What’s the Stress Test doing for the condo market? Here’s what you should know about the condo market right now.
Last year, I analyzed the value of 2-bedroom condos along each subway line so that you could see what trends emerged at each station when it came to price.
I pulled the data from the Toronto Real Estate Board statistics based on condos that were within a 0.3km radius (394 steps) from a subway station. Some stations didn’t have any condos built within the 0.3 km distance while some stations had less than 2 condo sales reported during the period of Jan. 1 to July 24th, making some of the sample sizes rather small.
In this year’s version, I have added in the data from condo sales in the back half of the year (July 25th – Dec. 31st, 2017). Now we have a better idea of not only the values at each subway station but whether the values increased or decreased towards the back half of the year.
Here’s a simple tip that you should know about buying a resale condo as opposed to buying pre-construction.
Here’s what happened in Toronto’s condo market in 2017, plain and simple.
Here’s how the housing market did in the past year.
The mortgage rate is going up again in January 2018, which means your affordability will decrease.
I share what the best month to buy a house/condo is on this new Morrison Report.
Last week, Canada’s Competition Bureau came out with a ruling against the Toronto Real Estate Board; TREB. It meant that TREB is supposed to allow its members to release sold data and other information about listings online. TREB is unhappy with this ruling and wants the right to appeal this decision yet again. Continue Reading
How much are you saving?
Year after year, I hear many people tell me that their plan is to save a little bit more in order to afford that bigger, better condo or house the following year. Continue Reading