Tag: supply
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Toronto Stats – May 2020
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Guest Post – Brad Lamb on Covid-19
On Covid-19 And Our Immediate Future Written by Brad J. Lamb Like most Canadians and citizens of the world, I am accepting our government’s current version of the best response to COVID-19. I am, however, becoming less satisfied as I watch the world melt away in an unprecedented loss of wealth, business, and employment. The…
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Feb 2020 snapshot: PTBO
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The Revival – Feb 2020: Problems need Solutions
As many of my clients and colleagues know, I think it’s sloppy to believe we can “read” someone else’s mind (although many attempt this daily by assuming they know what is going on in another’s head.) In the same vein, I am also no fan of what I call “future thinking“; this is guessing what…
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Crystal Balling: Back and Forth
Many insiders sense that Toronto real estate prices are going to soar in 2020. If December 2019 is an indicator, then things are trending in their direction. Toronto home prices saw a nearly 12% jump and with fewer days on market (compared to 2018.) The market is clearly showing what I’ve been saying to clients…
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Rising costs and Slowing hammers
With current construction costs creeping higher by 4-5% year-over-year, property prices are of course going to move higher. And justifiably, builders are going to pass down those increases onto us buyers. Strikingly though, these increases do not even include the increases to land values on which these structures are built on. So it should not…
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STR and other Fails
STR’s or Short term rentals, have just lost a footing in major Canadian cities like Toronto and Ottawa. My understanding is that the ultimate goal of regulating STR is to make rental housing more affordable which is great. However, I have a nagging suspicion that the vacancy rates will not change and rents will continue…
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4 Factors…
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Headlines: the Media’s 3 Card Monty.
Certain words stand in or attempt to disguise themselves or their meaning. Affordability is one of these words. We hear it a lot in terms of rental supply and new build developments. Housing is rarely affordable, as it is in high demand and currently in low supply. Affordability is usually standing in for a less…