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Real estate slow down good for the economy?

Rosenberg: Toronto housing slowdown is good for economy The recent dramatic drop in home sales across the Greater Toronto Area is good for Canada’s economy -- and may show the economy is finally moving away from a dependence on the real estate sector, according to Gluskin Sheff Chief Economist David Rosenberg. I want to read [...]

Renting sucks… unless you’re a landlord

Average Toronto home price drops $173,000 since April The number of sales in July also fell 40.4 per cent compared to July last year. I want to read the full article. Explosive First Half for GTA New Condo Market A total of 12,138 new condo apartments were sold across the Greater Toronto Area in Q2-2017, [...]

Great time to be a condo investor

Toronto housing takes sharp turn into buyer’s market By one metric, the Greater Toronto housing market has quickly shifted from a seller’s market to one favouring buyers. I want to read the full article. Now that the Bank of Canada has scratched the interest rate itch, get ready for more Many of the world's central bankers, [...]

Interest rates rise. Will the market fall?

Toronto's luxury condo sales surge despite market, Sotheby's International says GTA condo sales over $1M are up 98% from last year, according to Sotheby's International Realty I want to read the full article. Canadian Variable Mortgage Rates Rise for the First Time in Over Seven Years. What’s Next? The Bank of Canada (BoC) raised its [...]

Toronto Condo Market: Do we have a flippin’ problem here?

How condo flippers are making a killing in Toronto's hot housing market Inside the Toronto condo building where quick sales are earning investors up to $2,900 a day. I want to read the full article. Toronto condo market heated up in the first quarter, amid new evidence of investor flipping The Greater Toronto Area’s condo [...]

Time to cash out of Toronto real estate?

Toronto homeowners opting to lease after cashing out Toronto homeowners cashed out to capitalize on high prices – and many aren’t about to dive back in I want to read the full article. It's Time for Buffalo to Secede, and Join Canada The region does have its fast lanes and its slow lanes, though. Here's [...]

Why condos are the new Canadian dream

Desperation Sets in for House Hunters in Toronto’s Red-Hot Market Dana Kayali is preparing for battle. Clutching a stack of home ads, the pension fund manager and her fiancee brave a swarm of about 30 people on a recent Saturday and step into the first of four open houses of the day. They’re all searching [...]

Trump threatens the Toronto condo market?

‘Trump risk’ hangs over Canadian real estate market The new U.S. administration’s impact on the outlook for the Canadian economy is mixed: Alberta could receive a boost from Mr. Trump’s stance in favour of pipelines, Mr. Mendes notes, but his protectionist impulses could put this country at a disadvantage. I want to read the full [...]

Condo inventory declined by 56%!

How a foreign-buyer tax could make it even harder to find that elusive Toronto rental Low vacancies are already fueling bidding wars over Toronto apartments, and a foreign-buyer tax could make rentals in the city even scarcer — and pricier. Shaun Hildebrand, vice president of Toronto-based condo analytics firm Urbanation, recently described how on BuzzTV. [...]

The Toronto Condo Market This Week – January 20, 2017

Toronto’s hot housing market spills over to condo rentals Toronto’s sizzling housing market is spilling over into the region’s rental market, pushing up rents to new records as tenants fought over a shortage of rental listings. I want to read the full article. Toronto condo buyers feeling the squeeze Last year, sales of condo units [...]

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