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The Toronto Condo Market This Week (January 8, 2016)

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toronto condo market news january 8 2016

5 reasons Toronto house prices won't crash in 2016

After the Greater Toronto Area’s record year in 2015 for both the number of homes sold and the average price, the question is: when will it all come crashing down? The answer: not in 2016. Here are five reasons why this won’t be the year of Toronto’s housing collapse.

Businesses in ‘ghost town’ condo mall suing developer Canderel Residential

Optician Alfred Wong says he was misled into thinking he was making a smart investment when he bought a retail condo unit in the underground mall of the 80-storey Aura building, just north of Yonge and Gerrard.

Greater Toronto Area’s home sales surge to record heights in 2015

Across the Greater Toronto Area, annual existing home sales rose above 100,000 for the first time last year, the Toronto Real Estate Board reported. Annual sales hit 101,299, up 9.4 per cent from 2014. Average prices rose 9.8 per cent.

Many Canadian households ‘utterly unprepared’ for rate hike: economist

A slight increase in interest rates is all it would take to spell serious trouble for many Canadian households too accustomed to the current low levels, an economist at a global economic research firm is warning.

Canada among top countries for stable real estate investment: survey

Canada remains a safe bet for investors in the global property game, the results of a new survey from the Association of Foreign Investment in Real Estate (AFIRE) suggest.