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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Is Toronto in a Housing Bubble That's About to Burst?
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.
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?
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?
It's always felt hard to be a renter in Toronto - but a dig into the numbers shows the problem has gotten much worse.
Latest numbers continue to show a stalemate - for now.
The path forward is far from certain - I take a close look at the data to see what might happen next.
September market numbers are out - and I review how they stack up against on the ground realities now.
With demand for real estate falling off dramatically, why aren't we seeing the build-up of homes on the market we'd expect?
August market numbers are out - and I review how they stack up against on the ground realities now.
The number of homes listed under the critical $1 million mark increases as the Toronto area real estate market continues to slow down.
Areas that rose the highest during the Covid-boom are falling the most.
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.
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.
Since February 2022, condo sales and prices are declining far more rapidly in the suburbs than in the City of Toronto.
Early signs of a slowdown on-the-ground now strongly showing in the latest market numbers.
The slowdown we were first seeing on the ground over the past two months is now showing in the numbers.
Condo buyers were pulled eastward in the search for affordability.
Suburban area homes are hot in the search for affordability.
Real buyer demand has explained home prices rises recently, but is a familiar old factor now the story?
A deep data dive takes us past some familiar complaints to find the real reasons our supply of homes can't meet demand.
A look back on how housing affordability became one of the hottest issues in today's Canada.
Following the pandemic-induced slowdown, the number of leased condo units has returned to a historically high level.
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.
This month we explore low inventory levels and demand shock in Toronto's housing market.
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.
This month we do a data dive on the City of Toronto’s volatile condo market over the past year.
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.
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.
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...
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.
In this month's Move Smartly report, we look back at 2020 and how COVID-19 impacted the Toronto real estate market.
Our lead story in this month's Move Smartly Report unpacks conflicting reports about the condo market.
This month, The Move Smartly Report digs into where Toronto's surge in condo rental supply is coming from.
Once again, is the real problem supply or demand?
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.
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.
Canada's top mortgage body just shared some pretty bleak expectations - should we take heed?
Why the widely reported drop in condo prices in last week's news was misleading.
The market is now more competitive than it was four weeks ago.
The Greater Toronto Area saw a record low 2,942 home sales in April 2020.
The average rent for a condo across the Toronto area is down, while units for rent climb.
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.
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.
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.
Some markets in the Greater Toronto Area are showing signs of the type of slowdown that requires buyers and sellers to act carefully.
Toronto real estate market sales have dropped sharply in the third week of Ontario's state of emergency due to Coronavirus pandemic.
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.
Research over 500+ Toronto Area neighbourhoods to see which fit your lifestyle needs - and offer the best return on your financial investment.
Find out how local real markets are doing in over 500 Toronto area neighbourhoods - based on real time house price data.
Condos in the Greater Toronto Area are fetching prices 15% higher than last year - but this time, it's not because of higher demand.
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...
One data trend emerges starkly amongst a litany of theories.
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.
Why momentum is swinging back to the regions - and types of homes - that were hit hardest in last few years.
An investigation into the claim that thousands of Toronto investor-owned condos are sitting empty.
All Toronto area regions saw sales grow by double digits - except for Halton.
Use the latest in data technology to avoid being surprised by these common but ‘invisible’ house problems.
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...
Toronto area condo prices are now out of reach for many buyers, pushing sales down - so what's keeping prices up?
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?
The good, the bad and the ugly details that might impact Toronto’s housing market in the year ahead.
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...
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.
Housing markets are notoriously difficult to predict - but data can help home buyers and sellers answer some critical questions.
Will the Toronto real estate market return to previously seen highs - or has a major new road block appeared?
When will innovative Toronto-area brokerages like Realosophy finally be able to share home sold prices with consumers online?
Why are so many homes sitting empty and why has the number increased over last year?
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.
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?
One of the questions I get often from buyers is how house prices can remain stable while sales are declining and inventory is increasing?
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?
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.
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...
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...
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...
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...
Toronto’s subway story just got exciting-scary.
Nicole Harrington in Real Insight
For about a year now we have been seeing articles touting the ability of Starbucks, and other consumer facing retailers, to dramatically increase...
The semiannual Globe and Mail Home Value Survey powered by Realosophy is out today! Go to the interactive map to see how your neighbourhood has performed.
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...
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...
John in Toronto Real Estate News
Resale home sales in the Greater Toronto Area are down 5% in the first half of April compared to the same period last year. This is an increase...
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...
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...
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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