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Only 1/3 of millennials own

Why You Can't Afford an Apartment in Canada's Biggest Cities As housing prices soar, a chronic shortage of rental units is creating a new market squeeze. I want to read the full article. Prices of bachelor apartment rentals in Toronto are soaring According to Padmapper's real-time rental stats, bachelor apartments have climbed a whopping 15 percent since [...]

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. [...]

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