Toronto Housing Market

$36M Toronto Penthouse Is Over-The-Top In Every Way

HuffPost Canada | Maham Abedi | Posted 04.27.2017 | Canada Business

From its amenities to its backstory.

Canadians' Confidence In Housing Hits Record High

The Huffington Post Canada | Daniel Tencer | Posted 04.24.2017 | Canada Business

But confidence in personal finances is on the decline.

Burnt Toronto House Is Unsafe To Enter And On Sale For $599K

The Huffington Post Canada | Maham Abedi | Posted 04.04.2017 | Canada Business

The home is being sold with "no warranties whatsoever."

The Inevitable Rise Of High-Density Low-Rise Living

YPNextHome | Posted 04.04.2017 | Canada Living
YPNextHome

For the doubters out there, Toronto's housing landscape is proof that Darwin's theory of evolution is, in fact, the real deal. As single-detached houses join the list of endangered species here in the 416, we're seeing the emergence of new forms of high-density housing, made to survive this storm of rising prices and dwindling supply, all by virtue of their very design.

Toronto May Need Gov't Help To Cool Housing Prices: Scotiabank

CP | The Canadian Press | Posted 04.04.2017 | Canada Business

James O'Sullivan said the Toronto housing market is one that policy-makers should be most concerned about.

Tax House-Flippers, Toronto Urged As Prices Forecast To Soar Again

The Huffington Post Canada | Daniel Tencer | Posted 03.21.2017 | Canada Business

“The longer this market runs hot, the greater the risks to the Ontario economy."

Housing Affordability In The GTA: Builders Give Their Two Cents

YPNextHome | Posted 03.21.2017 | Canada Business
YPNextHome

The Toronto housing market has become a pipe dream for the average homebuyer. How did it get to this point, what are the consequences and is there a solution?

Even Toronto's 1% Are Being Priced Out Of Housing Market: BMO

The Huffington Post Canada | Daniel Tencer | Posted 03.17.2017 | Canada Business

“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."

Happy Birthday, Toronto. Here's Why We Love You

YPNextHome | Posted 03.06.2017 | Canada Business
YPNextHome

As The Six turns 183 young on Monday, we wanted to take this opportunity to give some credence to the cliche that Torontonians really are at the centre of the universe. Here's why we love Toronto, and why people will continue to flock here in search of "home."

Scotia: Toronto, Vancouver Housing Headed For Correction

CP | Alexandra Posadzki, The Canadian Press | Posted 02.28.2017 | Canada Business

"Trees don't grow to the sky and markets will correct at some stage here."

Why The Urban-Suburban Debate Rages On For Home Hunters

YPNextHome | Posted 01.12.2017 | Canada Business
YPNextHome

An old saying rings true today, more than ever: drive till you qualify. But with the suburbs gaining speed in price appreciation, how far is too far?

Toronto Luxury Home Sales Soar Almost 100% In A Year

CP | Alexandra Posadzki, The Canadian Press | Posted 01.11.2017 | Canada Business

Interest rates are low, employment is high.

How Weak Housing Supply Is Worsening Housing Affordability

Murtaza Haider | Posted 01.03.2017 | Canada Business
Murtaza Haider

The slump in new housing construction in the GTA, which is the worst observed in the past 15 years, can be addressed if one were to understand the fundamental axioms of urban economics. The land is a heterogeneous good whose fertility (profitability) varies widely over space. The provision of low productivity land in undesirable remote places does not qualify as land supply.

Can't Afford A Home In Toronto Or Vancouver? Do This Instead.

CP | David Hodges, The Canadian Press | Posted 12.18.2016 | Canada Business

Here are three alternatives to buying a home in a big city.

Soaring Prices Can't Stop Toronto's Record-Breaking Home Sales

CP | Alexandra Posadzki | Posted 11.03.2016 | Canada Business

And they happened as new mortgage rules came in.

Toronto Housing Sales Soar While Vancouver's Plummet

CP | David Paddon, The Canadian Press | Posted 10.05.2016 | Canada Business

Extensive condo building in Toronto has brought supply closer to demand, but availability remains tight, an expert said.

Ontario Could Tax Foreign Homebuyers Because 'Everyone Else Is'

The Huffington Post Canada | Jesse Ferreras | Posted 09.19.2016 | Canada Business

"[Ontario] doesn't have a choice."

Here's The Income You Need To Buy An Average Home Across The GTA

TheRedPin | Posted 08.15.2016 | Canada Business
TheRedPin

The old real estate tenet "don't buy a house more than three times your income" has little merit in today's market. Between the trifecta of record low borrowing costs, monumental price gains and a dire lack of supply across the Greater Toronto Area, working out how much you can afford to spend on your dream home isn't exactly clear.

Foreign Buyer Tax Will Make Government Rich, But Won't Fix Housing

Ike Awgu | Posted 08.11.2016 | Canada Business
Ike Awgu

The government of B.C.'s decision to impose a 15 per cent hike in Land Transfer Taxes for foreigners who buy real estate in metro Vancouver will do almost nothing to lower high housing prices. It will, however, generate even more money for a government that has already profited enormously from foreign nationals.

Money Laundering Is Inflating Canadian Real Estate Prices

Ike Awgu | Posted 06.07.2016 | Canada Business
Ike Awgu

A money launderer and wealthy entrepreneur from abroad may both be considered "Foreign Investors" with similarly disparate outcomes. A great deal of the former (money launderers) are infiltrating a porous Canadian financial system to purchase real estate in Vancouver and Toronto and have contributed to the out of control housing prices in both cities.

This Is How Much The Average Home In Toronto Now Costs

CP | The Canadian Press | Posted 03.03.2016 | Canada Business

Sales in February rose 21.1 per cent over last year.

Toronto, Vancouver Luxury Home Sales Continue To 'Defy Gravity'

CP | Brian McKenna, The Canadian Press | Posted 03.04.2017 | Canada Business

The realtor says the Greater Toronto Area will lead the $1-million-plus residential real estate market, with continued sales gains and price escalation.

Canadians Carrying Consumer Debt In 2016 Face Tough Odds

Douglas Hoyes | Posted 01.05.2017 | Canada Business
Douglas Hoyes

If you are playing with debt in 2016, you have to hope that everything remains stable -- your job, your health, your interest costs, even your relationship. However, based on my experience, if you are in the at-risk category, the odds are against you.

This Is When TD Bank Says House Prices Will Fall In Ontario, B.C.

The Huffington Post Canada | Daniel Tencer | Posted 10.14.2015 | Canada Business

In Toronto and Vancouver’s hot housing markets, affordability is “becoming a growing challenge for many individuals and families,” Royal LePage ...

'Malice And Forethought': Competition Bureau vs. Toronto Realtors

CP | Alexandra Posadzki, The Canadian Press | Posted 09.22.2016 | Canada Business

TORONTO — A lawyer for the Competition Bureau says the Toronto Real Estate Board is stifling digital innovation and lessening competition by prohibi...