Toronto home sales rising, bidding wars declining amid coronavirus pandemic Muсh lіkе thе wеаthеr, thе rеаl еѕtаtе mаrkеt іn Tоrоntо іѕ hot. It seems nоt even a glоbаl раndеmіс саn hold bасk hоmе рrісеѕ. “Pаndеmіс оr nоt, I dоn’t think аnуthіng can burѕt thе bubble іn Tоrоntо rіght now,” said Ms Crаіg. […]
Toronto Real Estate Housing Bubble
Canada Shows Signs of Housing Bubble, Bloomberg Reports in 2019
Canada and New Zealand are the most vulnerable economies to a correction in house prices, with Australia and the U.K. also drawing concern, according to new research from Bloomberg Economics. Seeking to build a “housing bubble dashboard,” economist Niraj Shah studied ratios of house prices to rent and income as well as inflation-adjusted […]
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 home sales fell, new listings go down as sellers retreat in July, 2017
Home prices continued to fall across the Toronto region in July, 2017 as purchasers stayed on the sidelines, but the tempo of growth of new listings also continued to slow as more sellers decided to wait for a better time to sell. The Toronto Real Estate Board reported the average sale price of all […]
Toronto home prices down for third month in a row in July, 2017
Toronto Real Estate Board( TREB) says a third consecutive month-to-month drop in home prices in the Toronto region in July, 2017. Although the average price for all types of residences was still 5 per cent higher year over year, it was down about 6 per cent from June to $746,216. The number of sales also fell […]