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The Storey Team : Toronto Real Estate

How Have Condos Been Affected?

25 April 2020
Tom Storey

Condos have reacted similarly to freehold properties. The year over year sales numbers are down almost 70%.

2020 Toronto Real Estate Predictions

05 January 2020
Tom Storey

Our top 10 predictions for 2020!

The Well Condos - By Tridel

20 April 2019
Tom Storey

Bordering Front, Spadina, and Wellington, this astounding mixture of retail, commercial, condominiums and rentals in downtown Toronto will host approximately 10,000 people on a daily basis who live and work at The Well.

The Storey Report - March 2019

09 April 2019
Tom Storey

Now, when we look at individual asset classes starting in average price points, detached homes are sitting just under 1.3 million, and semi-detached are sitting at $1,087,000. This is relatively consistent with what we've seen over the last couple of months, but it's worth noting that if you're wondering how much your place is worth, gone up or down over the last year, you have to look at it in terms of micromarkets. This means that there are certain areas that are in incredibly high demand for freehold properties. And their property values may have gone up, while other areas in less demand have gone down. So definitely need to get very specific when you're talking about freehold assets.

The Toronto Condo Bubble - Real or Fake?

03 April 2019
Tom Storey

The Toronto condo market has gone up 64% in price over the past five years, but does that mean we're in a bubble? So let's do the quick math on that. 64% over five years means that each year the Toronto real estate market for Condos has gone up 12.8% meaning every month you've owned a Condo, you've gone up 1% in appreciated value over the past five years. So let's break it down even more. That means that every single month, if you owned a property worth $500,000 over the past five years, you've earned $5,000 a month on appreciation on your Toronto Condo. Now, it's clear to me why this is happening in our market.