Toronto real estate market is more competitive than ever, with home prices continuing to rise in major cities. In fact, a recent TD survey found 19% of new homeowners in cities such as Vancouver and Toronto listed their fear of being priced out of the market as a top consideration before making buying their […]
Toronto Buyer Posts
Housing Too Hot In Toronto, Vancouver In April, 2016
In Toronto and Vancouver, home prices are soaring and continuing to raise the bar on home ownership, says the latest Housing Trends and Affordability Report issued by RBC Economics Research. “There are few signs that housing affordability is problematic elsewhere in Canada,” says Craig Wright, RBC chief economist. “Homes in other markets remain affordable, with the situation […]
Toronto, Vancouver slow down in March, 2016 but Canadian home sales hit record – CREA
TORONTO — A record number of homes were sold across the country in March, although the Vancouver and Toronto markets saw sales declines from the previous month, the Canadian Real Estate Association said Friday. March was the first full month for new federal mortgage rules primarily aimed at reducing buyers’ appetite for expensive properties […]
Two-thirds of millennials expect to afford a Toronto-area home, study suggests
Toronto’s hot housing market hasn’t torched the home ownership dreams of first-time buyers. About two-thirds of millennials in the Toronto area expect to own their own home, according to a survey by Pollara for Bank of Montreal being released Wednesday. That’s despite a higher average purchase price of $465,000 in Toronto, compared to the […]
Don’t be a casualty of bidding wars in buying Toronto house in hot spring market
A century-old detached house in Toronto’s emerging Leslieville neighbourhood recently sold for $1.04-million, $140,000 more than the asking price of $899,999. From these numbers alone, anyone who has recently tried buying real estate in Canada’s largest city will know why that happened: a bidding war. With the Leslieville example just the tip of the iceberg, […]
