Toronto-area builders say they are simply running out of low-rise homes to sell. While much of the focus in the country’s largest housing market has been on existing home sales, which saw a 16.2 per cent year-over-year increase in prices in April, new home values continue to show no sign of slowing down. This […]
Toronto Business Posts
CMHC expects home building to slow, but prices to keep rising in 2016
Sales activity in both the existing and new home market is expected to slow down for the rest of this year in 2016 and into 2017, but price increases will continue, according to Canada Mortgage and Housing Corp. The Crown corporation, which advises the government on housing, says new home construction will range from […]
Why Canadians Don’t Want To Sell Their Homes – Real Estate Report Reveals
TORONTO — A new report suggests the red hot real estate markets in Vancouver and Toronto are discouraging some potential sellers from listing their homes because they’re afraid of becoming buyers themselves. The spring market trends report by real estate firm Re/Max on Thursday says while homeowners in those cities know their homes will […]
Toronto, Vancouver Face Housing Shortage Amid Warning Price Boom May ‘End Badly’
This is pretty much the last thing new home buyers in Toronto and Vancouver needed to hear. Toronto and Vancouver, Canada’s two hottest housing markets, are experiencing a shortage of homes coming onto the market, National Bank Financial notes in a new report. The supply of homes listed for sale in those two cities […]
Toronto condo rents jump, driven by higher prices
Rising prices for condominiums in the Greater Toronto Area are pushing rents higher and spurring development, a real estate consulting firm said Thursday. Toronto-based Urbanation said the average rental price for a condo in the first three months of 2016 in the Greater Toronto Area was up almost seven per cent when compared to […]
