The Toronto Condo Market This Week (December 4, 2015)
Rate of foreign ownership of Toronto, Vancouver condos has risen: CMHC
The number of Canadian condominiums owned by foreign residents grew over the past year in Vancouver, Toronto and Winnipeg, says the Canada Mortgage and Housing Corp.
More Toronto condos owned by foreign residents
In Toronto, the rate of foreign ownership rose to 3.3 per cent this year, up from 2.4 per cent the year before.
Canadian Lenders Invest More in Rental Apartments Than Condo Construction, According to Survey
Due to increasing costs of land and household debts, Canadian lenders are now investing more in rental apartments than funding condo construction
Cooling housing market won’t be ‘knock-out’ punch to Canadian economy
Should the Canadian housing market slow down over the next two years the national economy will take a hit — but it will be a “glancing blow” not a “knock-out punch,” writes one economist.
