So… the May numbers are in. But before we get into the stats, let’s just take a moment to acknowledge the elephant in the room: there are now over 31,000 active listings on the market (and counting). That’s a level we haven’t seen in 25 years. Naturally, the absorption rate - or sales-to-listings ratio if you prefer the technical term - is starting to show the pressure. You’d think this kind of inventory surge would trigger a buyer frenzy, right? Not quite.... [read more]

March Maddness - Real Estate Edition I don't think we need to beat around the bush here—it’s officially hit the fan. With J.P. Morgan upping its global recession odds to 60%, 2025 is shaping up to be one for the history books. At this rate, we may soon look back at COVID and say, “Ah, the good ol’ days.” As for this month's stats, buckle up: 📉 Average Selling Price: Down 2.5% from last March, now sitting at $1,093,254. Homes are basically... [read more]

Was it just me, or did January feel like it had a bonus round this year?? We had so much news this month that it felt like it would never end! Our PM resigned, the Bank of Canada cut rates by 0.25%, capital gains tax changes were deferred, Trump was inaugurated, Trump imposed tariffs, Trump Trump Trump... Before I get to my usual monthly rant, let's take a look at what happened in the real estate market in January:   Here’s a quick take on the charts... [read more]

For an investor, or anyone that is considering purchasing commercial real estate, the most common question that needs to be answered is this; WHAT IS THE CAP RATE? What does that even mean? Simply put, capitalization is the process of converting the income of a given property into a capital value. A capitalization (cap) rate has more than one rate embodied in it (i.e. the discount rate and the recapture rate). There are two different types of capitalization in the CRE market; direct... [read more]

So you are considering buying real estate and are just unsure about all those nitty-gritty details that you want to double and triple check to make sure it's to your liking?  Guess what? So does everyone else! The good news is that you must not necessarily verify everything before your place an offer on a property. Imagine having to go through financial statements for the last 12-36 months, checking each and every entry, reading every single lease agreement, creating estimates... [read more]