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The Toronto Condo Market This Week – October 7, 2016

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Canada announces new measures to cool housing market and close loopholes for foreign buyers

Vancouver has become one of the world’s most unaffordable housing markets, with rich mainland Chinese flocking to the city in recent years under controversial wealth-migration programmes

Toronto area housing prices, sales volume soar in September: real estate board

Housing sales in the Toronto area continued to soar last month, with the average price rising 20.4 per cent from September last year to $755,755, the Toronto Real Estate Board reported Wednesday.

Hot Toronto real estate market means paying more, new mortgage rules could give you less buying power

In this hot Toronto real estate market where every penny counts, some buyers could find themselves with less borrowing power because of new mortgage rules set to take effect within two weeks.

Real estate board to monitor new rules as September house prices jump

The number of sales also rose 21.5 per cent, according to the Toronto Real Estate Board.