TORONTOSTOREYS, the anon group of hidden scribblers & editors who opine at will and without responsibility have interviewed one of their favourite content-contributors and IMHO have come up with a winner of a blog-post. New Report Suggests the Toronto Real Estate Market is Entering a ‘Slump Phase’ I like the 3-Types of Investor charts and…
From REM Magazine Commercial tenants and landlords and COVID-19 By Natalka Falcomer EVP of corporate development at Chestnut Park Real Estate (Peerage)
https://www.remonline.com/how-the-pandemic-will-reshape-the-rental-market/ 1) More landlords and renters will embrace online virtual leasing, 3-D and virtual tours. 2) Some short-term rentals in urban areas will convert to long-term rentals. 3) Cleaning will take on a whole new meaning in apartment buildings. 4) More claims will flood tenant/landlord boards. 5) People will not move as much in the…
Here’s the Graph Text and Chart Exhibits 3 & 4 on Pages 4 & 5 from the 11 page Report showing 2 Scenarios: ADVERSE and MEDIUM of Rates of Mortgage Arrears -both fleetingly inverted V’s We presume the “Best Case” Scenario showed that the temporary blip from the 0.2% CDN Arrears Rate to something LESS…
As I’ve tried to say before … If (most of the time) most GTA buyers and sellers go to sleep at 11 pm and awake at 6:30 am… do we expect much to be reported at 3 am? If not, then why do we expect anything more than 1/3 of the normal activity during a…
For a year or three, I’ve been breaking down TrREB’s reporting into 416 and ‘everything- else’ called 905 …. because that’s how the New Release broke it down BUT TrReb actually reports Halton, Peel, York & Durham Regions, one bit of Dufferin County (Orangeville) plus 3 Towns and 2 Townships in Simcoe County (the Towns…
Breaking Down (from almost-Peak) to 2019 Prices Tricky to see – but observe that last time Prices broke THROUGH prior yr was 2008 (GFC we’re not – but those 2008 prices were: ~$398 falling to ~$360 — about 10% due to no one buying) Surprising – shows 2017 and earlier 2020 to be Feb, March…
Flattening The Curve here too NB on this graph, 2020 is April’s MONTHLY Ave Price of $821, 992 NNB –What doesn’t show on this graph — February 2020 was $910K, March was $903K which were/are almost at Peak 2017 levels ($916K). NNBB – 2020 Year To Date is $882K up 7.6% from the 2019 Average…
AT NO OTHER TIME IN TrREB HISTORY has almost the whole of Society been shutdown/ LockedDown/ Afraid to go outside/ Afraid to be within 2 metres of another/ Afraid to touch anything or anyone — so NOTHING is comparable to now Mr Edward G Robinson of ExP Realty (yes he’s my Realtor-pal from 30 yrs…
If you examine the last page (27 of 27) of each month’s TRREB Market Watch you’ll find a monthly summary for the current year and the previous year and then annual Price and Unit summaries for 11 more years March 2020 Monthly Price was $902,680 – Everyone knows this is a partial-phased-in number from a…
unclebobexplains 