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The Toronto Condo Market This Week – June 10, 2016

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toronto condo market news piece june 10

Sorry kids, no detached homes for you — at least in Toronto and Vancouver

You may not want to hear this, but the reality of today’s housing market is that young people need to kiss the dream of owning a single family detached home goodbye. It’s over.

A housing market that’s too hot to handle

Those who once dismissed talk of Canada’s overheated housing market are now worried about a bubble.

Canada house prices to push higher on speculation, foreign buys: poll

House prices in Canada will climb further over the next few years, driven in part by bets that urban centers Toronto and Vancouver have more steam left, even as household debt reaches historic highs, a Reuters poll found.

Toronto home sales break May record, listings plunge 30 per cent

The Toronto Real Estate Board (TREB) is drawing attention to plummeting listings as home sales across the Greater Toronto Area broke another monthly record in May.