Real Estate

Did we just hit the peak of the Toronto RE bubble?

  • Last Updated:
  • Oct 18th, 2017 12:54 am
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[OP]
Deal Addict
Dec 5, 2009
4532 posts
2378 upvotes
Feb numbers are out. New records.

LINK: http://trebhome.com/market_news/market_ ... mw1702.pdf

Detached avg:
Toronto overall: $1.573M
Toronto Central: $2.503M
Toronto West: $1.129M
Toronto East: $1.049M

York Region overall: $1.466M
Richmond Hill: $1.775M
Markham: $1.731M
King: $1.673M
Vaughan: $1.574M
Aurora: $1.336M
Stoufville: $1.334M
Newmarket: $1.203M
Others - see report.
Last edited by fdl on Mar 3rd, 2017 9:31 am, edited 1 time in total.
Deal Fanatic
User avatar
Mar 31, 2008
9402 posts
1178 upvotes
Toronto
canuck4 wrote:
Mar 3rd, 2017 7:59 am
Everyone quiet for sometime, or this forum is blocked?
It's quiet because clearly we're not at the peak and there are tons of other threads on housing.

Headline number for Feb 2017.
Price of homes sold in GTA last month up 27.7% from year ago
[OP]
Deal Addict
Dec 5, 2009
4532 posts
2378 upvotes
canuck4 wrote:
Mar 3rd, 2017 8:00 am
Any news about numbers for Feb?
Posted :) enjoy.
[OP]
Deal Addict
Dec 5, 2009
4532 posts
2378 upvotes
fdl wrote:
Mar 3rd, 2017 9:31 am
Feb numbers are out. New records.

LINK: http://trebhome.com/market_news/market_ ... mw1702.pdf

Detached avg:
Toronto overall: $1.573M
Toronto Central: $2.503M
Toronto West: $1.129M
Toronto East: $1.049M

York Region overall: $1.466M
Richmond Hill: $1.775M
Markham: $1.731M
King: $1.673M
Vaughan: $1.574M
Aurora: $1.336M
Stoufville: $1.334M
Newmarket: $1.203M
Others - see report.
Here are the biggest % gainers y over y from the list above only. This is in one year folks. Sustainable?

Stoufville: 58%
Newmarket: 48%
Richmond Hill: 41%
Vaughan: 39%
Markham: 39%
King: 38%
Toronto East: 34%
Toronto Central: 34%
Toronto West: 28%
Aurora: 21%
Deal Expert
User avatar
Apr 21, 2004
40103 posts
9413 upvotes
Crazy. No matter how fast the increase, it will top out one day when the typical household's borrowing capacity are maxed out and more equity will be required.
Deal Addict
Jul 28, 2009
1311 posts
219 upvotes
Wow, as a Real Estate bull these detached numbers even looking crazy to me now. Condos still seem reasonable. Folks should cash in on their detached homes and move into larger condos!!!
Temp. Banned
Feb 13, 2017
702 posts
814 upvotes
damnnnnnnnnn....this is crazy...

not a peep out of the doomers today. Just quietly hiding in their parents basement
Deal Addict
User avatar
Sep 8, 2007
4710 posts
2730 upvotes
Way Out of GTA
PunPryde wrote:
Mar 3rd, 2017 1:02 pm
Wow, as a Real Estate bull these detached numbers even looking crazy to me now. Condos still seem reasonable. Folks should cash in on their detached homes and move into larger condos!!!
In trading we call that a switch trade. If you look at the Vancouver data...it suggested that that exact trade has worked out well as condos/towns hit new highs and detached hasn't vs the high point last year... All the data and discussion suggests there is room to move up in the condo side of things.
Temp. Banned
Feb 13, 2017
702 posts
814 upvotes
cartfan123 wrote:
Mar 3rd, 2017 1:18 pm
In trading we call that a switch trade. If you look at the Vancouver data...it suggested that that exact trade has worked out well as condos/towns hit new highs and detached hasn't vs the high point last year... All the data and discussion suggests there is room to move up in the condo side of things.
Agreed. In the next 5-6 months, I can really see condos just exploding more than they already have.
Penalty Box
May 1, 2012
6458 posts
2799 upvotes
Markham
I still don't understand why anyone wants to live in Stouffville.
Newbie
Oct 27, 2016
12 posts
OMG!!!!! this is insane.... :)
any numbers available of Guelph area as that's where I invested last year?
fdl wrote:
Mar 3rd, 2017 9:31 am
Feb numbers are out. New records.

LINK: http://trebhome.com/market_news/market_ ... mw1702.pdf

Detached avg:
Toronto overall: $1.573M
Toronto Central: $2.503M
Toronto West: $1.129M
Toronto East: $1.049M

York Region overall: $1.466M
Richmond Hill: $1.775M
Markham: $1.731M
King: $1.673M
Vaughan: $1.574M
Aurora: $1.336M
Stoufville: $1.334M
Newmarket: $1.203M
Others - see report.
Newbie
Oct 27, 2016
12 posts
Which area would you suggest in the condo? new dev or resale?
cartfan123 wrote:
Mar 3rd, 2017 1:18 pm
In trading we call that a switch trade. If you look at the Vancouver data...it suggested that that exact trade has worked out well as condos/towns hit new highs and detached hasn't vs the high point last year... All the data and discussion suggests there is room to move up in the condo side of things.
Deal Addict
Jul 6, 2005
3070 posts
585 upvotes
Toronto
Anikiri wrote:
Mar 3rd, 2017 1:26 pm
I still don't understand why anyone wants to live in Stouffville.
LOL... how did I KNOW you were gonna make a comment about Stouffville.

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