Aspiring buyers in Toronto’s real estate market in May were contending with prices about 15 per cent higher than they were last year at this time. No wonder bidding war fatigue is beginning to permeate the market. Some agents and buyers are wilting, Mr. Silver says. “Multiple offers seem to be lessening – not due […]
toronto home seller
Summer slowdown is not expected in Toronto’s heated real estate market
Toronto-area homeowners who are thinking of selling their properties may not need to wait for the traditional fall market. “I think it’s going to be busy all through the summer,” Mr Rocca says. Mr. Rocca says activity is cooling a little as the end of the school year approaches but the buyers are still roaming. […]
When real estate bubble bursts in Toronto, Vancouver, it will affect the rest of Canada
Buoyed by red-hot markets in Vancouver and Toronto, the country’s overall housing market may appear to be on fire but in reality real estate is slumping in Quebec City, Halifax, Calgary and Edmonton, where houses prices are down. “The reason is their economies are incredibly flat and you will see housing really start to […]
Toronto market is in a bubble, an expanding bubble, and it is likely to end in tears
The Canadian and Toronto housing market just keeps getting hotter. Home prices in the Greater Vancouver area have surged 30% year over year in May, up from 15% at the end of 2015, according to the bank’s June 2016 Financial System Review. Meanwhile, prices in the Greater Toronto area are growing by 15% YoY, […]
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. […]