Former Airbnb units are hitting the market at a time when buyers are looking further out of the city.
The first time I heard the line "you're not stuck in traffic, you are traffic" I immediately liked it. People tend to ignore their participation and impact on a situation and often believe things are happening to them, not because of them. I wanted to explore this concept as it applies to the Canadian real estate, specifically the Vancouver and Toronto metro area housing markets.
Today, the ever-changing urban demographics and hot real estate markets occasionally lend people the opportunity to invest in a condominium with the intention of selling it for profit. This practice is also known as speculating. Many ordinary people become speculators during periods characterized by strong demand.
For buyers in search of more space and other perks a condo can't offer, finding an affordable place to call home is a tough proposition, even in the burbs. In 2016 so far, the average detached home in the suburban GTA sits at around $855,000, up almost 20 per cent from a year earlier.
BuzzBuzzHome:The price gap between a standard two-storey house and condo in Vancouver just hit $712,027. If you had that
Condo developers in Canada’s three largest metropolitan areas are building too many condos — 36 per cent to 68 per cent too
Canada’s real estate markets have largely recovered from the minor slump that began last year, but recent data on condos
Condo prices in Toronto may have fallen steeply from their peak when you take into account incentives being offered to buyers
House prices in Canada have soared compared to rental costs, to the point that paying a mortgage is 60 to 70 per cent more expensive than renting the same property. So why are the banks still saying it's a good time to buy?
Don’t hit the panic button yet, but the Bank of Canada just outlined how a housing market slowdown could drag down the entire