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The Storey Team : Toronto Real Estate

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.

Housing Affordability Study - RBC

28 March 2019
Tom Storey

Home ownership costs dipped almost everywhere in Canada in the fourth quarter of 2018. Nation-wide, the share of income needed to cover the costs of owning a home fell 0.7 percentage points to 51.9%.

Can You Guess These Movies Based on Their Famous Houses?

16 March 2019
Tom Storey

Put your movie knowledge to the this!

2019 Toronto Real Estate Market Predictions

09 March 2019
Tom Storey

This video is looking a bit back at what happened in 2018 and predictions for the future of 2019. Now, we can give our recommendations based on the stats that come out and everyone can tell a different story when you're looking at the numbers, but we do this on a day to day, we're on the ground level, we're seeing why people are wanting to enter the market and why people are selling, so hopefully you can keep that in mind as you watch this video and if you have any questions at the end, just let us know.

The Dangers Of A Purple Brick Foundation

12 February 2019
Cam Woolfrey

When Real Estate's "Discount Selling" Sites End Up Being The Wrong Choice