Multiple metrics show rate increases aren't slowing down home sales.
Bank of Canada
The average price has declined by $175,000 since its peak earlier this year.
Chris So via Getty Images
A strong economy can't explain the Toronto region's house price growth, the bank says.
Andrew Francis Wallace via Getty Images
Toronto is no longer a "seller's market" and is now "in balanced territory."
Allard Schager via Getty Images
The rules will tackle the affordability problem buyers and renters are facing.
The average sales price of a home in Canada reached $548,517 in March, up 8.2 per cent in a year.
Guido Rosa via Getty Images
The province's finance minister fears speculators are crowding out actual homebuyers in southern Ontario.
Bloomberg via Getty Images
By the time the public realizes it's a bubble, it's already over.
Canadian Press/Fred Chartrand
"A little bit of air has been let out of the bubble."
Stephen Poloz doesn't think Toronto's housing market is sustainable.
Canadian Press/Frank Gunn
There are still more expensive places than Toronto. Just not many.
It's all gone too far, too fast, they say.
Mark Blinch / Reuters
"Kill the new condo market, kill the Ontario economy."
mikeinlondon via Getty Images
But Toronto's party is about to end, Ontario's fiscal watchdog warns.
Hyungwon Kang / Reuters
Speculation in Toronto real estate is "a sign of a market bubble,” Realosophy says.
Canadapanda via Getty Images
“It will be incredibly tough to attract talented folks ... if they will struggle to buy a home and yet still pay taxes of over 50 per cent."
The last time a bubble burst in Toronto, prices fell for seven years.
"How would you feel if someone else were to buy it before you?"
juliannafunk via Getty Images
"Trees don't grow to the sky and markets will correct at some stage here."
"Toronto and any city that is remotely within commuting distance are overheating, and perhaps dangerously so."
DeepDesertPhoto via Getty Images
"The supply of homes for sale today in the region is not meeting the demand we're seeing from home buyers."
Toronto home sales caught fire in the first half of May, but at this frenzied pace, homeowners better hope that fire doesn’t burn everything down. The latest numbers from the Toronto Real Estate Board...
It’s no secret that Toronto has one of the developed world’s most hyperactive housing markets right now. The city is the undisputed leader in North America for high-rise construction, an impressive (...
TORONTO - The number of homes sold last month in the Toronto area was down about 15 per cent from the same time last year.The Greater Toronto Area Realtors association says there were 5,759 sales thro...
TORONTO — Toronto-area real estate agents have had a stronger start to the new year than last January but activity was slower than in the first half of December. The local real estate association repo...
It was another confusing month in Toronto’s booming — or is it crashing? — housing market, with home sales dropping a precipitous 19.5 per cent year on year in December even as average prices shot up...
This summer, Prime Minister Stephen Harper and Finance Minister Jim Flaherty took a regulatory hammer to Canada’s housing markets, causing condo sales to plummet in Toronto, and sinking Vancouver hous...
A slowdown is coming to Canada’s construction industry, thanks to the cooling housing market, says a new report from the Conference Board of Canada, and the result of that could be a significant spike...
House sales in Toronto experienced a 70-per-cent collapse in August, the trade industry group BILD reports. The news comes as debate reaches a fever pitch over whether Toronto’s housing market is in t...
Vancouver’s housing bubble is more extreme today than California’s was a few years ago, says one of the U.S.’s most renowned housing market analysts. Robert Shiller, co-creator of the Case-Shiller Ind...
Flickr: Shiny Thins
Whether Canada’s real estate market is among the strongest and most resilient in the world, or whether it is on the precipice of a major correction, now largely depends on whom you ask. A majority of...
TORONTO - Standard & Poor's Ratings Services has revised its outlook from stable to negative on seven Canadian banks over concerns about unsustainably high home prices and consumer debt levels.The New...