The Toronto Condo Market This Week (March 11, 2016)
The Toronto condo bust that wasn’t
Whatever happened to Toronto’s condo bubble? The average price of a condominium in the city popped more than 17 per cent in February compared to what the same unit would have sold for just one year earlier.
Toronto and Vancouver luxury real estate markets poised for hot spring
“Strong sales and steeper price inflation is anticipated in the top-tier real estate market in the GTA… predominantly fueled by an acute shortage of inventory in prime neighbourhoods and continued confidence in the housing market,” says Sotheby’s in its latest forecast released last week.
GTA home sales break February record as new mortgage rules take effect
Purchasing a home in Canada just got more expensive for certain buyers as new mortgage down payment rules came into effect halfway through February. However, a record number of homes still changed hands that month across the Greater Toronto Area.
How should Canada regulate foreign ownership in the housing market?
The Canada Mortgage and Housing Corporation says it has been in contact with tax authorities and police agencies that track money laundering in order to beef up its data collection regarding foreign buyers.