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Market Is Bottoming Out, “Soft-Landing” Is Likely

Market Is Bottoming Out, “Soft-Landing” Is Likely

Don’t count on the Bank of Canada to change its course of gradually higher interest rates because the housing market is weakening. After all, that’s what policy changes, particularly in British Columbia and Ontario, were put in place to do. The Canadian housing bubble — long feared to be vulnerable to a dangerous pop — […]

Trends Suggest Housing Market Will Rebound This Fall

Trends Suggest Housing Market Will Rebound This Fall

Price pressure and inventory-shortage argue against characterizing the current summer market as a “downturn” — versus a short lull — in the market. While this may dash the hopes of struggling first-time buyers, demographics and listing supply make it highly unlikely that the market will downturn past the summer months. At most, the lull would […]

Toronto’s Home Price Decline Is Not The New Normal

Toronto’s Home Price Decline Is Not The New Normal

Here’s what everyone wants to know about Toronto’s housing market — are these price declines the new normal? If they are, will we soon actually be able to afford a home in Toronto? If history is anything to go by, the answer to both those questions is a resounding no. It’s been almost one year […]

Market Stats – July 2017

Market Stats – July 2017

Market Continued to Adjust in July August 3, 2017 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 5,921 residential transactions through TREB’s MLS® System in July 2017. This result was down by 40.4 per cent on a yearover- year basis, led by the detached market segment – both […]