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Highlights from RBC's Housing Trends and Affordability report for December 2019. Toronto condo apts:
🏆highest Q/Q price change (tied w/ St. John's)
🏆highest Y/Y ⬆️in affordability measure (which is really unaffordability)
🏆highest in measure vs. long-term average (11.9 pts) /1
🏆highest Q/Q price change (tied w/ St. John's)
🏆highest Y/Y ⬆️in affordability measure (which is really unaffordability)
🏆highest in measure vs. long-term average (11.9 pts) /1
Those titles aren't anything to be too enthused about. Here's how the measure has been trending. Can see those condo apts still climbing (blue line). Detached (top line) has steadied. Thick is aggregate, dotted is long term avg. /2
Here's Toronto summary. Highlights condo apts, and not much good news for those looking to get into market for the first time in 2020. /3
November Toronto Real Estate market analysis - complete! Some wacky stuff this month, as you can read in the blog post. But as always, some highlights here - and this month LOTS of bonus charts. #TorRE /1
areacode416homes.com/november-2019-…
areacode416homes.com/november-2019-…
One thing that's surprised me has been the rapid acceleration in price growth for 416 condo apts. Here are the YoY price increases reported in the last 3 months.
Sept: +3.3%
Oct: +9.6%
Nov: +10.9%
I was waiting on Nov to see if Oct was a fluke. Guess not. /2
Sept: +3.3%
Oct: +9.6%
Nov: +10.9%
I was waiting on Nov to see if Oct was a fluke. Guess not. /2
Looking at all housing types, the GTA just reached its highest price growth shown this year, at 7.1%. The first 8 months of the year were all below 4% for the total GTA number. /3
