Toronto housing slowdown reasons Bank of Canada showed The Bank of Canada found the prices of the housing market went up way out of affordability range for buyers. The Bank estimated. that between 2015 and 2018, the rising cost of home ownership would have lowered annual home sales nationwide by a hefty 56,000 […]
foreign buyer tax
Analysis of condo investors in Toronto, a new study reveals
What are the characteristics of the new pre-construction condo buyers in Toronto’s property market? These buyers buy out the most and best condo units in the condo building towers during the pre-sales period from the hundred of new condo builders across Toronto area. Close to 50 per cent (50%) of the mortgages then […]
Toronto home sellers and buyers are into waiting game in August, 2017
The real estate market is stalled and buyers and sellers are waiting to see what will happen when it comes back in September. “They’re not sure whether the market slowed down for the summer for normal, seasonal market reasons or whether we’re on a downward slope,” tells Mr. Kholodov, an agent. For now, it […]
Cooling Toronto housing market can be a return to normal, tell realtors
It could be the barely disguised frustration of sellers, who listed their homes this spring expecting to attract cut-throat bids from desperate, over-extended purchasers. Instead they are seeing fewer showings and fewer offers.Toronto area home costs dipped about 7 per cent in May, 2017 compared to April, 2017 but remained about 15 per cent […]
Toronto housing prices down slightly in May, 2017 but tight supply keeps prices up
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 […]