Supply Up, Demand Down In July 2017

August 14th, 2017

Demand and number of sales down, supply up and prices up in July 2017 (compared to July 2016). After a strong Q1 2017, many homeowners are selling to take advantage of high prices. Buyers, however, are taking a break to see if prices will come down. Eventually buyers will re-enter the market to scoop up all the excess listings and the market will finally stabilize.

Prices Up 33.2%!!!

April 23rd, 2017

The trend continues ladies and gentlemen. The demand is simply outweighing supply and prices are continuing to soar. The average sales price in March 2017 was $916,567 which is 33.2% higher than March 2016 (which was $688,011). Number of sales in March 2017 increased to 12,077 from 10,260 in March 2016 (an increase of 17.7%).

With our population set to double over the next 20 years, land will remain scarce and prices will continue to increase.

Roger’s M-City Price List

March 22nd, 2017

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Proposed Bill Aims To Eliminate Rent Control Exemptions

March 16th, 2017

New proposed bill aims to eliminate rent control exemptions in Ontario (currently buildings built or converted after Nov 1, 1991 are exempt from rent control in Ontario).

http://www.cp24.com/news/bill-calls-for-rent-control-to-be-extended-to-all-rental-units-in-ontario-1.3327687

Janaury 2017 Numbers Are Up…Condo Market Insanity

February 9th, 2017