Toronto Housing

$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.

‘Government-Induced Land Shortage' Caused Toronto Housing Crisis: Study

The Huffington Post Canada | Daniel Tencer | Posted 04.25.2017 | Canada Business

Land use rules mean Toronto built too many condos, too few single-family homes.

Government Interference Won't Fix Canada's Real-Estate Woes

Ike Awgu | Posted 04.04.2017 | Canada Business
Ike Awgu

Both the housing dilemma and the rental dilemma - two problems connected at the hip - have the same solution: an increase in supply. And in time, so long as there is no government interference designed to spare the market from bubbles that grow too large and pop on their own, the system will re-balance and recover.

Does Canada Have An Empty Homes Problem?

Ben Myers | Posted 03.20.2017 | Canada Business
Ben Myers

Every five years, statisticians, analysts and economists eagerly await the slow release of Census data by Statistics Canada. In early February the population and dwelling count tables were released. The figures that immediately caught the attention of the public was the difference between the total dwellings and dwellings "occupied by usual residents."

I Was Blinded To Toronto's Dark Real Estate Future

Toronto Storeys | Posted 03.13.2017 | Canada Living
Toronto Storeys

Perhaps it's time to think about what current housing statistics mean to future home buyers. What it means for our children. Like many in my generation, I have enjoyed the warm glow of the rising market, with little regard for the darker, colder market we are creating for the next generation. I've cheered the price increases on my street, and celebrated the theoretical boost to my bottom line.

Vancouver's Middle Class Can Buy Less House Than Almost Anyone Else

The Huffington Post Canada | Daniel Tencer | Posted 01.23.2017 | Canada Business

Only in Sydney and Hong Kong do you get less bang for your housing buck.

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.

2016 Was A Record-Breaking Year For Toronto-Area Realtors

CP | The Canadian Press | Posted 01.05.2017 | Canada Business

A strong regional economy, low unemployment, and low borrowing costs kept home sales strong in the GTA, according to the real estate board's president.

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 House Prices Could Mean A New Kind Of Aristocracy: Economists

The Huffington Post Canada | Daniel Tencer | Posted 12.07.2016 | Canada Business

In a market where you need your parents' help to buy a house, only those whose parents own a house can buy.

Toronto's Middle Class Is About To Be Priced Out Of The Condo Market

The Huffington Post Canada | Daniel Tencer | Posted 12.04.2016 | Canada Business

Loosen restrictions and let more homes be built, industry says.

If Toronto & Vancouver Are ‘Superstar Cities,' Get Ready To Rent

The Huffington Post Canada | Daniel Tencer | Posted 11.29.2016 | Canada Business

Toronto and Vancouver are joining an elite club of cities where many can't afford to buy housing.

What Makes Someone Become A NIMBY?

YPNextHome | Posted 11.18.2016 | Canada Business
YPNextHome

NIMBYism isn't just about anti-development. It can be viewed as "anti-change," and its ripple effect is far-reaching. What happens when cities stop attracting new residents and business? Let's just say that aging populations and infrastructure typically do not support growth.

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.

NIMBYs Should Say 'Yes' To Development In Their Backyard

YPNextHome | Posted 10.25.2016 | Canada Business
YPNextHome

If you're lucky enough to own a small slice of the GTA's pricey property pie, you could find yourself among those vehemently opposed to any new development in their neighbourhood. After all, established Toronto hot spots like The Annex, Bloor West Village and Mount Pleasant are full, right? But here's the problem.

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."

Vancouver And Toronto Housing Markets Headed In Opposite Directions

CP | The Canadian Press | Posted 08.30.2016 | Canada Business

Vancouver softens and Toronto looks to maintain its momentum.

RBC Keeping A Close Eye On Housing In Vancouver, Toronto

CP | Alex Posadzki, The Canadian Press | Posted 08.24.2016 | Canada Business

"The short supply of single-family homes ... coupled with strong demand" is something to watch.

Detached Homes In Toronto Are About To Become Unattainable

TheRedPin | Posted 07.20.2016 | Canada Business
TheRedPin

With prices at record highs, several industry insiders are speculating detached homes will soon be unattainable, pushing would-be buyers further toward more affordable options. Namely stacked townhomes and condo apartments -- even in the suburbs.

Can Government Intervention Cool The Housing Market?

Ben Myers | Posted 06.29.2016 | Canada Business
Ben Myers

Housing markets in Toronto and Vancouver are extremely hot, and average prices are skyrocketing. Every new data release, real estate report, and housing related comment is scrutinized, debated and analyzed in painstaking detail. A red flag is raised, an alarm bell is sounded, a stern warning is issued or extreme caution is urged by both domestic and international housing analysts and economists almost daily. How does this end?

Housing Sales Slowing In Canada's Hottest Markets. Prices Are Not.

The Huffington Post Canada | Jesse Ferreras | Posted 07.05.2016 | Canada Business

But somehow, prices keep going up.

$1.17 Million, And Rising

CP | The Canadian Press | Posted 04.06.2017 | Canada Business

Toronto house prices jump 12% in a year.

Historic Toronto Home Going For $1

The Huffington Post Canada | Jessica Chin | Posted 03.16.2016 | Canada Business

Real estate agent Matthew Pringle said the owners are just putting the $1 price out there to see what kind of potential it has.

Don't Blame Foreigners: 3 Reasons TO, Vancouver House Prices Are High

The Huffington Post Canada | Daniel Tencer | Posted 02.22.2016 | Canada Business

It all comes down to supply and demand.