Industry News
Mike’s Monthly Memo – October 2021
The Toronto Regional Real Estate Board (TRREB) released its data this morning. Certainly, there are a number of things that warrant discussion: the dwindling supply, the short sales cycles and the rising prices. But one thing to remember if...
Mike’s Monthly Memo – May 2021
I’d like to talk about a hot topic right now… pricing strategies for your home. There are many factors that will guide this decision: economic reasons, pandemic issues, privacy, and risk tolerance, just to name a few. Your sales rep...
From the desk of Michael Kalles – November 2020
The latest housing data came in this morning and you may have noticed that condo transactions were actually down 8.5% year-over-year in the City of Toronto. Inventory in the condo market is up over 3 1/2 months, and sales are down, specific...
Real Estate Market Commentary – November 2020
For the fourth consecutive month, home sales in the GTA reached record levels. With the Toronto Regional Real Estate Board reporting 10,563 sales through the MLS, it was the busiest October in history, and represents a 25.1% increase over O...
NEW LISTINGS DOWN 18% IN NOVEMBER
Ontario Place Hosts the Aurora Winter Festival The Toronto Real Estate Board (TREB) released its sales data for November, and it’s clear that sales maintained a solid pace in the face of a constrained supply of active listings. The 7,0...
The Good News About Canadian Household Debt
The outlook for Canadian household debt, a large share of which is tied to mortgages, is looking brighter, a report from one of Canada's biggest banks suggests. In a Focus On Canada's Household Debt report published June 21, RBC Economic...
This is how much Canadian residential properties are worth
As the battle between the Toronto Real Estate Board and Competition Bureau over access to local home sales data continues, Canada’s national statistics agency has given a different glimpse into land values—though it won’t tell you ho...
Renovations driving Canadian residential-construction investment
It appears trades had a busy final few months of 2017 as residential-construction investment across Canada recently soared. It was largely on the shoulders of increased renovation spending, Statistics Canada suggests. Investment in resid...