Jeanette Grant

MARKET UPDATE FOR THE WEEK ENDING JANUARY 22ND, 2021

28 January 2021
Jeanette Grant

Toronto’s vacancy rate on apartments hit 5.7% in the fourth quarter of 2020, the highest level the city has recorded in 50 years, after nearly a decade of being under 2%. As the pandemic pushed tenants outside the core of the city, the vacancy rate in the 905 areas surrounding Toronto remained at a much tighter 2%. These results are just an example to just how drastically the pandemic altered the rental market.


MARKET UPDATE FOR THE WEEK ENDING NOVEMBER 13TH, 2020

19 November 2020
Jeanette Grant

How is it that our stock markets and house prices look like this is the best of times? Many people have been scratching their heads lately trying to understand how it is that Canada’s average house price jumped more than 17 per cent during the worst economic crisis to hit the world in decades.


MARKET UPDATE FOR THE WEEK ENDING NOVEMBER 18TH, 2016

24 November 2016
Jeanette Grant

Here we go. The Santa Claus Parade i s the definitive Toronto tradition and if that didn`t signal the start of winter then this week`s little blast of cold air sure did. Despite the temperature drop there is no sign that the real estate market is slipping into hibernation just yet. We know there are many frustrated buyers out there but we would encourage them all to keep looking. If you are contemplating putting your buying intentions on hold you will pay the ultimate price when prices escalate in the Spring...just like they did last year.


MARKET UPDATE FOR THE WEEK ENDING SEPTEMBER 18TH , 2015

22 September 2015
Jeanette Grant

Two weeks ago we witnessed a tsunami of new listings in downtown Toronto but a relatively lackluster sales performance left us feeling kind of empty. We made the bold statement that perhaps the reason sales were so low was because most of the new listings were holding back offers until the following week.


MARKET UPDATE FOR THE WEEK ENDING AUGUST 28TH , 2015

31 August 2015
Jeanette Grant

In the condominium sector new listings have remained relatively unchanged over the last week while sales are down a little over 10% (from 200 units to 181 units). Sales at or above the list price are currently at 16.6% which is a solid indicator that the condo market is trading well. In the central core we noted a significant increase in luxury condos coming to market last week while there was a decline in number of mid-priced listings ($400k to $700k).