Informed Advantage with REALNET ®

Welcome to the offical REALNET® blog. “Informed Advantage”, where you will find market insights and commentary on the Canadian Property Markets.

GTA New Home Sales – Q1 2014

Posted on April 16, 2014

press_releasesHere are the latest new home sales figures from our March 2014 monthly update on the GTA residential development market:

Q1 2014 Results
Low Rise: 3,966 sales; up +51% from Q1 2013; down -8% from 10 year average
High Rise: 4,962  Continue Reading.

GTA New Home Sales – March 2014

Posted on April 16, 2014

press_releasesHere are the latest new home sales figures from our March 2014 monthly update on the GTA residential development market:

March 2014 Results
Low Rise: 1,631 sales; up +65% from March 2013; down -4% from 10 year average
High Rise: 2,496 sales  Continue Reading.

GTA New Home Sales – February 2014

Posted on March 19, 2014

press_releasesHere are the numbers from our February 2014 monthly update on the GTA new home market:

February 2014 Results
Low Rise: 1,125 sales; up +4.7% from February 2013; down -25.5% from 10 year average
High Rise: 1,080 sales; up +1.9% from Feb …   Continue Reading.

Developers’ Den IV

Posted on March 3, 2014

2014_DD_Thumb_JudgesThis year’s Fourth Annual invitational Developers’ Den case competition was held at York University’s Schulich School of Business on Friday February 28th 2014. Twelve teams of MBA and graduate students from business schools participated in the competition. …   Continue Reading.

RealCondoInvestor Magazine – March 2014 Edition

Posted on February 25, 2014

RCI_MagazineREALNET® has created a new magazine – The RealCondoInvestor™ – in collaboration with Homes Publishing Group to better inform key stakeholders and replace myths with facts and fear with risk. …   Continue Reading.

GTA New Home Sales – 2013

Posted on January 22, 2014

press_releasesWe’ve finished our research for the year and here are the 2013 residential development numbers for the year:

2013 Results
Low Rise: 12,205 sales; down -12% from 2012; down -34% from 10 year average
High Rise: 16,201 sales; down -13% fr …   Continue Reading.

GTA New Home Sales – December 2013

Posted on January 22, 2014

press_releasesHere are the numbers from our December 2013 monthly update on the GTA new home market:

December 2013 Results
Low Rise: 642 sales; up +60% from December 2012; down -23% from 10 year average
High Rise: 1,069 sales; up +92% from December …   Continue Reading.

Will 2013 Have the Lowest Total New Home Sales?

Posted on December 19, 2013

newhome_insightsHere’s the stacked bar view of the year to date sales numbers in the GTA to give a sense of how total new home sales through 11 months of 2013 compare to previous years and allow us to speculate on how the year might finish.

As seen in the chart, YTD2013 no longer has the lowest sales of …   Continue Reading.

GTA New Home Sales – YTD (Jan. to Nov.) 2013

Posted on December 18, 2013

press_releasesSo with 11 months of residential development data in the books for 2013 here are the Year-To-Date new home sales numbers for the GTA.

YTD (January to November) 2013 Results
Low Rise: 11,523 sales; down -14% from YTD2012; down -35% from 10 year average
  Continue Reading.

GTA New Home Sales – November 2013

Posted on December 18, 2013

press_releasesHere are the numbers from our November 2013 monthly update on the GTA new home market:

November 2013 Results
Low Rise: 1,217 sales; up +27% from November 2012; down -19% from 10 year average
High Rise: 1,566 sales; down -9% from Novemb …   Continue Reading.

GTA New Homes – October 2013

Posted on November 21, 2013

press_releasesHere are the numbers from our October 2013 monthly update on the GTA new home market:

October 2013 Results
Low Rise: 1,465 sales; up +67% from October 2012; down -11% from 10 year average
High Rise: 2,403 sales; up +17% from October 20 …   Continue Reading.

GTA New Homes – September 2013

Posted on October 21, 2013

press_releasesHere are the numbers from our September 2013 monthly update on the GTA new home market:

September 2013 Results
Low Rise: 1,152 sales; up +8.8% from September 2012; down -21% from 10 year average
High Rise: 1,204 sales; up +0.5% from Se …   Continue Reading.

GTA New Homes – August 2013

Posted on September 20, 2013

press_releasesHere are the numbers from our August 2013 monthly update on the GTA new home market:

High Rise: 633 sales; down -18% from August 2012; down -46% from 10 year average

Low Rise: 777 sales; up +32% from August 2012; down -43% from 10 year average
  Continue Reading.

GTA New Homes – July 2013

Posted on August 20, 2013

press_releasesHere are the numbers from our July 2013 monthly update on the GTA new home market:

High Rise: 995 sales; down -29% from July 2012; down -34% from 10 year average

Low Rise: 783 sales; down -7% from July 2012; down -45% from 10 year average
  Continue Reading.

Data, Core Competency, and Better Decisions

Posted on August 14, 2013

newhome_insightsHere’s a great piece on using data to understand your core competency and then using that knowledge to assist in making better decisions.
  Continue Reading.

GTA New Homes – June 2013

Posted on July 18, 2013

press_releasesHere are the numbers from our June 2013 monthly update on the GTA new home market:

High Rise: 1,251 sales; down -46% from June 2012; down -38% from 10 yr. avg

Low Rise: 1,090 sales; up +6% from June 2012; down -34% from 10 yr. avg.
  Continue Reading.

Know Your Indicators

Posted on July 9, 2013

newhome_insightsThere’s a lot of residential development data out there, make sure you know what each number means and where it fits into the process.

There’s Sales, Permits, Starts and Completions. Not to mention Remaining Inventory, Price Indices, and Project Openings. …   Continue Reading.

GTA New Homes – Intensification & Prices

Posted on July 8, 2013

news_coverage“Real estate markets respond to the policies put in place by government. And the GTA new home market in recent years has been all about intensification in action.” …   Continue Reading.

GTA New Homes – May 2013

Posted on June 19, 2013

press_releasesHere are the numbers from our May 2013 monthly update on the GTA new home market:

High Rise: 1,272 sales; down -33% from May 2012; down -22% from 10 yr. avg

Low Rise: 1,267 sales; down -26% from May 2012; down -33% from 10 yr. avg.

Total New Homes: …   Continue Reading.

GTA New Home Sales – April 2013

Posted on May 23, 2013

press_releasesApril 2013 new home sales in the GTA are as follows:

High Rise: 1,856 sales; down -43% from April 2012

Low Rise: 987 sales; down -45% from April 2012

Total New Homes: 2,843 sales; down -44% from April 2012

Pleas …   Continue Reading.

GTA New Home Supply

Posted on April 24, 2013

newhome_insightsSome other details from our March 2013 GTA New Home data release earlier this week.

Year to date (Jan. to Mar.) 2013 new home sales are down significantly from the same period last year. So far this year High Rise new home sales are down -24% and Low Rise new home sales are down -43% fro …   Continue Reading.

March & Q1 2013 GTA New Homes

Posted on April 22, 2013

newhome_insightsThe March and Q1 2013 new home market numbers for the GTA were released in a REALNET® private client webinar this morning. The detailed market briefing delivered by George Carras (President, REALNET®) with additional market presentations by TREB’s Jason Mercer, BILD’s …   Continue Reading.

GTA New Homes – YTD 2013

Posted on March 21, 2013

newhome_insightsHere’s a look at our year to date (Jan. thru Feb.) sales in 2013 as compared to the same period in previous years.

High Rise: 1,734 sales; down -2% from YTD 2012

Low Rise: 1,660 sales; down -40% from YTD 2012
  Continue Reading.

GTA New Home Sales – February 2013

Posted on March 21, 2013

newhome_insightsHere are the monthly sales figures for the GTA new home market for February 2013….

High Rise: 952 sales; down -7% from Feb. 2012

Low Rise: 1,078 sales; down -32% from Feb. 2012

Total New Homes: 2,030 sales; down -22% from Feb. 20 …   Continue Reading.

Crunching February Numbers…..

Posted on March 17, 2013

newhome_insightsWe’ll have the GTA New Home sales figures for February 2013 here on Tuesday…. …   Continue Reading.

GTA New Home Sales – January 2013

Posted on February 26, 2013

newhome_insightsHere are the numbers for January 2013 new home sales in the GTA.

High Rise: 686 sales; down -8% from Jan. 2012

Low Rise: 562 sales; down -52% from Jan. 2012

Total New Homes: 1,248 sales; down -35% from Jan. 2012
  Continue Reading.

GTA Condo – Building Size Part 2 (Height)

Posted on February 4, 2013

newhome_insightsSo based on Total Units we showed an increasing number of larger condo projects being launched but also a decreasing average size – ie lots of smaller building too.

Now what about building height? Lots of new skyscrapers out there but lets get some perspective by looking at all of the …   Continue Reading.

GTA Condo – Building Size (Total Units)

Posted on January 31, 2013

newhome_insightsWe’ve often shown data related to the shrinking size of condo units over the last couple of years but we have not looked at what’s happening with overall condo building size.

I think, based on anecdotal evidence around us, we’ve assumed that building sizes were getting bigger over …   Continue Reading.

2012 GTA New Home Sales

Posted on January 23, 2013

newhome_insightsHere are the yearly new home sales figures in the GTA for 2012.

High Rise: 18,755 sales; down -35% from 2011; down -10% from 2010

Low Rise: 14,069 sales; down -20% from 2011; down -14% from 2010

Total New Homes: 32,824 sales; down …   Continue Reading.

December 2012 GTA New Home Sales

Posted on January 23, 2013

newhome_insightsHere are the RealNet results for December 2012 new home sales in the GTA. I’ll follow shortly with our 2012 year end numbers.

High Rise: 501 sales; down -54% from Dec. 2011

Low Rise: 403 sales; down -50% from Dec. 2011
  Continue Reading.

Ramblings on Evaluating the Changing New Home Market

Posted on December 21, 2012

newhome_insightsI spend my days preparing a multitude of charts and graphs which present the GTA new home market in a wide variety of ways. As I’m curious about these things, I attempt to discern meaning from each chart and what it might indicate regarding the future performance of the new home market.
  Continue Reading.

GTA New Home Sales – November 2012

Posted on December 19, 2012

newhome_insightsHere are the November 2012 numbers for new home sales:

High Rise: 1,556 sales; down -60% from Nov. 2011; down -7.4% from long term average

Low Rise: 960 sales; down -38% from Nov. 2011; down -50% from long term average
  Continue Reading.

GTA High Rise Standing Inventory – Prices

Posted on December 13, 2012

newhome_insightsI thought I’d add a quick look at the current average asking prices of available high rise units in completed projects and I’m comparing those prices to the original price of each project at the time it opened for sales.

On the charts below, each circle represents one completed proje …   Continue Reading.

GTA High Rise – Standing Inventory

Posted on December 12, 2012

newhome_insightsHere’s a chart we’ve seen before – GTA high rise remaining inventory by construction status. The data is as of October 31, 2012. …   Continue Reading.

September Is Not The Same As October (or November)…

Posted on December 7, 2012

newhome_insightsThere has been a lot of discussion in the media about the Bank of Canada’s recent Financial System Review, particularly the section pertaining to the Toronto condo market. I’d like to confirm that the Bank of Canada is a client of RealNet Canada and our data, as at October 31, 2012, was …   Continue Reading.

GTA – October & YTD New Home Sales

Posted on November 21, 2012

newhome_insightsHere are the October numbers:

High Rise: 1,914 sales; down -38% from Oct. 2011; +5% above long term average

Low Rise: 878 sales; down -46% from Oct. 2011; -56% below long term average

Total New Homes: 2,792 sales; down -41% from Oc …   Continue Reading.

New Home Starts … Not What They Used to Be

Posted on November 8, 2012

newhome_insightsAnd I don’t mean the specific number of Starts, but the indicator in general.

In the GTA we have gone from a new homes market comprised primarily of Low Rise product types (detached, semi-detached, row townhouse) to one that now sees a majority of new home sales comprised of the High R …   Continue Reading.

Construction …. but what about Completions?

Posted on November 6, 2012

newhome_insights57,760 high rise units under construction in the GTA at the end of September 2012. These are 88% sold and scheduled to be completed over the next 4 years (incl. the rest of this year).

31,763 high rise units in pre-construction projects in the GTA at the end of September 2012. These are …   Continue Reading.

GTA New Home Sales – Q3 & YTD 2012

Posted on October 25, 2012

newhome_insightsHere are the rest of the GTA new home numbers that are available now that we have our September monthly numbers.

Q3 2012

High Rise: 3,165 sales; down -50% from Q3 2011; down -20% from  Q3 2010

Low Rise: 2,574 sales; down -35% from …   Continue Reading.

GTA New Home Sales – September 2012

Posted on October 25, 2012

newhome_insightsThe numbers for September 2012…..

High Rise: 987 sales; down -64% from Sep. 2011

Low Rise: 1,083 sales; down -11% from Sep. 2011
  Continue Reading.

RealNet Client Event – September & Q3 Data On Its Way

Posted on October 19, 2012

newhome_insightsWe’re crunching the numbers for release at our private RealNet Client Event on Monday (Oct. 22) where we will release September and Q3 New Home Results and Q3 GTA Commercial Property Market results. …   Continue Reading.

GTA – Another View of the Condo Pipeline

Posted on October 15, 2012

newhome_insightsTotal high rise units under construction in the GTA has spiked to about 59,000 units as of the end of August 2012.
  Continue Reading.

Summer (July+Aug) New Home Sales

Posted on September 28, 2012

newhome_insightsHere’s a slightly different look at new home sales in the GTA. Comparing the historical sales figures over the previous 13 summers. By summer we are referring to the combined months of July and August. …   Continue Reading.

RealInfo Mapping Upgrade!

Posted on September 26, 2012

newhome_insightsI’ve been playing around with the soon to be released (October 1) enhanced mapping upgrade on our RealInfo subscription information service. It’s fantastic!

For example here is a screenshot of a map showing the high level view of the 77 new high rise project openings so far this year …   Continue Reading.

GTA New Home Sales – August 2012

Posted on September 24, 2012

newhome_insightsMore numbers to follow but here are the August 2012 New Home sales numbers:

High Rise: 645 sales; lowest August of the last 13 years

Low Rise: 597 sales; lowest August of the last 13 years

Total New Homes: 1,242 sales; lowest Augus …   Continue Reading.

GTA New Home Sales – January to August 2012

Posted on September 24, 2012

newhome_insightsYear-to-Date (YTD) New Home sales as at August 31, 2012 are as follows:

High Rise: 13,591 sales; that’s down -25% from 2011 but up from 2010 and the 3rd highest sales we’ve ever recorded through the first 8 months of the year
  Continue Reading.

905 Area New Homes – Price Comparisons

Posted on September 6, 2012

newhome_insightsHere’s a quick look at a price comparison of 3 primary product types across five active 905 municipalities.
  Continue Reading.

GTA Condo Pipeline – Another View

Posted on August 24, 2012

newhome_insightsA few posts ago I took a look at the GTA Condo Pipeline based on project opening dates, percentage sold, and current construction status. In other words, the “inputs” of the pipeline.

Now let’s look at the “outputs” of the pipeline – occupancies – or more precisely, project …   Continue Reading.

GTA New Home Sales – July 2012

Posted on August 21, 2012

newhome_insightsHere’s the RealNet GTA new home sales figures for July 2012:

High Rise: 1,415 sales; down -12.4% from July 2011

Low Rise: 851 sales; down -29.0% from July 2011

Total New Homes: 2,266 sales; down -19.5% from July 2011

RealInfo …   Continue Reading.

GTA New Home Sales – January to July 2012

Posted on August 21, 2012

newhome_insightsHere’s the year-to-date numbers as at July 31, 2012:

High Rise: 12,906 sales; down -20% from 2011; up +33% from long term average

Low Rise: 10,102 sales; down -7% from 2011; down -31% from long term average
  Continue Reading.