Some of Canada’s top bankers are so worried the housing market has grown out of control that they are urging the government to make it harder for them to lend out mortgages. In toronto real estate, critics say the bankers’ proposal to end five-per-cent minimum down payments on insured mortgages wouldn’t cool off the heated […]
toronto real estate
Toronto existing homeowners may suffer ‘buyer gridlock’ and may not afford to move up
In toronto real estate, skyrocketing housing prices are now preventing even existing homeowners from being able to move-up into a new home. While much has been made of the plight of first-time homebuyers who have to contend with lack of affordability in both markets, TD Economics notes that higher prices are now locking out those […]
68 Balmoral Ave., Toronto – Summerhill area house sold attracting 3 pre-emptive offers
68 Balmoral Ave., Toronto ASKING PRICE $1,050,000 SELLING PRICE $1,225,000 PREVIOUS SELLING PRICE $465,000 (2001) TAXES $6,130 (2016) DAYS ON THE MARKET 3 The Action: This two-storey row house sits on the south side of St. Michael’s Cemetery on a 15-by-107-foot lot. The prime Summerhill location prompted three pre-emptive offers earlier this year […]
218 Queens Quay W., Toronto – large condo with Harbourfront location sold
218 Queens Quay W., No. 1602, Toronto ASKING PRICE $685,000 SELLING PRICE $730,000 TAXES $3,609 (2015) DAYS ON THE MARKET Three The Action: Last year, the Waterclub community had three 2-bedroom suites for sale simultaneously, so this upper-level version didn’t fare well for months sharing the spotlight. To give it a second […]
6 Interesting Facts To Know About Toronto’s Real Estate Market
© Provided by Fool office-building_16-9 Toronto’s real estate market continues to defy gravity. May was another record-setting month with 12,870 home sales reported by Toronto-area realtors. Prices inside the city of Toronto hit an average of $782,051, an increase of 8.95% compared with the same month in 2015. The rest of the Greater Toronto […]
