The idea of a starter home may be a thing of the past in Toronto and Vancouver, as an increasing number of homeowners looking to “trade up” are finding themselves priced out of the market, according to a new report from the TD Bank Group. Chief Economist Beata Caranci says homeowners in Canada’s two […]
Toronto Real Estate Posts
Scotiabank curbs mortgages in Vancouver, Toronto as prices soar
Hot housing markets in Vancouver and Toronto prompted Bank of Nova Scotia to ease off on mortgage lending in those cities, Chief Executive Officer Brian Porter said. “We’re a little concerned about housing prices in the greater Vancouver area and Toronto,” Porter, 58, said Tuesday in an interview on Bloomberg TV Canada. “We just […]
Health Canada bans drug 100 times more powerful than fentanyl
Health Canada is banning the powerful street drug W-18, which it says can be 100 times more potent than fentanyl. The synthetic opioid is being added to the Controlled Drugs and Substances Act and classed as a restricted drug under federal regulations. That means production, possession, importation or exportation and trafficking of the drug […]
New homes prices in Toronto continue to push past $1 million
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 […]
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 […]
