For many (myself included), Google is now The Oracle for all questions great and small. I Most often, google recipes for random items in my pantry when I want to make something new.

 

But lately, there has been was a surge of Goggle-search activity from Canadians for the question, “Should I buy a house?” This question peaked in activity in April, the month after record home sales and then again in June. [1]

 

Does It Mean Anything For Sales?

 

The two appear to be related…an increase in the search term has been followed by a tapering of home sales shortly after. It tends to mark the peak of activity, right before sales fall. [1]

 

So, should you buy a house?

 

Well, the better question to ask is, “Should i buy a house, now or later?”

 

The best answer I’ve heard is, “Yesterday.” (Case in point: So if you bought something in Canada for $800k last year, it would likely be worth closer to $1.1M right now)

 

And since yesterday is no longer a viable option, the next best answer is “Today.”

 

 

 

Toronto Stats this Past week

 

MLS activity from July 7 to 13 for residential properties:

 

↑ For Sale:

5,536

↑ Newly Listed:

1,101

↑ Sold:

377

↓For Rent:

6,008

 

Compare the above to the week before from June 30 to July 6 when there were 5,477 for sale, 1,094 newly listed, 349 sold  & 6,170 for rent.

 

 

 

Today’s newest listings

 

TORONTO HOUSES FOR SALE

 

Under $950k $950k to $1.2M $1.2M to $1.6M
$1.6M to $2M $2M to 3M Over $3M 

 

TORONTO CONDOS FOR SALE

 

Under $500k $500k to $600k $600k to $700k
$700k to $800k $800k to $1M Over $1M

 

OTHER

 

GTA Fixer Uppers Ontario Foreclosures Map Search

 

(Email or call me directly for specific sold or off-market properties)

 

If you would like me to look up any other numbers for you, just call or text me 647-804-8601. Let me know how I can help with your (RE)search.