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Scott Ingram REALTOR® Profile picture
@areacode416
Jan 8, 2020 • 3 tweets • 2 min read • Read on X
RBC's monthly Focus on Housing report is out now. Remember all of those "Toronto is just following Vancouver by 6 (or whatever) months" theorists? Well either they were wrong, or Toronto's been doing it wrong for about a year now. #VanRE #TorRE /1 Image
And since 2000 Toronto has only had one buyer's market period, while Vancouver has had 3. They're just different markets with their own unique forces. (Note "new listings" are a flawed stat with TREB so SNLR isn't my favourite stat, but point is the same.) /2 ImageImage
Their 2019 summary on Vancouver and Toronto:
- increasing evidence buyers have adjusted to earlier policy changes
- modest declines in mortgage rates also helped spur demand
- biggest issue now is low inventories /3

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More from @areacode416

Scott Ingram REALTOR® Profile picture
Sep 10
Weekly Active Listings update: 🚨WILD ONE!🚨

Crazy shifts this week as the fall market has officially kicked off. 🍂

Let's start with Freeholds. Note that weekly bump. Higher than any fall in the last 7 (but for one week of 3,040 in 2018) and it's only first week of fall season. 🧵/1Image
The week-over-week (w/w) change was ⬆️428 listings for Freeholds (houses). Below's the equivalent week in the last 7 years. Usually the weeks leading up to and including Labour Day ⬇️w/w and then things start to grow.
2018 +324
2019 +258
2020 +320
2021 +248
2022 +135
2023 +213
2024 +428
/2
Here's a different look. Number of Freehold listings 0-7 DOM:
9/3: 314 (was 298 week before)
9/10: 962

Tripled! Now, a bunch of those are going to be re-listings ("Hey let's terminated and put it back fresh after Labour Day"), but a bunch are brand new too. /3
Read 8 tweets
Scott Ingram REALTOR® Profile picture
Jul 19, 2022
Here's a rental eviction story a friend of mine is letting me share, from the N12 notice (family member) to the recently concluded LTB hearing. So grab a ☕️, sit back 🪑, and read this 🧵 to see the outcome. /1
July 2020 - "I texted him at 9:30am asking about cockroaches I had seen in the apartment in the last few weeks.. he replied a few hours later asking me if the type and let me know his mom would be moving in.. all in the same message with the 🙏at the end. Next day sent N12." /2
He'd lived there 9 YEARS.

"I had a feeling it was bullshit but really what could I do with no proof.. I was tempted to stay and wait for it to get tied up in the LTB, some part of me believed it was possible he was being truthful."

I bet so many tenants feel this same way. /3
Read 16 tweets
Scott Ingram REALTOR® Profile picture
Oct 16, 2021
Since CBC Marketplace likes investigating, I thought I'd do my own investigation on the house in the Real Estate "exposé" that aired last night, which centered around this house in Vaughan. Here's a bit more info for you in this 🧵/1
The owner was complaining about how they listed on the MLS offering to pay 1% commission to the "co-operating brokerage" (buyer's agent), which is short of the more common 2.5% commission offered in the GTA market. She claimed that agents were "steering" their clients away. /2
The CBC investigation with the large sample size of 3 agents, found 2 of them appearing to discourage their buyers (don't know if they were actually clients because they didn't mention if they'd actually signed Buyer Representation Agreements, which is no small matter). /3
Read 19 tweets
Scott Ingram REALTOR® Profile picture
Oct 15, 2021
So CBC is running a show tonight (which I'm PRVing). Here's the article previewing it. I got emails this afternoon from TRREB and OREA about it this aft, so it might be getting some play.

I'll share the emails and my criticisms of the CBC here... /1
cbc.ca/news/canada/ma…
Here's what TRREB had to say. /2
Here's the Sept 2nd RECO bulletin referred to by TRREB above, and in the article where it said RECO "issued a notic ice about steering to the over 93,000 real estate agents, brokers and brokerages under its purview." /3
Read 14 tweets
Scott Ingram REALTOR® Profile picture
Oct 6, 2020
TRREB has released its September #torontorealestate numbers. They like to accentuate the stats that would indicate everything is awesome, but let me point out 5⃣ STATS SHOWING MARKET COOLING ❄️ /1
First let me say it's not a COLD market yet by any means. But problem is everyone just likes to look at YoY change. When you think about it, 12 months is a somewhat arbitrary period to compare to. So September sales are way ⬆️(42%) and average prices are also ⬆️ (14%) /2
1⃣ AVERAGE YoY PRICE GROWTH IS SLOWING.

In July it was +16.9%
In August it was +20.1%
In September that slowed right down to +14.0%

Note a good chunk of the price growth is due to mix (less condo apts, more detached). /3
Read 10 tweets
Scott Ingram REALTOR® Profile picture
Oct 5, 2020
Some weekly #torontorealestate sales numbers in this thread. Firstly, week over week pattern this year continued to follow same as last year (only couple of deviations on here, main one being Labour Day one week later this year). /1 Image
The total sales in the 416 in the past 4 weeks cumulative have been just 1% below 2019, with this week being flat. /2 Image
But "tale of two cities" continues, with freehold (lowrise houses) selling stronger than last year and condos (apts and townhouses combined) selling weaker of late (and didn't show the huge "pent-up demand" that houses did. /3 Image
Read 5 tweets

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