Aspiring buyers in Toronto’s real estate market in May were contending with prices about 15 per cent higher than they were last year at this time. No wonder bidding war fatigue is beginning to permeate the market. Some agents and buyers are wilting, Mr. Silver says. “Multiple offers seem to be lessening – not due […]
toronto real estate
Summer slowdown is not expected in Toronto’s heated real estate market
Toronto-area homeowners who are thinking of selling their properties may not need to wait for the traditional fall market. “I think it’s going to be busy all through the summer,” Mr Rocca says. Mr. Rocca says activity is cooling a little as the end of the school year approaches but the buyers are still roaming. […]
Goodbye Freedom 55 – More Canadians keep working well after age 65
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 […]
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 […]