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The party will end in the Toronto and Vancouver housing markets this year, TD Bank says in a new report. It's a party many say has gotten too rowdy: Home prices in Toronto are up 14 per cent in a year...
If this keeps up, it will cost $1.46 million to buy an average single-family home in the 905 by 2021.
Average selling price for all properties headed for $665,000.
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Prices this year could be "less frothy."
Prices have outpaced job and wage growth, realtor notes.
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"Demand for ownership housing is expected to remain very strong in 2016."
Affordability in Toronto worst since early 1990s Vancouver home sales soar 40% PIMCO sees '20% negative return' on housing in next 5 years The experts are increasingly saying Canada’s housing marke...
Toronto has the highest housing prices in relation to its rental rates in a new list comparing 26 other housing markets across the world, according to survey by the Economist. Canada joins Britain and...
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'Two housing markets' in Canada Toronto, Vancouver see nearly 10% price gain Housing bubble? Canada can handle it, Ben Bernanke says House prices are soaring in Toronto, Vancouver and Hamilton, but...
Canada’s hottest housing markets kept up a frenzied pace of activity in October, even as new numbers from RBC showed consumer debt loads reaching yet another record high. Household debt loads have gro...
Forget working. The real way to accumulate wealth is to buy a single-family house in Toronto, and wait. OK, that’s bad advice. But given what’s been going in Toronto’s housing market, you can be forgi...
New condo prices haven’t grown in a year Low-rise home prices turned downward in August Lack of supply the main factor, BILD says Sales of new single-family homes and condos in Greater Toronto fell...
For comparison, the property was sold for $750,000 in 2005.
If Canada is in a recession, as some economists now say, you certainly wouldn’t know it by looking at Toronto’s red-hot housing market. And if — as some economists predict — Bank of Canada Governor St...