Some of Canada’s top bankers are so worried the housing market has grown out of control that they are urging the government to make it harder for them to lend out mortgages. In toronto real estate, critics say the bankers’ proposal to end five-per-cent minimum down payments on insured mortgages wouldn’t cool off the heated […]
Toronto Buyer Posts
Toronto existing homeowners may suffer ‘buyer gridlock’ and may not afford to move up
In toronto real estate, skyrocketing housing prices are now preventing even existing homeowners from being able to move-up into a new home. While much has been made of the plight of first-time homebuyers who have to contend with lack of affordability in both markets, TD Economics notes that higher prices are now locking out those […]
6 Interesting Facts To Know About Toronto’s Real Estate Market
© Provided by Fool office-building_16-9 Toronto’s real estate market continues to defy gravity. May was another record-setting month with 12,870 home sales reported by Toronto-area realtors. Prices inside the city of Toronto hit an average of $782,051, an increase of 8.95% compared with the same month in 2015. The rest of the Greater Toronto […]
Learn from the anatomy of a housing bubble
Every 20 years or so, investor dementia sets in. Memories are wiped clean, allowing individuals to make the same mistakes over and over again. It doesn’t matter if it is real estate markets, stock markets, commodity markets, or tulip markets (I’ll get to this later). They are all the same. Why? Because markets are a reflection […]
Toronto home buyers change tactics facing bidding war
Aspiring buyers in Toronto’s real estate market in May were contending with prices about 15 per cent higher than they were last year at this time. No wonder bidding war fatigue is beginning to permeate the market. Some agents and buyers are wilting, Mr. Silver says. “Multiple offers seem to be lessening – not due […]