The rules will tackle the affordability problem buyers and renters are facing.
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The average sales price of a home in Canada reached $548,517 in March, up 8.2 per cent in a year.
By the time the public realizes it's a bubble, it's already over.
The province's finance minister fears speculators are crowding out actual homebuyers in southern Ontario.
"A little bit of air has been let out of the bubble."
Stephen Poloz doesn't think Toronto's housing market is sustainable.
There are still more expensive places than Toronto. Just not many.
It's all gone too far, too fast, they say.
"Kill the new condo market, kill the Ontario economy."
But Toronto's party is about to end, Ontario's fiscal watchdog warns.
Speculation in Toronto real estate is "a sign of a market bubble,” Realosophy says.
“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?"
"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."
"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.
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 ...
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 Rea...
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...
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 ...
This summer, Prime Minister Stephen Harper and Finance Minister Jim Flaherty took a regulatory hammer to Canada’s housing markets, causing condo sal...
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,...
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 feve...
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