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As an analytical realtor who focuses heavily on market-based statistics, I've started to understand the growing shift towards pre-construction condos. Millennials now pretty much don't have any shot at purchasing a house with the current appreciation in the market, despite the government's efforts to slow things down. Even purchasing condos may be a stretch for some. Getting into pre-construction condos however, is the golden ticket.
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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."
Some say the ruling doesn't differ much from the status quo.
Now that 2014 is here, let's take a look at my top five predictions for what will happen in the Toronto housing market in 2014.
An article in The Atlantic entitled "The 11 Ways That Consumers Are Hopeless at Math" reveals how businesses use fact and psychology to persuade shoppers into making purchases they normally wouldn't make. They're tricks some Canadians face at the mall, the car dealership and even the grocery store. But what about the housing market? Are Canadian house hunters having the wool pulled over their eyes? Whether you're buying, selling or just window shopping, here are three things to consider.
Today Toronto leads all cities in North America with 132 high-rise buildings currently under construction. If you're like me and own a unit downtown, you can't help but be a little nervous about where all of this is heading.
In the first half of July, the average resale price of a stand-alone home in Toronto was $720,808. A month later, in the first half of August, it was $597,093 -- a 17-per-cent drop. A sign the real es...
Average home prices in July were lower than they were in June, but sales numbers and average prices are still up sharply compared to the same month a year ago, new data showed Tuesday. The Canadian Re...
Resale house prices fell in Toronto in July as the number of sales dropped, but the city remains on track to have its second busiest sales year in its history. Sale
The Canadian housing market has "lost touch with fundamentals" according to a report by research firm Capital Economics. In the report released on June 29, the authors suggest that the Canadian housin...