GTA January End-Month data
Looks like condos stabilized and prices are not falling anymore. Still cheaper than a year ago.
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- Feb 11th, 2021 7:26 am
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- GalvToronto [OP]
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- mazerbeaner
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- Feb 22, 2011
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Durham up 34% YoY? 
Months of inventory 0.69, will keep pressure up.
But as always with this realtor this data is premature. A lot of sales haven't even updated yet which is why it's better to wait for the full report.
I think $1.581 for Toronto detached would be a new all time high? Last peak was April 2017 at $1,578,542.
Months of inventory 0.69, will keep pressure up.
But as always with this realtor this data is premature. A lot of sales haven't even updated yet which is why it's better to wait for the full report.
I think $1.581 for Toronto detached would be a new all time high? Last peak was April 2017 at $1,578,542.
- GalvToronto [OP]
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it is full data with minimal divergence to TRREB Market Watch.mazerbeaner wrote: ↑ Durham up 34% YoY?
Months of inventory 0.69, will keep pressure up.
But as always with this realtor this data is premature. A lot of sales haven't even updated yet which is why it's better to wait for the full report.
I think $1.581 for Toronto detached would be a new all time high? Last peak was April 2017 at $1,578,542.
Listings that are updated after Feb 1st to firm sale state usually go into Feb reports, not January.
- joepipe
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someone should tell this guy to smile in his pics and not look like he's about to rip a fart....
otherwise his charts are good....
otherwise his charts are good....
- mazerbeaner
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- Feb 22, 2011
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Really? Then why does it take TREB so long to make such a simple report?GalvToronto wrote: ↑ it is full data with minimal divergence to TRREB Market Watch.
Listings that are updated after Feb 1st to firm sale state usually go into Feb reports, not January.
- GalvToronto [OP]
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You're living in Canada (c)mazerbeaner wrote: ↑ Really? Then why does it take TREB so long to make such a simple report?
It takes 6 months to give you a visa, 10 weeks to print a marriage certificate for you
- light2
- Member
- Sep 25, 2009
- 350 posts
- 223 upvotes
Supply & Demand + record low interest rates, very simple.
Spring is gonna be wild for burb detaches.
Spring is gonna be wild for burb detaches.
- lolbeast
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- MotoCross817
- Sr. Member
- Jul 7, 2019
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C01 and C08 still getting killed.
Was hoping to see some green MoM.
Was hoping to see some green MoM.
- mazerbeaner
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Spring will be very interesting. And I don't think governments intervene like they did in 2017 for two reasons.
Rent and condos are down so there is no affordability crisis at the bottom of the market.
They need tax revenue, badly.
- light2
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- Sep 25, 2009
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Anytime the government has intervened there were negative side effects. When 2017 policies happened with the stress test, it catapulted entry level homes (condos, towns). This built up huge pent up demand for detach market, which is now in full swing.mazerbeaner wrote: ↑ Spring will be very interesting. And I don't think governments intervene like they did in 2017 for two reasons.
Rent and condos are down so there is no affordability crisis at the bottom of the market.
They need tax revenue, badly.
For real-estate policies, government is better off regulating/transparency of Realtors than to implement pricing policies. Just my 2Cents.
- joepipe
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there was a good real estate show on 1010 am last night.....lots of talk about how bad the double LTT is in toronto and agents hate it....mazerbeaner wrote: ↑ Spring will be very interesting. And I don't think governments intervene like they did in 2017 for two reasons.
Rent and condos are down so there is no affordability crisis at the bottom of the market.
They need tax revenue, badly.
it is killing inventory and transactions, people are not moving when it costs them $100k just to sell and buy a house.....
might as well put on another story and spend it on your house ......
- GalvToronto [OP]
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Also it is hard to deny the policies of 2017 provided an additional safety buffer to the market downside risks. In other words, some price gains were transformed into eliminating downside risks.light2 wrote: ↑ Anytime the government has intervened there were negative side effects. When 2017 policies happened with the stress test, it catapulted entry level homes (condos, towns). This built up huge pent up demand for detach market, which is now in full swing.
For real-estate policies, government is better off regulating/transparency of Realtors than to implement pricing policies. Just my 2Cents.
Today we have a new wave of price gains and virtually no downside risks because they were eliminated back then.
- mazerbeaner
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Yes exactly it's insane. The cost to move is such a massive deterrent.joepipe wrote: ↑ there was a good real estate show on 1010 am last night.....lots of talk about how bad the double LTT is in toronto and agents hate it....
it is killing inventory and transactions, people are not moving when it costs them $100k just to sell and buy a house.....
might as well put on another story and spend it on your house ......
- mazerbeaner
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- Feb 22, 2011
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Yes people who were very happy about the 2017 dip completely ignored this fact. It added a lot of security to the market going forward.GalvToronto wrote: ↑ Also it is hard to deny the policies of 2017 provided an additional safety buffer to the market downside risks. In other words, some price gains were transformed into eliminating downside risks.
Today we have a new wave of price gains and virtually no downside risks because they were eliminated back then.
- GalvToronto [OP]
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- Mar 20, 2017
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January 8th and still no official TREB Market Watch data 
- mazerbeaner
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They're really milking the attention for this big report to drop.
- elty
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Durham Inventory increased by 94% month over month. This means the market will be flooded by units soon and a crash is imminent. /s
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- elty
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- Dec 11, 2003
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The government can always eliminate/reduce/restrict the capital gain exemption so real estate will no longer be a tax free investment that can be easily leveraged.GalvToronto wrote: ↑ Also it is hard to deny the policies of 2017 provided an additional safety buffer to the market downside risks. In other words, some price gains were transformed into eliminating downside risks.
Today we have a new wave of price gains and virtually no downside risks because they were eliminated back then.
Will they?
October 2015 for sale, PM for details!
PS3 EA Sports Active 2 $20
195-65-15 Winter tire with alloy wheel $500
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195-65-15 Winter tire with alloy wheel $500
- Sanyo
- Deal Guru
- Feb 9, 2009
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wtf is inventory really up 94% or pulling our leg? I've noticed inventory has definitely moved up swiftly in pockets i pay attention to. 94% seems steep tho lol