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Canada Shows Signs of Housing Bubble, Bloomberg Reports in 2019

July 14, 2019 by Central Toronto Real Estate Blog

Canada Shows Signs of Housing Bubble, Bloomberg Reports in 2019

  Canada and New Zealand are the most vulnerable economies to a correction in house prices, with Australia and the U.K. also drawing concern, according to new research from Bloomberg Economics.   Seeking to build a “housing bubble dashboard,” economist Niraj Shah studied ratios of house prices to rent and income as well as inflation-adjusted […]

Filed Under: Toronto Buyer Posts, Toronto Mortgage Posts, Toronto News Posts, Toronto Real Estate Posts, Toronto Seller Posts Tagged With: central toronto real estate, correction in house prices, cost of housing, cost of housing compared with wages, cut interest rates, higher house prices, house prices, house prices to income, house prices to rent, household credit, housing bubble, housing bubble dashboard, housing bubbles, inflation-adjusted prices, monetary policy, tax on foreign buyers, toronto housing bubble, toronto real estate, Toronto Real Estate Housing Bubble

Central Toronto Real Estate TREB Released June, 2019 Resale Market Figures

July 7, 2019 by Central Toronto Real Estate Blog

Central Toronto Real Estate TREB Released June, 2019 Resale Market Figures

  Central Toronto Real Estate TREB Released June, 2019 Resale Market Figures   Toronto Real Estate Board (TREB) announced that Greater Toronto Area REALTORS® reported 8,860 sales through TREB’s MLS® System in June 2019, representing a 10.4 per cent increase compared to June 2018. Over the same time period, total new listings remained at a […]

Filed Under: Toronto Buyer Posts, Toronto Mortgage Posts, Toronto News Posts, Toronto Real Estate Posts, Toronto Seller Posts Tagged With: affordability, affordability crisis, affordable housing, affordable rental, allowable amortization periods, amortization periods, average market rent, average rents, average selling price, central toronto real estate, CMHC insured mortgages, condo affordability, condo appreciation, condo price growth, condo rental market, federally insured mortgages, home affordability, home ownership, home price growth, housing affordability, low inventory, market conditions, MLS Home Price Index, mortgage affordability, mortgage qualifying, mortgage stress test, new listings down in 2019, OSFI, OSFI stress test rules, qualify for home, qualify for mortgage, rental affordability, stress test, stress test rules, Strong buyer competition, Strong competition, Toronto housing affordability, toronto real estate, Toronto Real Estate Board, Toronto real estate board house prices, Toronto Real Estate Board Market News, Toronto Real Estate Board Market Watch, TREB MLS system

In Toronto From Renting To Owning A Condo Is Becoming Harder

June 11, 2019 by Central Toronto Real Estate Blog

In Toronto From Renting To Owning A Condo Is Becoming Harder

In Toronto From Renting To Owning A Condo Is Becoming Harder     In Toronto From Renting To Owning A Condo Is Becoming Harder     Runaway price growth for single-family homes is a thing of the past in Toronto and Vancouver today, thanks to rising interest rates and tougher mortgage rules. But with prices […]

Filed Under: Toronto Business Posts, Toronto Buyer Posts, Toronto Mortgage Posts, Toronto News Posts, Toronto Personal Finance Posts, Toronto Real Estate Posts, Toronto Seller Posts Tagged With: affordability, affordability erosion, affordability relief, affordability report, buying the condos, condo affordability, condo rentals, crisis levels, demand for condos, flat single-family home prices, home affordability, household income growing, housing affordability, housing affordability improved, interest rates, Lower interest rates, mortgage affordability, mortgage rules, owning an average condo, price gains, purpose-built apartments, rental demand to grow, Rental housing, rental housing units, renting a two-bedroom apartment, Renting To Owning, Renting To Owning A Condo, rising interest rates, Runaway price growth, sharper price gains, single-family home prices, single-family homes, stronger demand for condos, tight labour market, tougher mortgage rules, would-be homebuyers

Toronto is U.S. and Canada’s fastest-growing city, and that’s not good

June 11, 2019 by Central Toronto Real Estate Blog

Toronto is U.S. and Canada’s fastest-growing city, and that’s not good

    Toronto is U.S. and Canada’s fastest-growing city, and that’s not good   Torontonians could find themselves “doubling up” on housing with friends or relatives in the incoming years as the city’s breakneck population growth outstrips the supply of new housing, an urban planning expert is warning.   In an analysis published online this […]

Filed Under: Toronto Business Posts, Toronto Buyer Posts, Toronto News Posts, Toronto Real Estate Posts, Toronto Seller Posts Tagged With: affordability, affordability crisis, affordable homes, below market rates, Canada Mortgage and Housing Corp, condo affordability, diverse housing stock, doubling up, doubling up on housing, existing homeowners, falling house prices, fastest-growing city, fastest-growing city in the U.S. or Canada, higher interest rates, home construction, home sales slowdown, housing affordability, housing completions, housing crisis, housing demand numbers, Housing starts, Housing starts in Ontario, inclusionary zoning, interest rates, large condo buildings, low interest rates, low-rise neighbourhoods, mandate inclusionary zoning, market-priced units, more housing supply, mortgage affordability, mortgage interest rates, multi-unit buildings, NIMBY, North American recession, population growth, prefer low-rise housing, rent affordability, resale condos, resale condos better deal, serious housing crisis, single-family home neighbourhoods, supply of new housing, Toronto housing affordability, toronto housing interest rates, tripling up, urban planning expert, yellow belt

Central Toronto Real Estate TREB Released May, 2019 Resale Market Figures

June 11, 2019 by Central Toronto Real Estate Blog

Central Toronto Real Estate TREB Released May, 2019 Resale Market Figures

  Central Toronto Real Estate TREB Released May, 2019 Resale Market Figures     Toronto Real Estate Board President announced that Greater Toronto Area REALTORS® reported 9,989 transactions through TREB’s MLS® System in May 2019. This result represented a substantial increase of 18.9 per cent over the 15-year low in May 2018, Please note that […]

Filed Under: Toronto Buyer Posts, Toronto Mortgage Posts, Toronto News Posts, Toronto Real Estate Posts, Toronto Seller Posts Tagged With: affordability, affordability crisis, affordable housing, affordable rental, average rents, average selling price, central toronto real estate, CMHC insured mortgages, condo affordability, condo appreciation, condo price growth, condo rental market, federally insured mortgages, high demand, home affordability, home ownership, home price growth, investment property owners, lease for rental, low inventory, market conditions, MLS Home Price Index, mortgage affordability, mortgage qualifying, mortgage stress test, new listings, new listings down in 2019, new Rent control rules, OSFI, qualify for home, qualify for mortgage, rate of inflation, rent control, rent control provisions, rental market, rental vacancy rates, stress test, Strong competition, Toronto housing affordability, toronto real estate, Toronto Real Estate Board, Toronto Real Estate Board Market News, Toronto Real Estate Board Market Watch, Toronto Real Estate Market Conditions, TREB MLS system

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