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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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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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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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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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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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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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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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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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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 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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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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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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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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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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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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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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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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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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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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Federal Elections 2021: Assessing the Housing Policy-Palooza

We are finally outraged about high home and rent prices enough to have Canadian politicians pledging to do something about it - will any of the proposals actually work?

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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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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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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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