By: Chris Dawson & Elizabeth Machula

Home Prices Show Shocking Growth

Tags: Toronto Home Price Growth

I often hear concerns about a condo bubble in Toronto based on the amount of construction. Every year there is about 18,000 new condos completed in the GTA. That amount of new inventory added each year has been keeping prices from rising too much and preventing a pricing bubble.  At first glance, most people might think the blue line on the graph below is the condo prices, but it's not....Read More

By: Chris Dawson & Elizabeth Machula

The "21 Year High of Unsold Condos" Hogwash

Tags: Condo Market Report, Toronto Condo News

I find these eye catching headlines terribly misleading to the public although I understand the media’s need to grab your attention. I saw this headline picked up by Bnn.ca, Huff Po, GlobalNews and many others. Well they got a lot of attention, but unless you really understand what number they’re referring to, it can be easily misunderstood. One might easily interpret this headline to...Read More

Some New Construction Investors Losing Money

By: Chris Dawson

Some New Construction Investors Losing Money

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First a quick summary of January: - Median Condo Prices were a little lower than usual at $371,500. - Supply/Demand ratio slipped a little lower towards Buyers Market. We saw this issue coming... and now it's here. We've had many conversations with prospective Buyer's looking at new construction projects as if they're easy money when we felt they're more likel...Read More

2015 Condo Precictions

By: Chris Dawson

2015 Condo Precictions

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First a quick summary of 2014: - Median Condo Prices were up about 1.5% - Mortgage rates held steady with 1 year rates just under 3% - Supply/Demand ratio consistently hovering in the lower Balanced Market territory Predictions for 2015 This is where I'm going to go out on a limb and share more of my personal thoughts about the market and economy than I typically do. Keep in mind, just lik...Read More

Condo Prices Settling

By: Chris Dawson

Condo Prices Settling

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Prices have been flat for 2014. Usually August gives us a nice little spike as all of the students gobble up suites as they return to the city. What will you do when your child goes to University, pay $80,000 in rent over four years or have an investment working for you? The odds are far ahead that you'll be better off buying a condo for your child to live in. Even better would be a 2 bed...Read More

By: Chris Dawson

Toronto Condo Market Report June 2014

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Prices have been maintaining their steady rise, for about the last 3.5 years we've been seeing about 2% per year. The ratio of condos sold/available last month still indicates downward forces on prices. This downward force has been battling low interest rates which is a very strong upward force. The below graph shows the number of condos for sale each month downtown (district C01...Read More

By: Chris Dawson

Toronto Loft with Terrace

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I think we’ve all dreamed about living in a large, stylish loft at one time or another in our lives. Typical owners are single professionals or a couple, usually no children as these wide open spaces aren’t ideal for families. Owners usually range in age from late twenties to downsizing boomers. Ingredients for your personalized dream loft include: 1 converted warehouse with high ce...Read More

By: Chris Dawson

Best Condo Developers In Toronto

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If you agree that the most realistic way of measuring who the best condo developers are would be to survey customer satisfaction, then JD Power has already done the job for us. Their 2009 survey measured the customer satisfaction of eight factors. These were the home quality, suite and building readiness, sales staff, service and warranty staff, building and shared features, price and value, ph...Read More

By: Chris Dawson

Is New Construction Cheaper Than Resale

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No and not for the past 3-4 years. It used to be the case that you could buy on opening weekend from floorplans 3 years in advance at prices less than you’d see in the resale market. Today, with most new construction projects around $600-$650 per sq ft, it’s easy to find a comparable product for a lower price. The justification most often explained by new construction sales sites is th...Read More

By: Chris Dawson

The Hottest Amenity... Outdoor Pools

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In some older condos, pools were once located in dingey basements and were rarely used by residents. Today, pools have been repositioned outdoors on rooftops with sweeping views of downtown. Surrounded by cabanas and BBQ fire pits, outdoor pools have now become a key marketing feature for many condos. Residents take advantage of them in our short summers and they are often the center of interactio...Read More