This is a fun little passion project by Airbnb-engineer Andrew Pariser and someone known as Potch. The way it works is that it shows you a picture of a recently sold property, and you have to guess what it sold for. You get a bunch… Read More
Past performance, we are often told, is not necessarily indicative of future results. At the same time, history has a funny way of repeating itself. I recently stumbled upon this research paper by Marc Francke (University of Amsterdam) and Matthijs Korevaar (Erasmus School of Economics)… Read More
The below graphs are taken from a recent (June 2019) report by Knight Frank on “prime” residential pricing across the world. They define “prime” as generally being the top 5% of each market by value. What these graphs show are the spread between the average… Read More
Here’s a chart from Knight Frank’s 2019 Global Affordability Monitor that I think you’ll find interesting: It compares real home price growth and real household income growth (after tax) over the last 5 years for 32 world cities. The bolded percentages represent the former and… Read More
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%)… Read More
In the comments of my recent post about Manhattan real estate prices during the Great Depression, a regular reader of this blog shared this terrific blog post (and corresponding research paper by Piet Eichholtz) about house prices along the Herengracht canal in Amsterdam from 1628 to… 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
The Economist recently published the following chart alongside this article talking about the impact of foreign buyers on global house prices. They also have this set of interactive graphs that allows you to chart prices according to a number of different measures. The two metrics… Read More
Heads-up: This is going to be a Toronto-specific post. This week there was a lot of chatter about escalating house prices in this city (though that seems to be most weeks these days). Paul Johnston listed a detached house in Dufferin Grove for $1,285,000 and then… Read More
I flew into Vancouver this morning, which means it was only a matter of time before the topic of house prices came up. According to the 13th Annual Demographia International Housing Affordability Survey (2017), the 10 most unaffordable housing markets are as follows: Hong Kong,… Read More
BRANDON DONNELLY 