Your Weekly Toronto Real Estate Snapshot, Powered By Zoocasa (Dec. 26

Things have yet to pick up in the new year, as both month-over-month and year-over-year declines have deepened; houses for sale in Toronto fell to 14 transactions, a whopping 84 per cent drop from November and 48 per cent from 2017, while there were no semi-detached sales at all. A total of three townhouses sold, which marks an 86 per cent decrease from last month, but exactly flat from the same week in 2018. Condos also saw significant declines, falling 83 per cent from last month with 23 units sold, coming in 62 per cent below last year’s activity. However, it will be interesting to see if the usual seasonal sales pick up occurs in the coming weeks, as buyers return to the market with renewed resolutions, and sellers opt to relist after the holiday hiatus.

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Your Weekly Toronto Real Estate Snapshot, Powered By Zoocasa (Dec. 26 – Jan 1)

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Pandemic distortions pushed suburban prices beyond their historical relationship with the city and that spread is now narrowing. The great return-to-office recall will continue to reinforce that pattern, pulling value back toward the core.

“We are going into this eyes wide open, and having those hard conversations very early in the process.”

Real estate services firm rennie has had commercial brokers for some time, but is now officially launching a commercial real estate brokerage called Rennie Commercial.

"The industry is infamous for tiptoeing around stuff... but people are really craving genuine discussions about what's happening."