Would Falling House Prices Really be So Bad?
Even though experts have been predicting a drop of only 10 to 15 per cent in home values over the next several years, lots of people are still worried about a housing bubble in Canada – especially in super hot markets such as Toronto. July home sales across the country proved just the opposite, increasing…
Read moreHousing Starts Fall, New Mortgage Rules are to Blame
Just days after Scotiabank said that Canada can expect to see a 10 per cent drop in the housing market over the next few years; while others have predicted a drop as high as 25 per cent. And from looking at the latest housing start stats, which have been down for a number of months,…
Read moreAnother T.O. Home Sells for Nearly Half Million over Asking
We just posted yesterday about how home sales fell in the City of Toronto over the month of July; but that doesn’t meant that there aren’t still some very hot properties on the market. In fact, one property has just sold for nearly half a million over its asking price. The home sits at 25…
Read moreToronto Home Sales Fall in July
There has been a great deal of talk surrounding the overheated Toronto housing market lately; and experts have predicted a 10 – 15 per cent decline in the next few years. Looking at July’s stats for this city’s market, it might seem as though that’s already happening. According to the Toronto Real Estate Board, the…
Read moreWould You Raise your Kids in Downtown Toronto?
Take a look at any downtown Toronto street at nearly any hour of the day and you’re likely to see many things. Business people with cell phones stuck to their ears (or Bluetooth devices stuck in them.) Perhaps theatre crowds rushing from their dinner to the show, or vice versa. Maybe even a couple of…
Read moreAs First-Time Buyers Move Out, Foreign Investors Move In
Ever since Jim Flaherty announced the newest rule changes made to mortgages in Ottawa, people have been talking about who they’re going to hurt; namely, first-time homebuyers. But there’s one group that will be ready to welcome the new rules with open arms – that is the group of foreign investors. The new rules of…
Read moreWhat Can we Learn from the States?
Don’t take on more home, or any home, that you cannot afford. This seems to be the biggest lesson that came out of the complete housing collapse in the States. But, there are other lessons there; and as Canada’s housing market has been on shaky ground for months, it’s worthwhile to look South, and see…
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