Tag Archive for Tag: Toronto Real Estate Boom

Tag: Toronto Real Estate Boom Vancouver’s Housing Market is Gloomy – Yet Unaffordable For Household Incomes Of $120,000 Yearly

  Vancouver’s Housing Market is Gloomy – Yet Unaffordable For Household Incomes Of $120,000 Yearly   The housing numbers out of Vancouver, once among the world’s hottest real estate markets, are getting more dismal with each passing month.   Sales in April, 2019 were the lowest in 24 years for a month that typically kicks off the busy spring homebuying season. Benchmark prices are down 8.7 per cent from their peak in mid-2018 and the number of homes sitting on the market has ballooned by nearly half, according to the Real Estate Board of Greater Vancouver.   Yet those awaiting

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Tag: Toronto Real Estate Boom A Toronto Home Makes A Great Long Term Investment

  A Toronto Home Makes A Great Long Term Investment   Did you know 98% of homeowners continue to say that their most recent home purchase was for them to live in rather than as an investment to rent out? A home is the only investment you can live in while it grows in value.   Please check out this handy infograph below to discover more key statistics surrounding home ownership.     TREB created this infograph as a resource to give you a better understanding of how a home is a sound, long-term investment, not only for buyers, but

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Tag: Toronto Real Estate Boom Toronto home sales continue to decline, sign to a return to normal market

    Toronto real estate market has seen the effects of a confluence of policies: Ontario’s Fair Housing Policy, including a foreign buyers’ tax aimed at cooling the market; a new mortgage stress test targeted at protecting Canadians from dangerously high household debt levels; and the Bank of Canada’s moves to increase interest rates.   The Ontario government needed to act to cool the over-heated market when it peaked at more than 30 per cent year-over-year price growth last April, 2017..   If the government’s policy target was to increase affordability of buyers, that has not happened yet. The short

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Tag: Toronto Real Estate Boom Toronto Detached Home Prices Down $200,000 From June, 2017

  Toronto’s detached home is having another rough month. Numbers from the Toronto Real Estate Board( TREB) has been demonstrated that purchaser indecision and substantial downward pressure to the detached home segment in July, 2017. Generally speaking, detached homes across TREB market area demonstrated lower prices, less sales, and more inventory.   Prices Down Up To $205,000 From June, 2017 Detached home prices remain in positive field, but there are indication of big declines. The benchmark price, the price of a typical detached house, fell to $963,900 across TREB, a 6.16% reduction from the month before. This price is still

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Tag: Toronto Real Estate Boom Toronto’s deflating house sales shown, in one chart

  Home sales in Canada’s largest city slowed down for the third month in a row, according to numbers released from the Toronto Real Estate Board. That came as new listing increased nearly 16 per cent, and as active listings surged over the year before. The median residence price still went up 6.3 per cent on the year, but that’s well off the blistering annual tempo of only a few months ago.   The June numbers delivered further evidence that the raft of new measures implemented by the Ontario government in April–from a new foreign buyers tax to lease controls–are

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Tag: Toronto Real Estate Boom Cooling Toronto housing market could be a return to normal, state realtors

  It could also 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 prices dipped about 7 per cent in May, 2017 compared to April, 2017 but remained about 15 per cent higher over year averaging $863,910.     Even as the market has soared, there were some month-to-month price drops-off, said Jason Mercer, Director of market analysis for the Toronto Real Estate Board( TREB ), which published its month-end May, 2017 statistics on

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