Toronto homebuyers should not expect the frantic pace and blistering prices of the housing market to continue, warns the head of the Bank of Canada. “Prospective homebuyers and their lenders should not extrapolate recent real estate performance into the future when contemplating a transaction,” Stephen Poloz said Thursday with the release of the bank’s […]
Toronto Real Estate Posts
High house prices making home ownership in Toronto and Vancouver unaffordable
Soaring home prices in Toronto and Vancouver are testing levels of affordability not seen since the early 1990s, when the country was in a recession and mortgage rates were north of 10 per cent. “In Toronto, we’re not as bad as 1990, but we’re not that far from it either,” said Robert Hogue, senior […]
592 Manning Ave., Toronto – Sold Price $1,820,000
592 MANNING AVE., TORONTO ASKING PRICE $1,488,800 SELLING PRICE $1,820,000 PREVIOUS SELLING PRICE $908,888 (2014) TAXES $5,281 (2015) DAYS ON THE MARKET 3 The Action: In mid-April, 2016, Little Italy had a small but steady stream of properties available, so this updated, semi-detached Victorian across from Harbord Collegiate Institute was staged in an extra effort […]
GTA home sales record in May, 2016 – Toronto Real Estate Board
The GTA real estate market remains as hot as ever, with the region setting a new May, 2016 sales record with more than 12,000 homes sold, according to the Toronto Real Estate Board. Figures released Friday show a 10.6 per cent increase in sales over the same period last year, despite the fact that the number […]
Canada’s housing shows some cooling signs after long boom years
In 2016, seven (7) years into a Canadian housing boom that many have warned will end in a bust, there are signs of a sales slowdown in Toronto and Vancouver, the two hottest cities, with some economists and real estate agents saying the peak has passed. A cooling of sales activity in Toronto and […]
