Market Insights

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As your local real estate brokerage, we strive to always provide valuable information as it relates to your largest investment. At the beginning of every month, we work to compile statistics relating to both Toronto proper and the larger GTHA region. Simply provide your contact information below, and we'll be sure to send our infographics your way every month until you tell us otherwise. Enjoy!


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MARKET UPDATE FOR THE WEEK ENDING OCTOBER 23RD, 2020


With the high stakes of the upcoming US presidential election on November 3rd, people are getting nervous about what they will be waking up to. If you’ve been holding off purchasing property or investing until after the election because of the uncertainty, here is some information you might want to consider.

 

When Donald Trump won the presidential election in 2016, it caused shockwaves around the world. No one expected him to win, but win he did, and what was going to happen next was anyone’s guess. Democrats freaked out, and the old “moving to Canada” refrain appeared on Twitter, right on schedule. But those millions of Democrats moving to Canada never materialized. The stock market took a hit the day after the election but jumped back up the following day. In the short-term, absolutely nothing changed.

 

In fact, 2016 ended up being a record year in real estate in Canada. This winning streak continued for the next few years, only to be interrupted by the COVID-19 pandemic. And since then, the housing market in Canada has rebounded to a remarkable degree!

 

With all that in mind, conditions are very different than they were four years ago. Political division in the United States has grown exponentially. COVID-19 badly hit their economy. And the current election seems to be one of the most chaotic and negative they’ve ever had.

 

In Canada, however, things have not changed quite as much (COVID-19 notwithstanding). The federal government has moved to a minority rather than a majority situation, but the same party is in power. While there have been some issues that divide us, it’s nothing like what is happening to our immediate south. COVID-19 is much more under control than it is in the US, and the housing market is still red hot across the country. So, those are all stabilizing factors moving forward into the end of 2020.

 

Regardless of who wins the US election, the impact on Canadian real estate will likely be minimal. We have our own issues right now, including recovering from COVID-19. As more challenges mount throughout 2020 and beyond, savvy real estate investors will adapt, seeing opportunities and grabbing them, regardless of who is in the White House.

 

Bosley Real Estate Ltd. is a full service boutique brokerage operating in Toronto, Niagara-on-the-Lake and Port Hope, Ontario since 1928. We have four centrally located offices and over 250 sales representatives selling and leasing homes and condominiums in all the vibrant communities we work in. Our brand is well recognized internationally thanks to our unique affiliation with Leading Real Estate Companies of the World. Our sales teams meet weekly to discuss market conditions, trending topics, and anecdotes that more accurately reflect the true temperature of the real estate market.

 

HERE ARE THE TOP FIVE TRENDING STORIES OF THE WEEK:


These are the Top 8 Family-Friendly Neighbourhoods in Toronto (MAP)

When it comes to living in Toronto, there are dozens (over 140) of amazing neighbourhoods peppered throughout the city for residents to call home. But one particular demographic — young families — has specific requirements, including access to schools, parks, and detached home options, which, as we all know, can be difficult to find in Toronto’s downtown core...

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Over 6 Million U.S. Renters, Owners Missed Housing Payments in September

According to third-quarter 2020 research released today by the Mortgage Bankers Association's Research Institute for Housing America, over 6 million households did not make their rent or mortgage payments and 26 million individuals missed their student loan payment in September 2020...

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Canada real estate: TD Economics sees high home prices holding up in fourth quarter before dropping in 2021

Home buyers looking for a bit of a discount may want to wait a little. A housing report by TD Economics predicts that high home prices will persist for the rest of 2021...

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Toronto Condo Market Deluged With Listings, In A Bad Sign For Investors

If you’re looking to buy a condo in Toronto these days, you’ll be glad to hear you will have more to choose from than buyers ever had before. And there won’t be any need for bidding wars...

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Ontario’s smaller markets fuel real estate gains

The resilience of Canada’s housing market in the midst of the coronavirus pandemic and the prevailing economic headwinds it ushered in continues to astonish many industry watchers...

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