Toronto Resales Dropped in January, but Prices Continue to Climb
It looks like those that were worried about the spring market in Toronto can now put their fears to rest. New resale stats have been released by the Toronto Real Estate Board, and while there was a slight drop in home purchases over the month of January, prices continued to climb, and that spring market…
Read moreDon’t Worry, Vancouver! Those Chinese Investors will Come Back!
It seems as though the subject of Chinese investors and Vancouver is one that will never make anyone happy. When they were all over the city scooping up some of the most enviable properties, people thought that they should back off and leave them for those that actually lived within the city limits. Once they…
Read moreShocked? Vancouver is the Second Most Expensive City After Hong Kong!
In the least surprising news of the day, Vancouver is the second most expensive city to live in, following only Hong Kong, according to a new study. The study was the 9th Annual Demographia International Housing Affordability Survey. The survey studies 337 different markets within countries such as Australia, Canada, Hong Kong, Ireland, New Zealand,…
Read moreHas the Cooling Peaked?
It can no longer be argued whether or not the Canadian mortgage and housing market is cooling. The newest stats have been released, comparing the 2011 market with that of 2012, and the stats can seem bleak, depending on which side of the fence you’re sitting. Total sales dropped by a whopping 17.4 per cent…
Read moreEconomists Warn of Long-Reaching Effects felt by a Cooling Housing Market
It can no longer be denied that we’re in a cooling housing market. Sales activity has slowed considerably when compared with last year, and even though prices have yet to follow, there’s little doubt that at some point, they will. And while we so often think of the sellers in the market, who else does…
Read moreWhy Haven’t We Crashed Yet?
It’s a question many people – especially buyers in some of today’s hottest markets – are asking. When is the crash going to happen? We’ve been hearing about the housing market crash that’s coming to Canada for at least a year now. Homes were too hot in just about every market, and interest rates were…
Read moreToronto Sales Down in December, Prices up YOY
There’s no denying now that we’re smack dab in the middle of a real estate softening. December stats are in for the number of sales and homes sold in the GTA and they show what the past few months of data have been depicting. Sales are slowing down as people find it tougher to get…
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