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The Toronto Condo Market This Week (December 4, 2015)

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toronto condo market news piece

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.