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Braden’s Blog

TORONTO REAL ESTATE MARKET REPORT SEPTEMBER 2018

  The new normal in the Toronto residential real estate market has arrived.  It has been finding its way for several months now, guided by the implementation of mortgage stress testing, the foreign buyer tax, and a number of mortgage interest rate hikes.  It is now crystal clear, that the frenzied market of 2016 and […]

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TORONTO REAL ESTATE MARKET REPORT AUGUST 2018

    Market data for August came in as expected. Both the average sale price and the number of residential properties reported sold increased compared to August 2017. The average sale price for all properties sold came in at $765,270, or almost 5 percent higher than last year’s average sale price of $730,969. The number […]

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TORONTO REAL ESTATE MARKET REPORT JULY 2018

There were no surprises as to the market’s performance in July. There has been a consistent improvement both as to sales volumes and average sale prices since January.  July saw the most dramatic year-over-year improvement. As compared to last year, sales volumes in the greater Toronto area increased by 18.4 percent, and the average sale […]

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TORONTO REAL ESTATE MARKET REPORT JUNE 2018

Nasty year over year comparisons came to an end in June. For the first time in more than a year we saw positive variances in the number of sales and average sale prices. It was unrealistic to compare the first few months of 2017 to any period. Those months represented the most frenetic period in […]

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TORONTO REAL ESTATE MARKET REPORT MAY 2018

  There were no surprises in the May resale figures for the Toronto and area residential market. The three themes that emerge are that the city of Toronto resale market continues to strengthen (416 region); the 905 region continues as a drag on the overall market; and the high-end of the resale market ($2 Million […]

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TORONTO REAL ESTATE MARKET REPORT APRIL 2018

The Toronto and area residential resale market continued its recovery in April. For the fourth consecutive month the market has shown improvement in both the growth of average sale prices and the number of properties reported sold. In April 7,792 residential properties were reported sold, and the average sale price for all properties reported sold […]

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TORONTO REAL ESTATE MARKET REPORT MARCH 2018

  In March the Toronto residential real estate market clearly demonstrated its resilience. Notwithstanding the provincial government’s attempt to engineer the market, it continues to respond to forces that have nothing to do with the Ontario Fair Housing Plan. That’s due primarily to the fact that the underlying basis for the province’s measures, namely foreign […]

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TORONTO REAL ESTATE MARKET REPORT FEBRUARY 2018

There were no surprises in February’s residential resale data. Last year in February the market was verging on delirium. With record low mortgage interest rates, a severe supply problem, and a collective psychological belief that if you didn’t buy immediately you would be shut out of the market permanently. Under these conditions it was not […]

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TORONTO REAL ESTATE MARKET REPORT JANUARY 2018

The residential resale market in the first month of 2018 is, in a phrase, a tale of two markets. Actually, that is not entirely true. It is a tale of many markets, a fractured landscape that varies by housing type, and, importantly, by location. The overall data for the greater Toronto area indicates that compared […]

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TORONTO REAL ESTATE MARKET REPORT DECEMBER 2017

We move into 2018 saddled by a number of market factors that make predictions more difficult than they already are for any year in real estate. 2017 was, without doubt, one of the most remarkable years in the history of the Toronto residential real estate market. The year began in the most frenzied fashion possible. […]

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