Real Estate

February month-end numbers

  • Last Updated:
  • Mar 3rd, 2021 8:56 am
[OP]
Deal Addict
Mar 20, 2017
1366 posts
1156 upvotes

February month-end numbers

Anybody remembers how we had massive number of listings for condos?
Sorry, it's gone...The party is over...

15 replies
Deal Addict
Jul 30, 2015
3501 posts
2670 upvotes
Toronto, ON
Are we finally going to get to the magical $1,000,000 average for all homes in Toronto?
[OP]
Deal Addict
Mar 20, 2017
1366 posts
1156 upvotes
canoek wrote: Are we finally going to get to the magical $1,000,000 average for all homes in Toronto?
996k, next month for sure
Deal Addict
Jul 30, 2015
3501 posts
2670 upvotes
Toronto, ON
How close to a million did we get in 2017? I can see Toronto keep going up as some 905ers move back here and the lower end of condos gets a bump.
Deal Addict
User avatar
Nov 2, 2020
1438 posts
2071 upvotes
poo poo and snook said there will be a flood of listings. I am still waiting for the flood
Deal Guru
Feb 22, 2011
11503 posts
14751 upvotes
Toronto
I was a bit concerned about all the new inventory in Durham but seems this is completely normal for this time of year and it's actually still less than 20% of 2020 inventory.

Meanwhile sales up 54%.

Still lowest MOI in GTA at 0.58. Toronto still the worst at 1.03. Which is still crazy tight.
Member
Dec 13, 2014
487 posts
248 upvotes
Toronto, ON
canoek wrote: How close to a million did we get in 2017? I can see Toronto keep going up as some 905ers move back here and the lower end of condos gets a bump.
817K for all types
Deal Addict
Jul 30, 2015
3501 posts
2670 upvotes
Toronto, ON
atom2020 wrote: poo poo and snook said there will be a flood of listings. I am still waiting for the flood
Who was the forumer who swore he had access to internal bank documents and there will be a deferral cliff or bankruptcies around December / January. I am still waiting in March.
Deal Addict
Jul 30, 2015
3501 posts
2670 upvotes
Toronto, ON
Imagine being a bear and your worldview being destroyed in front of your eyes.
Deal Guru
Feb 22, 2011
11503 posts
14751 upvotes
Toronto
canoek wrote: Who was the forumer who swore he had access to internal bank documents and there will be a deferral cliff or bankruptcies around December / January. I am still waiting in March.
People were also saying deals would fall through because they wouldn't appraise.

I don't see any being reposted that fell through. The market has been hot for over 3 months now.
Deal Addict
Jul 30, 2015
3501 posts
2670 upvotes
Toronto, ON
sircheersa wrote: People were also saying deals would fall through because they wouldn't appraise.

I don't see any being reposted that fell through. The market has been hot for over 3 months now.
I think some people just cannot come to terms with the fact that some people in GTA have money.
Deal Guru
Feb 22, 2011
11503 posts
14751 upvotes
Toronto
canoek wrote: I think some people just cannot come to terms with the fact that some people in GTA have money.
It's kind of mind boggling how much money too.

Like imagine if you are a couple good income earners and make $160k.

You have $1 million to put down.

You can still only afford an average house Neutral Face.
Deal Guru
Feb 22, 2011
11503 posts
14751 upvotes
Toronto
The entire GTA is at 0.8 months of inventory across all home types. That is actually crazy.

I don't think I have ever seen all segments of the market being hot at once.

The hottest segments are the cheapest ones.

Houses under $1.25m are at 0.7 months of inventory and condos under $800k are at 0.9 months of inventory. More specifically condos between the prices of $500k-$700k, sitting at 0.6 Months of Inventory

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