Last week I started increasing my real estate market reporting to include weekly updates. Reverse engineering: My secondary objective for this increased coverage is to learn what a recovery scenario might look like, and to be able to understand the shape it will take. Until that happens, I'll likely continue this practice. My primary objective for this increased coverage is to monitor the important indicators that we can use in an attempt to determine whether nor not we... [read more]

Aurora, Ontario Infographic - The average size of a home  in Aurora, Ontario has  3 bedroom and  3 washrooms $916,959 is the average list price of a home in Aurora, Ontario .There are currently  238  homes for sale  in Aurora, Ontario .only 55 homes sold  meaning that there is only  4.3 months of  real estate inventory available  in Aurora, Ontario .Aurora, Ontario %  to LIST/SALE RATIO was  97% Aurora, Ontario highest sale price... [read more]

East Gwillimbury, Ontario   market infographic . The average size  of a home in  East Gwillimbury, Ontario is  3 bedroom and 3washrooms $829,602 is the  average list price of a home  in  East Gwillimbury, Ontario while the avergae sale price  is  $807,896 .There are 238 homes for sale in East Gwillimbury, Ontario while only  36   sold in  that area meaning that there  are   6.6   MONTHS OF INVENTORY of real estate... [read more]

Crossposted at heavyweightandrealestate.wordpress.com The real estate market in the Greater Toronto Area is, for lack of a better word, weird. As a result of this new reality we're living in, it's really tough to find reliable data to formulate any kind of empirically verifiable investment thesis. This has caused me, and a handful of others I work with, to resort to really simple data sources to create some qualitative metrics about how we evaluate property. One of the ways I... [read more]

Toronto’s housing market churned out another record-breaking month in July. Almost 10,000 homes changed hands in the Greater Toronto Area, the highest recorded number for the month of July, the Toronto Real Estate Board reported. Average resale prices jumped 16.6 per cent to $709,825, with the cost of detached homes soaring 21 per cent from the same period last year, to $952,983. The market also continued to experience what the board called “a troubling trend in the... [read more]