Cameron Miller (@caameronmiller) header
Cameron Miller (@caameronmiller) profile picture

real estate guy

Toronto
Joined December 2011
Photo by Cameron Miller (@caameronmiller)Photo by Cameron Miller (@caameronmiller)Photo by Cameron Miller (@caameronmiller)Photo by Cameron Miller (@caameronmiller)Photo by Cameron Miller (@caameronmiller)Photo by Cameron Miller (@caameronmiller)Photo by Cameron Miller (@caameronmiller)Photo by Cameron Miller (@caameronmiller)Photo by Cameron Miller (@caameronmiller)Photo by Cameron Miller (@caameronmiller)
Cold game but its fair
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Homeowners are REFUSING to sell in the GTA these days Market slowly tightening.. New listings DOWN approx 12% yoy in October As a matter of fact new listings were DOWN year over year for every month in 2026... The 12 month rolling total of homes coming onto the market is now below its 10 year average
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Toronto MLS Home Price Index, seasonally adjusted: Rose 0.1% month over month - up 0.8% for detached & down 0.6% in condos. As a whole, average prices up 0.8% month over month. Yup ur reading right..Toronto posted month over month price GAINS...even head faked me! All in all, Toronto home prices been pretty flat since March.
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Canada's 5 yr bond yield fallen to its lowest level since August. Rate hike odds in December are now unlikely. Markets now pricing in only 1 additional hike before summer 27'
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Canada made BIG changes to financing multiplexes as part of the 2026 busget: Starting Feb 2027, investors and developers can finance up to 90% of new triplex and fourplex projects, and new apartment buildings 5-50 units can qualify for 50-year amortizations. canada.ca/en/department-fina…
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Wow Canada's pre con death spiral may have been thrown a lifeline. Carney amends the foreign buyer ban to allow foreign buyers to buy new construction while keeping the ban on existing homes. nationalpost.com/news/canadi…
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New October TRREB stats are out. House prices in the GTA have now slumped year over year for all 10 months of 2026 But new listings have plunged faster than sales for 9 months of 2026 So how much longer can home prices keep falling if supply keeps shrinking faster than demand?
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Allied REIT is getting obliterated and KING toronto is in the eye of the storm King west's most anticipated landmark project, is expected to see a 30% default rate.. confirmed by management The developer Westbank heavily pre sold to offshore buyers at BIG premiums compared to resale prices Now Allied, who took over the project since westbank was struggling to fund construction is facing 9-figure losses. Blood on these streets.
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Condo completions fell 13% yoy in Q3 to their lowest level since 2020. This means less new investor owned units hitting the rental market This declining trend will absolutely continue in the coming quarters, putting pressure on the purchase and rental markets in Toronto
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Rental listings in GTA are plunging, going against normal seasonal trends Specifically condos, down 29% yoy in September
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Markets pricing in a 80% chance BoC hikes on Wednesday and then 3 hikes before summer 2027 But core inflation just hit 6 year low, inflation expectations from consumers and businesses are stable, and canada just lost 110k jobs in 2 months So we'll see
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Been hearing the foreign buyer ban won't be scrapped, but could be revised. One theory floating around is that the ban would remain in place for resale properties while being lifted for pre con
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Q3 2026, in the entire GTA, there was 1 pre con project that started construction.. Walk around dt toronto and youll notice, for the most part, the cranes have disappeared
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The shit "developers" were building during covid was insane Affinity condos, a 6 yr old building in Burlington occupied in 2020 Balconies shifting and sagging Can you imagine
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Ouf...Cycle high of distressed, court ordered property hit this relatively illiquid market in September Investors, pay attention, there's some blood in these streets..
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Toronto home sales & prices down in September Not exactly the "fall market rebound" ppl were expecting Demand is clearly softer than past months, consumer confidence playing a big role here Plus rates aren't helping. HOWEVER, Take in the new & active listings numbers... New listings dipped 14.4% and Active inventory dropped 9.3% Significant pull back in supply If demand stays soft but inventory continues to tighten it'll be way harder for prices to see another significant leg down For now, less demand is being met with less supply. Probably the most important part of last months numbers
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Your largest and best wins are serendipitous, cannot be planned So you got one job.. show up and shoot every god damn day and keep your identity tf out of the results
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Remember when Donda said "The giant looks in the mirror and sees nothing" Always stuck with me
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