Comments on: Toronto Condos See Price Gains, More Sales In April

By: dana

dana — Tue, 16 May 2017 22:23:04 +0000

Why don’t I ever see price increase month over month… of course year over year is hovering 30% cos last month we have 28% year over year LOL… if you want to compare how prices are doing since the implementation of the 16 point fair housing plan, you need to remember that April 20, 2017 is the date and not 2016 April or May!! Secondly, this is only a bill for now and the full effect can be measure only once this is becomes a law. Also, the real estate reporting is a lagging indicator… Once Home Trust will go under Chapter 11 and the subprime will go into red, we will still need few months or so to see the real effect…

By: Greg

Greg — Tue, 16 May 2017 12:45:32 +0000

Condo prices were pretty stagnate, in many buildings (and areas) from 2011 to 2015… played some aggressive catch up. But prices are pausing now… similar thing happened in other cities when prices jump 30% in a year.

The market needs 18-24 months of sideways action…. developers are bringing on loads of inventory at prices they never expected to get a year ago.

By: Jenny Lipose

Jenny Lipose — Tue, 16 May 2017 12:39:50 +0000

Actually, I am planning to renting an apartment for my friend. After reading this, I am in little trouble that Is it the right time for renting? or skip this idea for sometime.

By: Toronto too Expensive

Toronto too Expensive — Mon, 15 May 2017 19:56:16 +0000

“TREB saw the average price climb to $541,393, a 32.1% increase from the same time last year. Breaking that down, the 905 region saw prices climb to $449,792, a 31% increase. The city of Toronto proper saw prices climb the highest, with the average sale closing at $578,280 – a 32.3% increase from last year. This is a significantly higher increase than observed across the broader market.”

Yet salaries in Toronto are barely increasing at 0.5%, even if at all. The price of groceries are increasing, everything is increasing except salaries, unless of course, you are a Champagne Liberal working in a comfy career with a lavish pension after age 45.

Toronto is a city of have and have nots!