Toronto region home prices dipped slightly from April to May, 2017 — down $55,604 on average — but were still 15 per cent of the members higher than May 2016, as the supplying of resale house and condo listings rose 43 per cent of the members time over year. The average home cost last-place […]
Toronto Mortgage Posts
Toronto area home sales sink in May, 2017 after cooling actions
House sales fell 26 per cent in the Toronto region in May, 2017 after the Ontario government’s introduction of a foreign-buyer’s tax as many potential purchasers stepped back and waited to assess the market impact. In the 30 days after the province of Ontario announced the immediate introduction of a 15 -per-cent foreign-buyer’s tax on April 20, […]
Lack of homes to drive Toronto prices in 2017
A lack of homes for sale ought to be able to drive Toronto’s sizzling housing market to another year of double-digit price increases, the city’s real estate board told Tuesday. The Toronto Real Estate Board said the average price for all types of housing is forecast to rise to about $825,000 — up from […]
The problems of runaway house prices in Toronto
We need the facts about the extent to which foreign buyers are driving up real estate prices in Toronto. It’s time for the federal and provincial governments to collect the necessary data on the sale of housing to foreign-based buyers. Without reliable data and figures, it’s impossible to set policy, protect the dream of […]
Foreign buyers behind merely 5 per cent of Toronto home sales in 2016
Don’t blame overseas investors for the high price of housing in the Toronto area, tells the Toronto Real Estate Board (TREB). The board has released new research stating fewer than 5 per cent of the 113,133 residential real estate transactions in the Toronto region in 2016 involved foreign buyers. More than half of those foreign buyers were […]