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Some argue the city's bubble has already come and gone.
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Nearly half of Canadians are worried about what interest rate hikes will do to their mortgage payments.
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She felt the plan would bring stability to the market. It has yet to do so – and if anything has caused more disruption than anything else.
Bank of Canada
There is a need for more supply to satisfy this rapidly rising need for millennial housing, but the demographic logjam created by baby boomers is restricting millennial access to prime properties, keeping them under-housed, stuck living with a roommate or confined to their parents' basements.
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A strong economy can't explain the Toronto region's house price growth, the bank says.
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"The frenzy is over .... Sanity is returning to the marketplace."
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Goldman made a ton of money betting on the U.S. housing bubble, so this might mean something.
Toronto is no longer a "seller's market" and is now "in balanced territory."
Borrowers should make sure they can handle a hike in interest rates.
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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.
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Will it infect the whole mortgage market?
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But confidence in personal finances is on the decline.
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By the time the public realizes it's a bubble, it's already over.
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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."
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"Toronto and any city that is remotely within commuting distance are overheating, and perhaps dangerously so."
Half the money circulating through Vancouver's housing market has vanished.
Halloween is coming up, but if you've been paying any attention to the housing headlines this fall, you might be getting spooked for a whole other reason. It could be the skyrocketing price of homes that's causing you to lose sleep. Perhaps it's Finance Minister Bill Morneau's recent changes to mortgage rules which took effect on Oct. 17. And it doesn't stop there.
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Vancouver softens and Toronto looks to maintain its momentum.
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“Our ... concern now is that the housing bubble will burst before the year is out."
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But it wouldn't exactly be a repeat of the U.S.'s housing bubble.
"This is a bubble. A very big bubble. And it is going to end in tears."
Some of Canada's top bankers are selling while prices are high.
Lucy Nicholson / Reuters
The BoC is starting to sound really worried.
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Trump’s “risky economic policies” could hurt the U.S. economy, forcing the country’s interest rates to stay low for longer.
Don't go it alone? High housing prices are making young Canadians team up with friends to enter the market
Be careful what you wish for.
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The problem the housing bears have had is they are reading the same fairy tales about Canada's housing market that the housing bulls continue to suggest all Canadians keep reading. It's time to stop turning the pages and start reading what the words are really saying.
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It all comes down to supply and demand.
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Warnings of a housing correction are not new, but the frequency has increased. A couple of southwestern Ontario markets (most notably Toronto) and the Vancouver metro area are pricing out first-time buyers. In other major centres across Canada, the flatness or slowing of house price appreciation has dissuaded potential buyers from jumping in.
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You’ve heard it before: Canadian housing is in a bubble, and a price crash is headed our way. It’s been said enough times in the past six years or so that it seems safe to discount the warning altoget...
If the next Canadian government doesn't take serious pro-active measures to ensure that the cost of sheltering for Canadians becomes affordable, there is a good possibility where, in a not so distant future, foreigners may become major landlords of Canadian homes, dictating their prices and rentals. Effectively, they'll become in position to hold Canadians at ransom in their own country.