What’s Another Name for a Soft Market? A Buyer’s Market!
Sometimes, it’s just a matter of perspective. It seems you can’t step outside your door, or especially pick up a newspaper, without hearing about all the disaster that surrounds the Canadian housing market right now. Analysts are starting to sound like Chicken Little, except it’s prices and not the sky that is falling. Sellers meanwhile,…
Read moreSteven Eisman is Bearish on Canadian Housing, but Skittish on Details Why
Hedge fund manager Steven Eisman became known around the States and Canada during the years of the financial crisis due to his ability to predict what was going to happen to the housing market down south. Now he’s looking towards Canada, saying things no longer look so good over here. The problem with his arguments…
Read moreIs Population Growth the Answer to a Cooling Market?
There’s been a lot of talk about what is needed to help Ontario’s housing market; and everything from job creation to giving a boost to the economy has been suggested in order to do just that. But one CMHC analyst says that we need to stop focusing on the province’s GDP, and stop worrying so…
Read moreForeigners Quickly Scooping Up some of Canada’s Hottest (and Most Expensive) Properties
What do you do if you’re a Syrian, Egyptian, or European with millions and you want to keep it safe? You choose Canada’s softening real estate market to park it in! That is at least, according to Sotehby’s International Realty. The real estate agency says that they’ve seen greatly increasing numbers over the last several…
Read moreToronto Condo Sales Drop 17% in First Quarter
Well here’s news for anyone hoping that the Toronto condo craze would continue (was there anyone?) While we reported this morning that Canadian home sales were up in March, and that the GTA was one area that saw improvement, their condo market still has a long way to go. Or, it’s already going in the…
Read moreSpring has Sprung, and Home Sales were Up in March!
Well, we knew it couldn’t last forever, this slight softening or cooling we’ve been in lately. And while we may revert back to those days, for now spring has sprung and the country actually saw an increase in March sales when compared month over month! As reported by the Canadian Real Estate Association, the number…
Read moreDon’t be so Quick to Blame Mortgage Changes Completely for Decline in Listings
It’s no secret that the Toronto housing market is slowing down. While prices are still edging up in many markets, there’s no arguing that sales are down. And it’s just as futile to argue the fact that MLS listings are also down – typically just another sign of a softening. But industry experts are saying…
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