in the Greater Toronto Area for the first half of September declined to 2,726 a 16% drop over the record set during the...

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Toronto Real Estate Market is balanced: UBC Study

John Pasalis in Toronto Real Estate News

In April of this year I indicated that my outlook for Toronto’s real estate market was neither bullish nor bearish. I said that Toronto...

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Twice as Many Canadians Are Buying US Properties

John in Real Estate Trends

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Toronto Real Estate Prices Drop in August

John Pasalis in Toronto Real Estate News

When I reported last month that real estate prices increased by just $298 in July 2008, I wondered when Toronto would see its first...

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Is Toronto’s Real Estate Market on Shaky Ground?

John Pasalis in Toronto Real Estate News

Many of our readers have been a bit concerned about the rise in inventory (homes available for sale) in Toronto’s real estate market. The...

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Home Sales Rise 3.1% in the US?

John in Real Estate Trends

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Did Garth Turner Impact Toronto's Real Estate Market?

John Pasalis in Toronto Real Estate News

When economists see a significant and sustained deviation from recent trends in data, they try to find the factor(s) that may have...

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Detroit Home Sells for $1

John Pasalis in Real Estate Trends

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Will Toronto be Spared a Major Real Estate Correction?

John Pasalis in Toronto Real Estate News

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Toronto's Real Estate Market - Are Things as Bad as They Seem?

John Pasalis in Toronto Real Estate News

Updated (3:49pm 8/14/2008) :The Toronto Real Estate Board’s Market Watch reports for May and December of 2007 incorrectly swapped the...

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$298 - Appreciation in Toronto Real Estate for July 2008

John Pasalis in Toronto Real Estate News

Some interesting numbers from the Toronto Real Estate Board this month.

The average sale price for a home in the City of Toronto last...

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Canada’s Real Estate Market – An International Perspective

John Pasalis in Toronto Real Estate News

A few months ago I did a live online Q&A on globeandmail.com where I had the opportunity to answer questions about Toronto’s real estate...

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Q1 2008 Toronto Real Estate Sales Drop 21% Over Last Year

John Pasalis in Toronto Real Estate News

Last week we released our Q1 2008 Move Smartly Housing Report which offers a detailed summary of real estate sales by neighbourhood....

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Toronto Real Estate Board says Multiple Offer Process is Fine the Way It Is

John Pasalis in Toronto Real Estate News

One of our reasons for launching realosophy.com was to educate consumers about some of the not so nice things that can go on in the real...

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Government of Canada Makes it Harder to Qualify for a Mortgage

John Pasalis in Toronto Real Estate News

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Bird's Eye View of Toronto Homes

John Pasalis in Real Estate Trends

I am a pretty loyal user of Google Maps but over the past few months I have been using Microsoft’s Live Maps when I want to map houses or...

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Toronto Real Estate Sales Down 18% in June Inventory Up 22%

John Pasalis in Toronto Real Estate News

The latest numbers from the Toronto Real Estate Board:

Download the Complete Market Watch Report

The trend toward more balanced market...

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The Future of the Online Real Estate Search in Canada

John Pasalis in Real Estate Trends

The Globe and Mail interviewed me for an article published this weekend about a local real estate site called Housing123.com that the Canadian...

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Toronto Real Estate Sales Continue to Drop in June

John Pasalis in Toronto Real Estate News

The story for Toronto’s real estate market continues to be consistent half way through June. Prices continue to rise and sales continue to...

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More Than 1 Million US Homes in Foreclosure

John Pasalis in Real Estate Trends

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Buy 1 Get 1 Free Houses

John Pasalis in Real Estate Trends

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Ontario Land Transfer Tax Refund for First-Time Home Buyers Now Law

John Pasalis in Toronto Real Estate News, Home Buying Tips

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Toronto Real Estate Sales Down 19% in May

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board recorded 9,411 sales in the Greater Toronto Area in May 2008, a 16% decline over last year. Prices increased...

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Toronto Condo Investors Not Buying Like They Used To

John Pasalis in Toronto Real Estate News

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World's First Billion Dollar Home to Rise in Mumbai

John Pasalis in Real Estate Trends

I just came across a Forbes article covering the world's first billion dollar home. The home is being built for Indian billionaire and fifth...

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CMHC Analyst Weighs in on Toronto's Condo Market

John Pasalis in Toronto Real Estate News, Condo Buying Tips

Last week I raised a couple of concerns about a recent Canada Mortgage and Housing Corporation (CMHC) report that had...

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Toronto Real Estate Sales Show a Softer Market Mid May

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board released their sales figures for the first half of May 2008 and the statistics continue to show a softer...

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No Crash Expected for Toronto's Condo Market: CMHC

John Pasalis in Toronto Real Estate News

Two housing reports released this week have been making headlines across the country. The reports from Scotiabank and CMHC are forecasting...

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A Milder Economic Slowdown for Canada: OECD

John Pasalis in Toronto Real Estate News

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Repeat Buyers Lift Toronto Real Estate Market to Record Heights in 2007

John Pasalis in Toronto Real Estate News

Earlier this week Realosophy.com released their first Quarterly Move Smartly Housing Report to subscribers. 

The Realosophy team is...

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How Important is Parking to Toronto Condo Buyers?

John Pasalis in Toronto Real Estate News

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Toronto Real Estate Prices and Inventory Rise In April

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board released their sales for April 2008. It wasn't much of a surprise to see that sales declined 7% in April...

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Forecasting Toronto’s Real Estate Market a Tricky Business

John Pasalis in Toronto Real Estate News

Last Friday I was invited to answer questions about Toronto’s real estate market in a live online discussion on globeandmail.com. I...

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Toronto's Real Estate Market - Boring for the Next Couple of Years

John Pasalis in Toronto Real Estate News

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Is a 40-Year Mortgage Hazardous for your Financial Health?

John Pasalis in Money, Home Buying Tips

Last week, the Toronto Star’s Ellen Roseman wrote an article titled 40-year Mortgage Comes with Hidden Hazards. On Move Smartly, we often...

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What's Going on With Toronto's Real Estate Market?

John in Toronto Real Estate News

There were a couple of reports yesterday that are sure to make the average home buyers head spin.

While the Toronto Real Estate Board announced a...

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Toronto Real Estate Sales Down 22% in March

John in Toronto Real Estate News

Here are the latest numbers from the Toronto Real Estate Board.

Low inventory levels kept the Greater Toronto Area resale housing market brisk but...

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Another Reason Why People Don’t Trust Real Estate Agents

John in Home Buying, Home Selling Tips

Multiple Representation (also referred to as Dual Agency) can occur when one agent represents both the buyer and the seller in a real estate...

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Why is Toronto's Real Estate Market Cooling Down?

John in Toronto Real Estate News

The Toronto Real Estate Board released their statistics for the first half of March and it's no surprise to hear that sales in the GTA are down...

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Toronto Real Estate Sales Down 14% Mid March

John in Toronto Real Estate News

Here's is the latest press release from the Toronto Real Estate Board:

Resale home transactions in the Greater Toronto Area continued at a...

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Canadian MP Turns Real Estate Bubble Theorist

John in Toronto Real Estate News

There’s a new book on the market that is sure to satisfy Toronto real estate bubble theorists. While I haven’t read it yet, recent media reports...

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Top 10 Things You Should Know Before Buying A New Condo

John in Condo Buying Tips, Legal

A couple of months ago, CBCs’ Marketplace had a great feature that highlighted many of the problems that buyers of new condominiums are faced...

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Toronto Real Estate Sales down 11% in February

John in Toronto Real Estate News

Real estate sales rebounded slightly in the second half of February according to the Toronto Real Estate Board. Resale sales were down 14% during...

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Toronto Condo Developer Misses the Mark with Facebook Advertising Campaign

John in Toronto Real Estate News

Urbancorp, the developer behind West Side Lofts and Bridge Condos, is Toronto’s first condo developer to leverage Facebook’s new advertising...

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Snow Storms Impacting Toronto Real Estate Sales?

John in Toronto Real Estate News

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Toronto Real Estate Sales Drop 14% in February

John in Toronto Real Estate News

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Monitoring Agents: Is a Mistake Always Unethical?

John in Toronto Real Estate News

Any time a realtor represents a family member in a real estate transaction, this relationship must be disclosed to all parties involved. Being...

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Using Demographic Data to Bring Toronto Neighbourhoods to Life

John in Realosophy News

After months of work, I’m excited that the Realosophy team has added some great updates to our site. One of our goals when we first started was to help...

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Is the Toronto Real Estate Market Really Cooling Down?

John in Toronto Real Estate News

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Toronto Real Estate Market Watch - January 2008

John in Toronto Real Estate News

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Is Now a Good Time to Choose a Variable Rate Mortgage?

John in HomeBuying, Money

With all the news about interest rate cuts recently, many home buyers are wondering if now is the right time to go with a variable rate mortgage. The...

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Is Now the Right Time to Buy Real Estate in Toronto (Part 2)

John in Home Buying, Toronto Real Estate News

In a previous post I addressed the one question that’s on most first time buyers minds; is now the right time to buy my first home?...

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Are Toronto Condos a Better Investment than Detached Homes?

John in Toronto Real Estate News

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No Drake Hotel For Queen Street East

John in Leslieville, Toronto Real Estate News

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Leslieville Lofts

John in Leslieville, Toronto Condos and Lofts

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Is now the right time to buy your first home in Toronto?

John in HomeBuying, Toronto Real Estate News

It’s a tough time to be a first-time home buyer in Toronto. Toronto’s eleven year real estate boom has left many first time buyers...

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Toronto Real Estate Sales Up 12% in 2007

John in Toronto Real Estate News

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The Start of Fairer Competition? Toronto Real Estate Board Sued for $41 Million

John in Toronto Real Estate News

REM, a Canadian real estate industry publication, reports that discount brokerage Realtysellers is suing the Toronto Real Estate Board for $41...

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Potential Pitfalls of Winning a Multiple Offer

John in Home Buying, Legal

Multiple offers on homes are a common occurrence in Toronto’s hot real estate market. For those unfamiliar with the dynamics of a multiple offer, go to

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Toronto Real Estate Sales Break Two Records in November

John in Toronto Real Estate News

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UK Home Information Packs: More Protection for HomeBuyers?

John in Home Buying, Media Roundup

Home Information Packs (HIPs) were introduced in the UK this past summer as a way to improve transparency in the HomeBuying process. HIPs...

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Canadian Interest Rates Impacted by US Subprime Collapse

John in Money, Media Roundup

Rob Carrick from the Globe and Mail had a great article last week that highlighted the effects the US subprime mortgage collapse is having on Canadian...

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What Does the Future Hold for Toronto's Condo Investors? Windfall or Bust?

John in Condo Buying, Toronto Real Estate News

Now that the dust has settled on the insanity that was the 1 Bloor broker preview, we can start asking what the future holds for...

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Aura - Canada's Largest Condo Tower?

John in Toronto Condos and Lofts, Toronto Real Estate News

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Condo Madness in Toronto: 1 Bloor West

John in Toronto Condos and Lofts and Toronto Real Estate News

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Trouble Selling Your Home? Unable to Find a Home to Buy? Double-Check the MLS Listing...

John in Home Buying

Real estate agents have a saying; a well-listed property is half-sold. The term ‘well-listed’ refers to the information the listing agent entered into the MLS...

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Toronto's October Real Estate Market up 15% Over Last Year

John in Toronto Real Estate News

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The Modern on Richmond Street

John in Toronto Condos and Lofts

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Real Estate Fines: Just a Cost of Doing Business for Some Realtors

John in Toronto Real Estate News, Home Buying

The victims of a phantom (or fake) multiple offer recently came forward to tell their story to Toronto Star reporter Gail Swainson....

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idea Condominium - new thinking just west of Toronto

John in Toronto Condos and Lofts

idea At a Glance

Neighbourhood: Long BranchTotal Suites: To be announcedExpected Occupancy: December 2009Developer: Queenscorp Residences...

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Real Insight: Making Sense of Real Estate Statistics

John in HomeBuying, Money, Toronto Real Estate News, Real Insight

Ed note.  Real Insight is a periodic feature decoding some of the many mysteries surrounding HomeBuying.

Some of...

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The Trump Tower is Breaking Ground in Toronto

John in Condos

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Cube Lofts in Toronto's Little Italy

John in Condos

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Toronto's September Real Estate Market up 4% over Last Year

John in Toronto Real Estate News

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Promenade on the Danforth Condo

John in Condos

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1820s Farmhouse For Sale in Etobicoke

John in Toronto Real Estate News

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Real Life: Is it the Right Time to Upgrade Your Home?

John in HomeBuying, Money, Lifestyle, Real Life

Ed note.  Real Life is a periodic feature detailing stories about the situations HomeBuyers encounter in the real world.

A reader...

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Condo Update - Corktown District - Final Phase Release Date

John in Condos

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Autumn Market Going Strong in Toronto

John in Toronto Real Estate News

Here are the latest housing stats, in the words of the Toronto Real Estate Board:

September 20, 2007 -- With 3,236 sales so far this month,...

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128 Day Avenue - Toronto's Smallest House is For Sale

John in Toronto Real Estate News

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Why Toronto Needs a Consumer-Focused Real Estate Website

John in Realosophy News, HomeBuying

The absence of consumer protection in the real estate industry was one of the main reasons our team started Realosophy. HomeBuyers are the most...

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Real Insight: Is the 40-Year Mortgage Bad News for Canadian HomeBuyers?

John in Money, HomeBuying, Real Insight, In the News

Ed note.  Real Insight is a periodic feature decoding some of the many mysteries surrounding HomeBuying.

Last weekend’s...

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Real Estate Sales In Toronto - August 2007 is 5th Consecutive Record-Setting Month

John in Toronto Real Estate News

Here are the latest housing stats, in the words of the Toronto Real Estate Board:

August 2007 became the fifth record-setting month in a row,...

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Extended Amortizations and Toronto's Real Estate Market: Real Opportunity or Bubble Booster?

John in HomeBuying, Toronto Real Estate News

Talk about real estate in Toronto usually centers on the city’s booming housing market. For the past seven years, we’ve been hearing...

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Why Every Real Estate Investor Needs a Good Lawyer

John in Toronto Real Estate News, Legal

An article in the Globe and Mail this weekend tells the story of a handful of investors who pre-purchased condominium suites at the now...

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Corktown District Phase 2

John in Condos

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US Subprime Mortgage Crisis: Here's to Being Boring, Canadian-Style

John in Toronto Real Estate News

I came across a New York Times article this weekend that outlines the lending practices of one of the US's largest mortgage lenders, Countrywide...

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The Nuts and Bolts of the US Subprime Mortgage Market

John in Toronto Real Estate News

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Rezen Condo

John in Condos

Rezen is a new condominium project currently under construction at the corner of Frederick and Adelaide, just west of Sherbourne. This condo is a short walk from...

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The US Real Estate Market Meltdown: is Toronto Next?

John in Toronto Real Estate News

The persistence of Toronto’s red hot real estate market has left many HomeBuyers wondering if things are ever going to slow down. The US real...

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Real Insight: Do You Need an Agent if You are Buying a Home Privately?

John in Real Insight, HomeBuying

Ed note.  Real Insight is a periodic feature decoding some of the many mysteries surrounding HomeBuying.

A couple I know was recently given the...

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Media Roundup - August 10th, 2007

In the News

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Toronto's Boutique Condo Update

John in Condos

Rumor has it that Boutique Condos will be adding an additional 16 floors on top of its Phase 2 condo at the corners of Nelson and Simcoe in Toronto's ...

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Toronto's July Real Estate Market Sets Record

John in Toronto Real Estate News

New stats reveal that Toronto’s red hot real estate market is showing no signs of slowing down. July’s 8,912 total sales is a 26 percent increase...

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Clear Spirit - New Condominium at The Distillery

John in Condos

Five short years ago, the only reason most people were driving by the corner of Cherry and Mill streets was to get to a Toronto landmark, the Canary Restaurant. As...

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Media Roundup - July 27th, 2007

In the News

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The Multiple Offer: the Real Estate Industry’s Achilles' Heel?

John in HomeBuying, Toronto Real Estate News

An article in the Toronto Star this weekend highlights one HomeBuyer’s experience competing in four bidding wars (multiple offers)....

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Deciding What You Want in a Home—as a Couple

John in HomeBuying

Many HomeBuyers have a difficult time deciding on the type of home and neighbourhood they want to live in. Couples often have an even harder time because both...

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Real Insight: The Long and Short of Interest Rates

John in Real Insight, Money, HomeBuying

Ed note.  Real Insight is a periodic feature decoding some of the many mysteries surrounding HomeBuying.

Earlier this month, I came across a...

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