In toronto real estate, the head of the federal housing agency is elevating a red flag about the state of Canada’s real estate sector, saying affordability fears have spilled over from the country’s two most expensive cities to nearby markets. In an article published Monday in the Globe and Mail, CMHC CEO Evan Siddall says […]
Toronto home price
Bank Governor Poloz Describes Toronto’s Real Estate Market Like A House of Cards
In toronto real estate, Bank of Canada governor is urging the Toronto city council to prepare for the changes in the housing market. For the past two decades, the natives of Toronto didn’t find it difficult to acquire mortgages and those who got these approvals have been buying into an ever more inflated housing […]
Low-rise homes have gained impressive 10-year result
In toronto real estate, further proof that property investment in Toronto hot market has been a solid choice – as if it was really needed. The average price of a low-rise home in the Greater Toronto has more than doubled since 2006, according to the Building Industry and Land Development Association (BILD). The average […]
Bank of Canada may not cool hot Toronto housing market – BMO says
Scorching prices in Canada’s top housing markets are unlikely to see declines because the major drivers are beyond the reach of traditional monetary policy, according to Bank of Montreal’s top economists. “Monetary policy can’t do anything about the inferno,” according to the draft of a report led by Douglas Porter, the bank’s chief economist. […]
Hot Toronto housing market got even hotter in May, 2016
TORONTO — The Toronto area’s real estate market set a new record in May, 2016, with nearly 13,000 homes sold. That’s up 10.6 per cent from May 2015 in what was already one of Canada’s hottest real-estate markets. The Toronto Real Estate Board says there’s a shortage of listings for low-rise types of housing, […]