There is little doubt that overseas money has had an impact on the high cost of Canadian real estate. Even the Canada Mortgage and Housing Corporation appears to have conceded the fact. In a speech this week, CMHC president Evan Siddall said that despite having poor data on foreign ownership, it was likely pushing up the price of Canadian housing. There are two […]
Toronto Buyer Posts
Foreign home buyers – How other countries limit money from abroad
It was revealed this week that the Canada Mortgage and Housing Corporation is trying to keep tabs on foreign money in Canada’s residential real estate market. The national housing agency has come under fire in recent years for a conspicuous lack of reliable data about the money coming from abroad and how it may […]
Rent or Buy – Global’s real estate calculator will help you decide
To rent or buy? That is a question Canadians across the country face as they weigh the pros and cons of making the leap into home ownership. Conventional wisdom says to buy property. We’re not making any more land, and with the Bank of Canada keeping interest rates low and mortgage rates falling it […]
Central Toronto Real Estate TRREB Released July, 2021 Resale Market Figures
Central Toronto Real Estate TRREB Released July, 2021 Resale Market Figures Wіth almost 9,400 sales reported in July 2021, dеmаnd for оwnеrѕhір housing remained wеll-аbоvе аvеrаgе fоr the tіmе оf уеаr dеѕріtе being bеlоw thе record Julу, 2020 result set a уеаr еаrlіеr. Mаrkеt соndіtіоnѕ actually tightened relative tо July 2020, wіth ѕаlеѕ […]
Toronto buyers turn to condos as detached home costs stay high
While perusing MLS listings of Toronto single-family houses, one would get the impression that one- and two-million-dollar homes are not out of the ordinary these days. Once again, the condominium seems to be the more affordable option for first-time buyers who want to continue to live in the City of Toronto. “When you look […]