By: Lloyd & Devi Sewrattan

What's Happening in Toronto's Condominium Market

Tags: What's Happening in Toronto's Condominium Market

  There is much discussion of a Toronto condo “bubble bursting,” but as noted by a Royal Bank of Canada report prepared by economist Robert Hogue released in July 2012, “The historic condominium apartment boom in the Toronto-area market is not necessarily a sign of excess or of a bubble.” Instead, we can expect the market to gradually cool over time due to a number o...Read More

By: Lloyd & Devi Sewrattan

Real Estate Market Update - January 2014

Tags: Real Estate Market Update - January 2014

2013 Real Estate in Review     With  December’s  4,078 residential transactions , (up by almost 14 per cent compared to 3,582 sales in December 2012) the 2013 total sales ended the year at 87,111, up about 2% over  2012’s  85,496. New listings were down by almost 4% over the same period. Due to negative speculation about real estate values in the media...Read More

By: Lloyd & Devi Sewrattan

Real Estate Market Update - February 2014

Tags: Real Estate Market Update - February 2014

The winter of 2013/2014 may be one of the fiercest winters Torontonians have faced, but it did not deter the serious buyers as they braved the harsh conditions to purchase 4,135 homes, slightly down from last year’s 4229 sales. What the snow did affect was the number of homes that were listed for sale, 11,903 vs last year’s 14,231 or 16% less. This lack of inventory created multiple...Read More