In the world of financial and business soothsaying most of us have heard the expression, “The Trend is Your Friend.” Identifying when a trend has been established is important. House prices have been increasing for 8 weeks in a row – but for the previous 38 weeks they decreased. Is this a trend or a blip? More on this….
While sales were slow in January – in line with 1988 levels, the past week and a half in downtown Toronto has been rocked by increased activity. Multiple offer nights are repeating themselves and properties are selling at surprising prices. Are buyers trying to get ahead of anticipated increasing mortgage rates at the end of […]
Read More1988. That’s where we were at the end of December in the 416 in sales volume. Rentals are also slow. And yet, this week my listing at Queens Quay had bustling activity and it’s now leased. Sales listings have also had competing offers this week. So, there are stories of rushing buyer activity, but it’s […]
Read MoreSales volume is down 15.8% since last November. See The Colonel Sanders of Corruption post in Thinking for more stats and rationale.
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