Pressure is growing on Ottawa to take action on housing prices as banking executives are joining economists and global think-tanks in sounding the alarm about the runaway markets in Toronto and Vancouver. The latest call for action came from National Bank of Canada chief executive Louis Vachon, who told Bloomberg on Wednesday that Canada […]
toronto home buyer
Condo market joins in Toronto’s real estate boom in 2016
The bidding melees that have flummoxed Toronto house hunters for years are erupting with increasing frequency in the condo market. A one-bedroom-plus-den near Trinity Bellwoods Park on Queen Street West recently landed on the market with an asking price of $499,000. Robin Pope, of Pope Real Estate Ltd., took a pair of buyers to […]
Average Price of a Detached Toronto Home nears $1.2-million
The average price of a detached house in Toronto is nearing the $1.2-million mark in March, 2016. Across the Greater Toronto Area, according to statistics released in the end of March, 2016, average prices for all types of homes surged 12.1 per cent in March from a year earlier, bringing first-quarter gains to 13.6 […]
Housing market ‘not waiting’ for millennials, BMO warns buyers
More than half of Canadian millennials are tired of paying rent, but 70 per cent would rather hold out for a home they really want before jumping into the real estate market, according to a new poll released by the Bank of Montreal on Tuesday. The Pollara survey conducted for BMO revealed almost all […]
Toronto real estate will continue to do ‘extremely well’ – former RBC CEO
Former Royal Bank of Canada CEO Gord Nixon is bullish on Toronto real estate. “I think real estate in Toronto is going to continue to do extremely well,” he told BNN in an interview prior to being inducted into the Canadian Business Hall of Fame at a ceremony in Toronto on Thursday night. “Toronto […]