By: Chris Dawson & Elizabeth Machula

Good Time To Move Up

Tags: Toronto Condo Prices, Toronto Condo Market Report, Toronto Condo Statistics

Lots of charts to get through this month... The number of condos on the market decreased from 763 to 699. A typical July, over the past 6 years, has averaged 1258 condos for sale so the inventory is far lower than normal. The number of sales decreased from 461 to 399. This number is now about what we typically see for June. The summer really slows down and then picks up again for t...Read More

By: Chris Dawson & Elizabeth Machula

Condo To House - Price Gap Shrinks

Tags: Toronto Condo Prices, Toronto Condo Market Report, Toronto Condo Statistics

2017 is one of the most unpredictable markets we've ever had. First the numbers... The number of condos on the market continued to increase, from 737 to 763. This small increase still results in lower inventory levels than expected. The number of sales decreased from 571 to 461. This number is now about what we typically see for June. So a rise in inventory and drop in ...Read More

By: Chris Dawson & Elizabeth Machula

Market Takes A Breath

Tags: Toronto Condo Prices, Toronto Condo Market Report, Toronto Condo Statistics

First the numbers... The number of condos on the market increased from 581 to 737. Over the last 5 years, May averaged 1375 condos on the market so the inventory is still about half. The number of sales decreased from 599 to 571. Over the last 5 years, May averaged 431 condo sales so the number of sales is still relatively far higher than normal. So a rise in inventory and drop in sales h...Read More

By: Chris Dawson & Elizabeth Machula

Will Condos Beat Houses in 2017?

Tags: Toronto Condo Prices, Toronto Condo Market Report, Toronto Condo Statistics

  Most people know that detached homes in Toronto have been a better investment than condos looking at the past 12 years or longer. Could 2017 upset this long term trend? First here is a long view of the their performance. Since 2005, detached homes are up 3.8x whereas condos are up 2.3x. This year may be different though. Condo prices have really started to move this year despi...Read More

By: Chris Dawson & Elizabeth Machula

Prices Explode

Tags: Toronto Condo Prices, Toronto Condo Market Report, Toronto Condo Statistics

The Supply / Demand ratio increased so much that it screwed up my nice graph. I had to push all the historical data and labels down just to make space for the spike we had last month. It's not so easy to understand what's going on in the market based on this graph. Let's also include more detail about both the supply and demand. On the demand side, we still have signifi...Read More

By: Chris Dawson & Elizabeth Machula

Condo Prices Doubles Since 2005

Tags: Toronto Condo Prices, Toronto Condo Market Report, Toronto Condo Statistics

The median price of a downtown condo returned to it's December peak of $485,000. More interesting this month is the average time a condo takes to sell. The average time over the past 12 years is 30 days on the market. Currently it's 17 days, which is the second shortest time we've seen in the past 12 years. Our personal experience is that we...Read More

By: Chris Dawson & Elizabeth Machula

Spring Market Already Sprung

Tags: Toronto Condo Prices, Toronto Condo Market Report, Toronto Condo Statistics

It's very rare to see prices continue to climb into December like they did in 2016. Typically, prices peak during September/October and relax a little in December. It was caused by a shortage of condos available for sale. So what's happened is the opposite most expected about the construction boom of new condos going up in Toronto. Most people thought they were building too ...Read More

By: Chris Dawson & Elizabeth Machula

The Incredible Year of 2016

Tags: Toronto Condo Prices, Toronto Condo Market Report, Toronto Condo Statistics

We never expected to see such a significant price increase like this. What caused it? What changed in 2016 from 2015 to have the condo market increase so much? The median price of a condo in December was a record setting $485,000. Compared to the December 2015 price of $400,000, it's a  year over year increase of 21%. Let's dig deeper into what may be behind thi...Read More

By: Chris Dawson & Elizabeth Machula

Breaking Records

Tags: Toronto Condo Prices, Toronto Condo Market Report, Toronto Condo Statistics

The Supply Demand ratio has broken out to record levels, we've never seen this before. There are too few condos available for sale and lots of Buyers trying to secure a unit. This has pushed the market further into Seller's territory than we've ever seen. Most Novembers will have about 1000 suites for sale. This November we had only 496 available for sale, so the inventory...Read More

Imbalanced Condo Market

By: Chris Dawson & Elizabeth Machula

Imbalanced Condo Market

Tags: Toronto Condo Prices, Toronto Condo Market Report, Toronto Condo Statistics

  Imbalanced Market The imbalanced market that began in June is as skewed as ever. Let's look at what's happening right now. Typically in October, about 350 condos sell. This October 500 condos sold. Most Octobers will have about 1200 suites for sale. This October we have 651 available for sale. So we have strong demand and low supply. When we divide the above two statist...Read More