The Toronto Regional Real Estate Board released its 2020 housing figures this week. And I suspect that the numbers are probably directionally similar for many city regions around the world. 2020 saw more home sales than 2019 with 95,151 homes changing hands. This represents an… Read More
I can’t open Twitter these days without seeing someone in the tech industry talking about moving or talking about someone who just moved to either Austin or Miami. “What’s the best neighborhood in Miami for startups? My friend just moved to Edgewater. Where did so-and-so… Read More
Last year, Jesse Keenan, Thomas Hill, and Anurag Gumber of Harvard University, published a research paper called, Climate gentrification: from theory to empiricism in Miami-Dade County, Florida. What they were trying to uncover was a possible relationship between climate change and single-family home pricing in… Read More
The Tax Cuts and Jobs Act of 2017 (US) created something known as Opportunity Zones. These are low-income and high-poverty census tracts that are designed to attract investment by offering a number of different tax benefits. I first wrote about it on the blog, here.… Read More
Last Thursday the Supreme Court of Canada announced it would not hear an appeal from the Toronto Real Estate Board regarding a 2016 Competition Bureau decision aimed at giving consumers greater online access to information, such as historical (home) sale prices. I am not at… Read More
Aaron Terrazas, who is a Senior Economist at Zillow, recently gave this presentation about the US and Virginia Beach housing markets. (I discovered it through City Observatory.) There are a bunch of interesting graphs/stats in the presentation. Home values in Virginia Beach, for example, have… Read More
The New York Times recently published “a portrait of new single-family homes” in the US in 2016. Here’s that portrait: For those of those living in dense urban centers, this portrait is perhaps a reminder that in many other places a large single-family home can… Read More
Below is a piece by Michael Salter from the Globe and Mail. It’s all about Toronto’s HOT, HOT housing market. Michael’s message: Here are the real reasons why home prices are skyrocketing and why they are going to remain high. Did you find yourself agreeing with this… Read More
This morning, I am looking at the following chart of average home prices in the Greater Toronto Area: It’s from this Globe and Mail article. These are staggering numbers. The average price of a detached home in the suburbs (905 area code) increased 21% year-over-year.… Read More
When it comes to a real estate market, there are always the typical metrics: sale prices, rents, vacancy and so on. But I’m always interested when somebody looks at the market in a different way and comes up with other kinds of metrics. That’s why… Read More
