Toronto Real Estate

4 Signs Toronto's Housing Bubble Has Started To Deflate

HuffPost Canada | Daniel Tencer | Posted 05.15.2017 | Canada Business

Toronto is no longer a "seller's market" and is now "in balanced territory."

The Pros, Cons And Pitfalls Of 'New' Versus 'Used' Homes

Samantha Brookes | Posted 05.12.2017 | Canada Business
Samantha Brookes

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.

Ontario Must Take An All-In Approach On Unethical Realtor Practices

Lauren Haw | Posted 05.04.2017 | Canada Business
Lauren Haw

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?

Ontario's Fair Housing Plan Fails To Identify The Real Offenders

Ben Myers | Posted 05.02.2017 | Canada Politics
Ben Myers

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.

Toronto Neighbourhood Revolts Against Rent Hikes

HuffPost Canada | Jessica Chin | Posted 05.01.2017 | Canada Business

Tenants in the city's Parkdale are are protesting "above-board" rent increases combined with poor living conditions.

Understanding Greater Toronto Area's Pre-Construction Condo Craze

Jari Qudrat | Posted 05.01.2017 | Canada Business
Jari Qudrat

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.

Why More Canadians Are Turning To Private Lender Mortgages

Ron Alphonso | Posted 04.26.2017 | Canada Business
Ron Alphonso

The hardest shock to the national real estate market would be an increase in mortgage rates. Canada's low mortgage rates cannot continue forever, and an increase in rates would make many homeowners unable to afford their mortgage payments. The goal for policymakers should be to deflate the real estate bubble before it bursts.

Canadians' Confidence In Housing Hits Record High

The Huffington Post Canada | Daniel Tencer | Posted 04.24.2017 | Canada Business

But confidence in personal finances is on the decline.

Canada's Central Banker 'Happy' With Ontario Housing Measures

CP | Posted 04.22.2017 | Canada Business

"It's a risk we've been highlighting."

Canada's Hottest And Coldest Housing Markets

The Huffington Post Canada | Daniel Tencer | Posted 04.18.2017 | Canada Business

The average sales price of a home in Canada reached $548,517 in March, up 8.2 per cent in a year.

Housing Speculation An Addiction Canada's Economy Can't Kick

Wolf Richter | Posted 04.17.2017 | Canada Business
Wolf Richter

The entire economy - including government revenues and thereby the services offered by these governments - depends on wild property speculation. And everyone is praying that it can somehow be maintained.

Toronto's Last Real Estate Crash Took 22 Years To Fix

Stephen Punwasi | Posted 04.11.2017 | Canada Business
Stephen Punwasi

This is for the people that are rushing into the market, thinking you can always find someone to buy your flip, because "property prices always go up." For that crowd, let's take a look at how buying at the peak of Toronto's last real estate frenzy resulted in massive losses, and how long it took to recover.

What Toronto's Average House Price Will Buy You Around The World

The Huffington Post Canada | Daniel Tencer | Posted 04.09.2017 | Canada Business

There are still more expensive places than Toronto. Just not many.

Toronto May Need Gov't Help To Cool Housing Prices: Scotiabank

CP | The Canadian Press | Posted 04.04.2017 | Canada Business

James O'Sullivan said the Toronto housing market is one that policy-makers should be most concerned about.

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.

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...