How A Toronto Real Estate Bubble Burst Would Actually Look Like From 2021 Fіrѕt thіngѕ fіrѕt, thоugh — how аrе wе dеfіnіng a bubblе? Wеll, a real еѕtаtе bubblе саn оссur whеn hоuѕіng lеvеlѕ rіѕе up ѕіgnіfісаntlу duе tо dеmаnd, ѕресulаtіоn, and еxubеrаnt ѕреndіng – ԛuіtе thе соmbо. And іf уоu’rе thіnkіng tо […]
Toronto Real Estate Bubble Burst
Toronto home sales decline, could sign to a return to normal market
Toronto real estate market has seen the effects of a confluence of policies: Ontario’s Fair Housing Policy, including a foreign buyers’ tax aimed at cooling the market; a new mortgage stress test targeted at protecting Canadians from dangerously high household debt levels; and the Bank of Canada’s moves to increase interest rates. The […]
Toronto’s deflating run away housing prices, in one chart
Home sales in Canada’s largest metropolis slowed down for the third largest month in a row, according to numbers released from the Toronto Real Estate Board. That came as new listings rose nearly 16 per cent, and as active listings surged over the year before. The average house price still increased 6.3 per cent […]