Toronto Income Property Newsletter – August 2019

Happy Canada Day. I hope you all enjoy your day off today, and take a moment to reflect on how lucky we are to live in the best city and country in the world. I arrived in Toronto when I was six years old from the UK, and have called Canada my home ever since….

Last month, for the first time in almost 18 years, I did not write my monthly real estate newsletter. Since I formed Plex Realty in 2003, I have diligently provided my thoughts on the Toronto income property market each month,

I trust that all of you are enjoying the summer. The real estate market generally gets a little slower in July and August, with more properties being offered for sale after Labour Day when summer holidays finish. The residential income property market generally tends to follow the trends of the overall housing market. I have…

The Toronto real estate market continues to be a challenge for buyers, despite several downtown properties not attracting multiple offers this past month. Slowly but surely a lot of the increased demand is being sated. The market typically slows a little going into June, July and August before heating back up after Labour Day. Income…

Back to school. Back to work. And back to selling income properties. The Toronto real estate market will roar back to life this week as many agents start listing properties for sale this fall. There were fewer houses for sale this summer as we expected, although prices and demand held steady. Last week two semi-detached…