Condo price increases more than detached homes with market rebounds in GTA in Dec, 2021 The соndо mаrkеt in Toronto tооk thе hardest hit оf any сіtу іn Cаnаdа whеn residents fled іn thе early days оf the раndеmіс. Listings ѕоаrеd, prices fell аnd a flood оf vacant unіtѕ sent rеntѕ downward. Nоw […]
price appreciation
Even Toronto’s Top 1 per cent Earners Are Priced Out Of Housing Market, BMO notes
Toronto’s runaway house prices could threaten the city’s economy if even the wealthiest 1 per cent of earners find themselves priced out of the market, as is now happening, the Bank of Montreal is warning. BMO Chief economist Douglas Porter crunched the numbers and found that someone earning $225,000 a year — right at […]
The problems of runaway house prices in Toronto
We need the facts about the extent to which foreign customers are driving up real estate costs in Toronto. It’s time for the federal and provincial governments to collect the necessary data on the sale of housing to foreign-based buyers. Without reliable facts and figures, it’s impossible to define policy, protect the dream of […]
Foreign buyers account for only 5 per cent of Toronto home sales in 2016
Don’t blame overseas investors for the prices of housing in the Toronto area, says the Toronto Real Estate Board (TREB). The board has announced the result of a new research indicating fewer than 5 per cent of the sales of the 113,133 residential real estate transactions in the Toronto region in 2016 involved foreign buyers. More […]
Toronto condo buyers face the market squeeze
One of the interesting surprises of the resale marketplace in 2016 in the Greater Toronto Area was the strength of the condo market. The lack of listings in the single-family home category persuaded many potential purchasers to take another look at high-rise living. The trend appears to be continuing in 2017. In 2016, sales […]
