Toronto Real Estate

Toronto Clocks World's Fastest House Price Growth

The Huffington Post Canada | Daniel Tencer | Posted 03.28.2017 | Canada Business

But Toronto's party is about to end, Ontario's fiscal watchdog warns.

3 In 10 Toronto Homes Snatched Up By Investors, Speculators: Study

The Huffington Post Canada | Daniel Tencer | Posted 03.23.2017 | Canada Business

Speculation in Toronto real estate is "a sign of a market bubble,” Realosophy says.

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?

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.

Toronto Foreign Buyer Tax Wouldn't Fix High Prices: Real Estate Board

CP | The Canadian Press | Posted 03.10.2017 | Canada Business

Ontario's finance minister is considering implementing such a tax.

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."

What Toronto's Crazy House Prices Will Buy You Across Canada

The Huffington Post Canada | Daniel Tencer | Posted 03.04.2017 | Canada Business

To no one's surprise, Toronto's house prices hit another record high in February.

For 1st Time, A Canadian Bank Admits Toronto Has A Housing Bubble

The Huffington Post Canada | Daniel Tencer | Posted 02.15.2017 | Canada Business

"Toronto and any city that is remotely within commuting distance are overheating, and perhaps dangerously so."

20 Toronto Neighbourhoods Where Townhouses Are Still Affordable

Lauren Haw | Posted 02.13.2017 | Canada Business
Lauren Haw

According to various forecasts, Toronto is poised to be the hottest real estate market of 2017 -- and it's well on its way to scorching, if January nu...

'Sold Over Asking' Is Irrelevant In Toronto's Real Estate Market

Toronto Storeys | Posted 02.07.2017 | Canada Business
Toronto Storeys

On one hand, sellers and listing agents are loving this flurry of fruitful activity. They are obtaining record-setting prices for homes in record-setting times. Prospective homeowners hoping to buy, however, are faced with largely stressful, emotional experiences in which many end up empty-handed.

CMHC's Early Warning System Raises Red Flags On Canadian Housing

CP | Alexandra Posadzki, The Canadian Press | Posted 01.26.2017 | Canada Business

5 Canadian housing markets show strong evidence of "problematic conditions."

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.

How Real Estate Developers Are 'Crafting The Narrative'

Stephen Punwasi | Posted 12.21.2016 | Canada Business
Stephen Punwasi

Special interest groups have always staged PR events to try and gain coverage, but the real estate industry has decided to take a more "proactive" approach. Some members of the industry are turning regular journalism into "commerce journalism," by manipulating coverage in their favour, sometimes engaging in unethical practices.

First-Time Buyers Face Tough Choices As Home Prices Soar

CP | Alexandra Posadzki, The Canadian Press | Posted 12.18.2016 | Canada Business

Would-be buyers are being forced to leave the cities they love.

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.

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.

Your Kids Will Never Own A Single-Detached Home

Ben Myers | Posted 11.28.2016 | Canada Business
Ben Myers

My kids want a back yard (and so does my dog), but I don't want to double or triple my mortgage for a piece of grass and a couple extra feet between me and my neighbours. Many have suggested we move farther afield, but I don't want to uproot the family, take my son out of his school and my daughter way from her friends -- that is the dilemma.

42% Of Money In Vancouver Housing Market Has Vanished

The Huffington Post Canada | Daniel Tencer | Posted 11.15.2016 | Canada Business

Meanwhile, Toronto's hot real estate market is spreading out.

Drop Hammer On Real Estate Agents Who Play Both Sides For Profit

Lauren Haw | Posted 11.07.2016 | Canada Business
Lauren Haw

This practice is indicative of agents treating each other unethically, and is harmful to our entire profession. Agents who choose to cut others out for the sake of greater commission aren't just cheating their seller. I see this as a short-sighted race to the bottom, and a practice that harms us all as real estate professionals.

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.

To Millennial Home Buyers: Keep Driving Until You Can Afford It

YPNextHome | Posted 10.12.2016 | Canada Business
YPNextHome

There's an old saying in the real estate industry: Drive until you qualify. Can't afford a home in downtown Toronto? Maybe look a little further from the core -- perhaps Etobicoke, or Mississauga, or Milton, or... Just how far are young home buyers willing to drive?

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.