This morning BILD and Altus Group released their January 2019 new home sales figures for the Greater Toronto Area.
Here are the highlights:
1,362 new homes sold in January 2019 across the GTA. This is up 14% compared to last January.
Of these, 942 (~69%) were condominiums (includes low, mid, and high-rise, as well as townhouses). And 420 (~31%) were single-family homes (includes detached, semi-detached, and freehold townhouses).
Condominium sales volume is sitting only about 5% below the 10-year average and the benchmark price increased this month to $803,638, which represents a 12.5% year-over-year increase.
On the other hand, single-family home sales are down about 53% from the 10-year average and the benchmark price decreased by about 8.1% compared to last year. It is sitting at $1,130,046.
While there continues to be a bifurcation in the new home market, we are seeing improvements across the board and the data is consistent with Altus' prediction that 2019 will see an increase in overall sales.
It is also important to consider how geography might factor into the above numbers. Here are the January sales numbers for the last three years broken down by region within the GTA:
Just under 80% of the new condominiums sold last month took place in Toronto, whereas only about 1.2% of the single-family homes sold last month took place in the city. You can count them on one hand. There were only 5.
So rather than just look at this in terms of housing type, I think the other way to interpret the data is that it could suggest strong and continued demand for centrally located and transit-oriented communities.
And that just so happens to translate into a condominium.
Photo by Eugene Aikimov on Unsplash
In 2011, Apple owned 584 acres of land.
As of this year, and according to the Financial Times, the company now owns about 7,376 acres.
Apple uses its “facilities and land for corporate functions, R&D and data centres.” The latter would include server farms for its various online services, such as iMessage, Apple Music, and the App Store.
It can be easy to think of “the cloud” and the online services we use every day as existing only in some ethereal world up in the sky or in a distant land.
But the reality is that these services have very real physical space requirements. The above chart begins to speak to that.
Earlier this week I deleted my Facebook account. If we were friends on the service and you can no longer find me, this is the reason why.
Part of why I did this certainly had to do with privacy. I read Brian Acton’s (WhatsApp cofounder) account in Forbes this week. And I have been following many of the discussions over the past year:
Privacy legislation is perhaps the only thing that could pose an existential threat to a business that’s entirely powered by watching and recording what people do at vast scale. And relying on that scale (and its own dark pattern design) to manipulate consent flows to acquire the private data it needs to profit. -Natasha Lomas
But at the same time, I’m still on and use Instagram and WhatsApp (both Facebook companies), and I use Twitter pretty much every day.
So I am certainly not in a position to be smug about this decision. Hopefully this post does not come across that way.
The simple truth is that I had more or less stopped using the service. I had long ago turned off mobile notifications and so it had become more of a hassle than anything else.
Every now and then I would go on and find notifications and messages that I wasn’t responding to.
So it had finally reached a point where I thought to myself: Why keep my data here (by the way, you can download all of your data from the site) and why check it sporadically if I’m not really deriving any value out of it? Simplify.
I enjoy Instagram because taking photos is one of my primary passions outside of real estate and design. And I enjoy Twitter as a source of news and mostly civil conversation.
I am easy to get ahold of. I don’t need Facebook for that. Any of the social links at the top of this page (if you’re reading this post on the web), will get you there.