by Daniel Foch | Feb 15, 2024 | Boards & Associations, Columnists
Is Canadian real estate in recovery mode yet? Only time will tell, but this year is off to a decent start for those hoping that is the case. Based on dollar volume (total value of all real estate sold), we just saw the third-strongest January on record. But, it’s...
by Daniel Foch | Feb 7, 2024 | Boards & Associations, Columnists
Last month, the Toronto real estate market apparently decided to give the illusion of a comeback, with sales seeing an uptick compared to the ghost town vibe of January 2023. I expect this theme to continue for much of 2024. Given that 2023 was a record-low year,...
by Daniel Foch | Jan 17, 2024 | Boards & Associations, Columnists
The recent history of Canadian real estate has been full of surprises. In 2022, we saw the biggest price drop in Canadian history. In 2023, we followed that up with the strongest spring market in Canadian history when measured by price growth from January to May. We...
by Daniel Foch | Jan 5, 2024 | Boards & Associations, Columnists
Since the peak in 2022, Toronto’s real estate market has been in a funk. Over that period of time, we’ve seen a few key themes emerge: A decrease in price, which later stabilized into a sideways market with typical seasonal patterns A decrease in sales, which has...
by Daniel Foch | Dec 18, 2023 | Boards & Associations, Columnists
The Canadian real estate market is in a recession — a place it’s been for well over a year now. This means that the amount of earnings available within the industry has been in contraction, regardless of what’s happening elsewhere in the economy. As acknowledged by...
