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The data comes after the Ontario government introduced rules aimed at cooling Toronto's housing market.
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While it's easy to think that a few slow weeks are a sign of something larger, a more thorough analysis reveals that the Toronto market is still very strong
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In the GTA's high-priced real-estate market, where the barrier to entry for owning a single-family home is exorbitantly high, the City of Brampton represents a rare vestige where detached properties still average for below the million-dollar mark.
Growing up in a Filipino/Indian household, I was always told there were only two options when it came to moving out - either buy your own place, or get married and buy a house with your partner. Unfortunately, both scenarios meant I'd be staying put for a while.
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Toronto house prices could be coming down soon, Capital Economics predicts.
Bank of Canada
A common thing I've been hearing is that Toronto families don't make enough to support home prices at these levels. Bank executives, economists, fund managers and even real-estate agents have repeated this in the media - but they never offer any numbers.
A strong economy can't explain the Toronto region's house price growth, the bank says.
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While the couple is being mocked mercilessly online, they merely set themselves up as symbols of gentrification by writing the piece and are only a small part of the problem. In fact, gentrification isn't the problem, either - just the unbridled kind.
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We examined vacancy and rental rates (two-bedroom) from Canada Mortgage and Housing Corp., and validated these findings with the latest data on population, employment and wage growth. Our research was further guided by insight from investors and other experts.
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Toronto is no longer a "seller's market" and is now "in balanced territory."
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Surprising to many, homes come with warranties -- well, new homes that is. New-construction condominiums, townhouses and free-standing homes are automatically covered for issues related to construction and assembly of the home -- pipes, paint and everything in between.
In a seller's market that is experiencing rampant demand and annual 33-per-cent appreciation, such arrangements are a great disservice to sellers, and can also present grave disclosure and negotiating risk to buyers. As a seller -- why limit the amount of potential buyer interest, and ultimately the profit, on your home sale?
In late April, Ontario Premier Kathleen Wynne and Ontario Minister of Finance Charles Sousa announced a 16-point Fair Housing Plan to cool the red-hot housing markets in Toronto and southwestern Ontario. A foreign buyers tax, vacant homes tax, and expanded rent control were the most notable measures introduced.