Is York Region attracting detached-home buyers amid the COVID-19 pandemic? While Toronto condo sales have fallen to lowest level since Great Recession, York Region looking lucrative NEWS Aug 03, 2020 by Dina Al-Shibeeb  Vaughan Citize Daniel's Excerpt Below: With experts in the real estate industry continuing to speculate on how COVID-19 will affect the market in the long run, indicators so far show a win for York Region suburbs’ detached... [read more]

The volume metrics I was optimistic about have regressed pretty substantially. Even more surprising is that price seems to show some surprising resilience against the volume challenges in the market right now. I think this is a good thing, but I'm reluctant to give it too much credit right now as it seems to be evolving as a selection bias. Selection Bias in York Region House Price Growth The easiest way to visualize this is by evaluating the price rebound we've seen is to try to... [read more]

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Best case scenario forecast shows Canada's aggregate home price could grow a modest 1% by the end of 2020 If the pandemic continues to heavily restrict business activity through late summer, a national home price decrease of 3% is expected by the end of 2020 The aggregate price of a home in Canada climbed 4.4 per cent year-over-year in Q1 2020 High demand and low inventory in Toronto, Montreal and Ottawa fueled rising home... [read more]

I've been pretty inspired lately by some folks on twitter who I admire for their scientific approach to real estate. Almost all of them have started looking at data for their markets on a weekly basis, rather than a monthly basis. The objective of this is to figure out what's happening to the real estate market more accurately, so we can be anticipatory, rather than reactionary in our behavior towards the market. I've decided to follow suit and start reporting weekly data on... [read more]