At 76, thoroughbred horse trainer Roger Attfield has no interest in retiring. “There’s an old saying that racehorse trainers don’t retire, they just die,” said Attfield with a laugh. For almost five decades, Attfield has been starting his day at 5:30 a.m., often working seven days a week training horses at Toronto’s Woodbine Racetrack. In […]
Toronto Real Estate Posts
When real estate bubble bursts in Toronto, Vancouver, it will affect the rest of Canada
Buoyed by red-hot markets in Vancouver and Toronto, the country’s overall housing market may appear to be on fire but in reality real estate is slumping in Quebec City, Halifax, Calgary and Edmonton, where houses prices are down. “The reason is their economies are incredibly flat and you will see housing really start to […]
Canada’s banks sound the housing bubble alarm, finally
After years of pumping money into the country’s frothiest housing markets, Canada’s big banks are suddenly—and alarmingly—nervous about the debt-fuelled monster they’ve helped to create. In the span of a few days this week and last, several big-bank CEOs and chief economists let loose a flurry of warnings about surging home prices in Vancouver […]
Toronto market is in a bubble, an expanding bubble, and it is likely to end in tears
The Canadian and Toronto housing market just keeps getting hotter. Home prices in the Greater Vancouver area have surged 30% year over year in May, up from 15% at the end of 2015, according to the bank’s June 2016 Financial System Review. Meanwhile, prices in the Greater Toronto area are growing by 15% YoY, […]
