For the past month articles like the one below have circulated blaming “Investors” for the increasing prices of homes in the GTA. This couldn’t be further from the truth, we are seeing a run up because people are capitalizing on pre approved mortgages with rates that were locked in prior to the recent increases. I had mentioned this three weeks ago and noted that it will likely have a...
Who is the builder? One of the first questions when evaluating buildings for a condo purchase. Builder reputation can ebb and flow, some have developed stellar reputations and command a brand premium for their buildings, old and new. Tridel being the prime example of the current gold standard. There are at least a dozen solid builders in the GTA, but there are just as many if not more that I...
Every time we break a new record it seems there is no more room to go up, and yet here we are again looking at increasing price trends. Data prepared by Ivan Gorbadei shows all 4 leading indicators pointing towards higher prices. Aside from condos in the core there is further tightening in inventory. Prices are up and inventory is down month over month, making it an opportune time for sellers...