Friday the 13th is generally believed to be a bad luck day. But with a boiling Toronto real estate market, low interest rates and tight new inventory, today is a good news day for sellers who have been holding out, waiting for their ship to come in. It’s kind of like going to the grocery store for batteries the day before the big hurricane only to find the shelves are bare while the kid outside is selling them for twice the price........

Ah January. The month of new beginnings, salt stained trousers and increased listings. What we can tell you right now is that 2015 is starting off with a bang as listings continue to grow…and not a minute too soon. One just has to look at the number of multiple offers to know that demand remains high. Our office coffee consumption is also ramping up, so we know we are in for another busy Spring Market.....

Happy New Year and welcome to the first market insight of 2015. Every week our researchers pour through the listing and sold data posted on the Toronto Real Estate Board and separate out all the downtown statistics. Don’t bother waiting....

Things we are putting on our Christmas list….Warmer shoes, a better shovel and more listings. It comes as no surprise that on the eve of the holiday season Toronto got its first dusting of snow which not only signals the traditional listing slowdown, but throws us even harder into traffic chaos. Well, at least we aren’t in Buffalo.

Turns out that last week’s less than stellar real estate numbers were not just the result of a minor blip in the stock market. We have identified the main culprit….turkey hangover. Yes, that key ingredient of the bird itself, tryptophan, doesn’t just make you sleepy it makes you slower to buy. How do we know? Well this week that nasty amino acid has dissipated and buyers and sellers have returned in full force....

Every once in a while you get ‘one of those weeks’ that prove the Toronto real estate market isn’t an island unto itself. Apparently there is life outside our little corner of the world. Last week we saw a perfect demonstration of how external forces affect real estate in our city as several houses in the downtown market didn’t sell on offer night. The major culprit…a brief blip in the Toronto Stock Market and a drop in value of the Canadian Dollar....