Condo price goes up higher than detached homes with market rebounds in GTA in Dec, 2021 The condo market in Toronto tооk the hardest hit of аnу сіtу in Canada when rеѕіdеntѕ flеd іn thе еаrlу days of thе pandemic. Lіѕtіngѕ ѕоаrеd, рrісеѕ fell аnd a flооd оf vасаnt unіtѕ ѕеnt rents dоwnwаrd. […]
price appreciation
Surging sale of $1-million-plus Toronto homes urging calls for new measures
Sales of single-family detached homes commanding prices of at the least$ 1-million have almost doubled in 2017 in the Greater Toronto Area, as economists elevate the spectre of a real estate bubble. The GTA produced 2,876 sale of detached properties of $ 1-million or more in January and February in 2017, compared with 1,548 […]
More housing are needed, just not a tax on foreign home buyers
Housing prices in Toronto went through the roof long before governments started toying with a levy on foreign property buyers. While attractive for politicians, whose first have responded to any problem is to tax it, the above issues has been decades in the making, matching a chronic absence of housing supply to ever-increasing demand, […]
Even Toronto’s Top 1 per cent Earners Are Being Priced Out Of Housing Sell, BMO Says
Taking into account the “stress test” for mortgages that the federal Liberals instituted last year, Porter estimated that a couple earning $225,000 with $100,000 for a down payment would be able to buy a residence of $987,289. The median rate of a single-family house sold in Toronto in February was $1.57 million. “It […]
The problems of runaway house prices in Toronto
We need the facts about the extent to which foreign buyers are driving up real estate prices in Toronto. It’s time for the federal and provincial governments to collect the necessary data on the sale of housing to foreign-based buyers. Without reliable data and figures, it’s impossible to set policy, protect the dream of […]