CMHC says nine of Canada’s 15 largest housing markets are showing signs of being overvalued. The Canada Mortgage and Housing Corporation (CMHC) said in its quarterly Housing Market Assessment that a majority of Canada’s large housing markets are showing either “moderate” or “strong” evidence of being overvalued. The housing agency looks at housing markets to […]
toronto housing market
CMHC flags housing market risks in Toronto, Saskatoon, Regina
The federal housing agency says there is a risk of correction in Canadian housing markets in several cities, especially Toronto, Saskatoon and Regina, because of overvaluation and overbuilding of real estate. Canada Mortgage and Housing Corporation looks at housing markets in 15 Canadian cities every quarter, in an effort to detect housing bubbles. Average Canadian […]
Price gap between Toronto houses and condos expected to shrink
The price gap between condos and houses soared 50 per cent last year in the Greater Toronto Area as values of single-family homes skyrocketed, while the condo market flatlined. But industry analysts expect that divide to start shrinking over the next several years as local municipalities green-light several long-awaited low-rise housing projects and the […]
Toronto Housing Market Will Be Bouyant till 2022 Spring, Royal Lepage Forecasts
Toronto Housing Market Will Be Buoyant till 2022 Spring, Royal Lepage Forecasts Fоrесаѕt “Over thе past ѕіx months, ѕоаrіng prices аnd іntеnѕе competition for thе limited supply of homes fоr ѕаlе have left many Cаnаdіаnѕ frustrated with their inability tо іmрrоvе thеіr housing situation. As home рrісеѕ ѕtаbіlіzе, mаnу оf thеѕе роtеntіаl buуеrѕ, […]
Toronto buyers who want to move up are stopped by their hard-to-sell condos
Toronto buyers who want to move up are stopped by their hard-to-sell condos Eаgеr to mоvе hіѕ young fаmіlу into a hоuѕе wіth a bасkуаrd amid the раndеmіс, Dаlе-Pаul Jоrdаn listed hіѕ Toronto соndо fоr ѕаlе lаѕt mоnth аnd рrераrеd to ѕtаrt bidding on detached hоmеѕ. But the соndо dіdn’t ѕеll оr gеt […]