By the real estate industry’s definition, a buyers market is typically when there are five to six months of inventory available on the market. Some industry professionals say that even three months can be defined as a buyers market. Months of inventory means how long it would take (in months) for all of the homes […]
How to Navigate a Real Estate Market Transition
Real estate is cyclical. It is said. It is proven. And what we’re about to see is a real estate market transition. Not only because of the seasonality of annual real estate activity. You’ll see if you’ve been observing the Toronto real estate statistics I update every month. But also because of supply, demand, and outside factors. […]
Surprise! Here’s Ontario’s Fair Housing Plan…
Okay… so Ontario’s Fair Housing Plan isn’t really a surprise. It’s the kind of gift you’ve long anticipated. You open the box. And awe turns to blah. Just like when it was your birthday and you didn’t get the birthday present you really wanted. Do we really need to go over all 16 points of […]
The Toronto real estate market is like a half eaten apple pie
Do you love apple pies as much as I do? If you do, you’ll understand why the Toronto real estate market is like a half eaten apple pie. Looks delicious, doesn’t it? Sure, I’m trying to be funny. But this half eaten apple pie is a fitting metaphor for the Toronto real estate market. Last month, February […]
Winter is the New Spring
Okay, so the title might sound cliche. But in my humble opinion, it’s an accurate description of what’s going on right now in the Toronto real estate market. Last month I sold a semi-detached in Guildwood for $645,000. Doesn’t sound like a big deal, right? Well, eight months before that, a similar semi sold for […]