With Canada expected to slide into a recession in early 2023 and the housing market softening, property investors are understandably worried. It’s important not to panic. There’s no denying that these are turbulent times, but there are ways to weather the storm. Real estate deserves its reputation as a solid investment. Short-term shocks won’t detract …
House sales across the GTA may be dropping but prices are staying flat, according to the Toronto Regional Real Estate Board’s (TRREB) latest forecast which indicates that affordability remains an ongoing challenge in the market. There were 5,627 home sales in Toronto this August – a 34.2% drop since the same period last year. Prices, …
Latest TRREB – Sales Dive But Prices Remain Mostly The Same Read More »
Are Mortgage Rates in Canada on the Rise? In an announcement made last week by Toronto Real Estate Board President Mark McClean, GTA home sales showed the best results on record to date. With 8,804 home sales reported through TREB’s MLS® system, October was a favourable month for Greater Toronto Area REALTORS®. Additionally, The …
TREB Market Watch, October 2015 — Are Mortgage Rates on the Rise? Read More »
Just listed! A Five Bedroom detached home, in one of Toronto’s SPOOKIEST neighbourhoods. Would you buy it? Even a Haunted House in Toronto would sell in this market! Have a Happy Halloween!
Election Day 2015–Who will win? After a 78-day-long campaign, Election Day 2015 is finally here and registered voters from all over Canada are heading to the polls to take part in one of the most significant federal elections our Country has seen. It all comes down to today—Elections are historic, but they …
56,000 condos At the end of 2014, there were more than 56,000 condos under construction in Toronto. That’s far more than what’s being built in other cities with a greater population like Chicago, Los Angeles, or New York. As a comparison, during most of the 1990s the city hovered around 10,000 condo starts. Almost 3,000 …
Last week the Bank of Canada reduced its Key Lending Rate for the second time this year. Down to 0.5 per cent from .75 per cent, this move was in response to our ailing economy along with the slump in oil prices. With large banks and lenders preparing to follow suit, this leaves us to …
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If you think housing prices in Toronto are high now, brace yourselves. Industry experts and economists expect them to surge as Canada’s biggest city saw another record month in June. Last week, newly appointed Toronto Real Estate Board President Mark McLean announced that GTA REALTORS® reported 11,992 sales through TREB’s MLS® System in June 2015. …
Toronto’s Hot Real Estate Market Expected to Surge if Bank of Canada Cuts Rates Again Read More »
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