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Measures to promote supply are needed, but the resulting new-build supply won't be cheap.
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Sales fell 20.3 per cent last month, but prices are still higher than a year ago.
Chestnut Park Real Estate
Is the beginning of the end for Toronto's long-running housing boom?
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From its amenities to its backstory.
But confidence in personal finances is on the decline.
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The home is being sold with "no warranties whatsoever."
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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.
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James O'Sullivan said the Toronto housing market is one that policy-makers should be most concerned about.
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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?
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“The longer this market runs hot, the greater the risks to the Ontario economy."
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“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."
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."
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"Trees don't grow to the sky and markets will correct at some stage here."
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?
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Interest rates are low, employment is high.
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.
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Here are three alternatives to buying a home in a big city.
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And they happened as new mortgage rules came in.
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Extensive condo building in Toronto has brought supply closer to demand, but availability remains tight, an expert said.
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"[Ontario] doesn't have a choice."
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.
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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.
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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.
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Sales in February rose 21.1 per cent over last year.
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The realtor says the Greater Toronto Area will lead the $1-million-plus residential real estate market, with continued sales gains and price escalation.
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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.
In Toronto and Vancouver’s hot housing markets, affordability is “becoming a growing challenge for many individuals and families,” Royal LePage noted in a new report. Buying any type of residential pr...
TORONTO — A lawyer for the Competition Bureau says the Toronto Real Estate Board is stifling digital innovation and lessening competition by prohibiting its realtor members from posting an array of da...
TORONTO — A new report from the Canada Mortgage and Housing Corporation says Toronto, Regina and Winnipeg face a high risk of a housing correction due to a combination of factors including overvalued...
Trolleybus Urban Development
The bank predicts that rate hikes from the central bank, which is expected to raise its trend-setting overnight interest rate next year, are likely to erode affordability.
This is how some Toronto homeowners respond to the onset of density.
TORONTO - High-end homes are being snapped up increasingly fast in Toronto, named the world's hottest luxury real estate market in a new report that looks at where the wealthy choose to live.The repor...