The vast majority of Torontonians, 89 per cent, believe housing is unaffordable in the city. But 20 per cent of those who rent still plan to put a foot on the property ladder this year. The findings of a new Forum Research poll suggest that many of those buyers will be looking at new […]
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When foreign buyers abandon Canadian housing
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 […]
330 Richmond St West, Toronto – New Condo Investment
You are invited to a First Release VIP Condo Event on Saturday February 27th, 2016 for: City Suites By Greenpark. One Day Only. Suites starting from $287,900*. A 5 Star Luxury Condo right in the heart of Downtown Toronto. * Representations and information contained herein do not form part of any Agreement of Purchase and […]
Overbuilding on the rise in certain Canadian real estate markets – CMHC
TORONTO – Overbuilding is on the rise in the Calgary, Saskatoon, Regina and Ottawa real estate markets, according to the latest report from Canada Mortgage and Housing Corporation. The housing agency says it uses two main factors to gauge overbuilding: the rental market vacancy rate and the inventory of completed, unsold units per 10,000 […]
House-hunting millennials want ‘move-in ready’ homes: survey
Millennials are entering the housing market in huge numbers. And a recent survey shows that, unlike previous generations, their main priority is finding a home that will need little or no work before they can move in. “Millennials want move-in ready,” said Consumer Reports expert Dan DiClerico. “They want to cook in that kitchen […]