Is the Toronto housing bubble over? Probably not. But the real estate market in Canada's biggest city has definitely cooled off in recent weeks. HuffPost Canada business editor Daniel Tencer lists why he thinks this is the case. Two of the signs he spotted: Sales are down and listings are up.
It's a feeling that's echoed by Toronto realtor Melanie Piche's blog post. The Toronto market seems to have taken a bit of a pause after Queen's Park introduced laws to slow down the runaway housing market. It remains to be seen how long this situation will last. The post also includes some reasonable tips for buyers and sellers alike.
Young and want to buy a home? Maybe you should stop burning your money on avocado toasts and fancy coffees. That's the "wise" financial advice doled out by Australian real estate mogul Tim Gurner earlier this week. Gurner's comments inspired a flood of posts, avocado toast calculators and no shortage of eye-rolling. BTW, our friends at Global crunched the numbers and the average millennial would have to skip their daily avocado repast for 11 years to afford a down payment on a home in Vancouver.
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On HuffPost Canada
Overvalued houses and too much home construction mean Canada has a 30-per-cent chance of a housing bust within two years, New York-based investment bank Goldman Sachs says in a new research note. Read more.
Here’s something a little different: A home in the Vancouver suburb of Coquitlam is on sale on Craigslist. The asking price? A measly-sounding 2,099 bitcoin. Read more.
Hong Kong has figured out how to save the shopping mall.
Toronto’s hot market is driving up prices in cities like Oshawa, Barrie.
Is Ontario planning on getting rid of the Ontario Municipal Board?
Inside a Vancouver commune.
CBC looks at a trio who join condo boards for some suspicious reasons.
“When I was trying to buy my first home, I wasn’t buying smashed avocado for $19 and four coffees at $4 each.”
— Tim Gurner, Real Estate Mogul
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