Market Trends
Mike’s Monthly Memo – July 2022
There’s been a lot of conversation about declining year-over-year sales or rising months of inventory. In June, sales were down 41.4% from last year, with inventory up to 2.5 months from 1.02 in 2021. In May, sales were down 38.8% from 2...
Mike’s Monthly Memo – June 2022
TRREB published its monthly report this morning and we’re now seeing a clear shift in housing activity. With rising interest rates, inflation, and supply, the market has spoken and the market is changing before our eyes. I was on a pan...
Mike’s Monthly Memo – May 2022
The Toronto Regional Real Estate Board published its monthly Market Watch this morning. I’ve been eager to read this edition because I monitor housing supply trends, specifically months of supply, and was interested to see how the market ...
Mike’s Monthly Memo – April 2022
I speak regularly with real estate professionals from within our company and across the country. Certainly, we are seeing that GTA is very ‘hyper local.’ A listing in one pocket may yield dozens of showings and multiple offers, while ot...
Mike’s Monthly Memo – January 2022
With the start of a new year, I think it’s important to consider where we are in the market. The supply side challenges facing the region today are well beyond anecdotal; it’s come to a point where they are adversely affecting the abili...
Mike’s Monthly Memo – December 2021
The housing stats for the GTA were released this morning, and I wanted to flag a couple items that really stood out to me. The first area is the supply of housing. We discuss supply challenges all the time, but this month’s statistics...
Mike’s Monthly Memo – July 2021
We’ve spoken in the past about strategy, but I’d like to revisit the topic because I’m frequently asked about it. Specifically, as the pace of sales begins to taper off, people want to know if the trend of listing a home below value, ...
International Luxury Buyers
Trends & Market Demand By Luxury Portfolio International In anticipation of a great year for both luxury real estate and our collective personal wellbeing, we would like to share some of our latest research. The past 12 months hav...