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Market Showing Signs Of A Rebound

Market Showing Signs Of A Rebound

The uncertainty sparked by the introduction of Ontario’s fair housing plan is starting to wane as formerly hesitant would-be buyers regain confidence that Toronto’s real estate market is stabilizing again, analysts and realtors said Sunday. While some prospective buyers will be hit by new mortgage rules coming into effect on Jan. 1, the overall market […]

Toronto Home Prices Likely Near Bottom

Toronto Home Prices Likely Near Bottom

Toronto’s roller-coaster real estate market took a swoop lower in August, the fourth-straight month that the average sales price in Canada’s largest city declined from a dizzying record high set in April. The Toronto Real Estate Board said Wednesday the average price for all home types in the Greater Toronto Area last month was $732,292, […]

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 […]

Housing Market Downturn Will Be Short-Lived

Housing Market Downturn Will Be Short-Lived

The federal housing agency says the current downturn in Toronto’s housing market is expected to be short-lived. Canada Mortgage and Housing Corp. (CMHC) says Toronto property prices, which have fallen over the last couple of months, should pick up again as demand bounces back. The Ontario government introduced measures in the spring, including a 15 […]

5 Reasons Why Toronto’s Housing Market Won’t Tank

5 Reasons Why Toronto’s Housing Market Won’t Tank

There have been many news articles about the slowdown of the Toronto housing market, and many industry prognosticators are predicting a crash. While it’s easy to think that a few slow weeks are a sign of something larger, a more thorough analysis reveals that the Toronto market is still very strong. This is more likely […]

The Home Capital Debacle & What It Means

The Home Capital Debacle & What It Means

In February 2016, Gerald Soloway announced he was stepping down as CEO of Home Capital Group, a mortgage provider he co-founded 30 years ago. Home Capital, based in Toronto, is an alternative or non-prime lender, issuing mortgages to people generally turned away by traditional banks, such as the self-employed or new Canadians with a limited […]

Deconstructing Ontario’s “Fair Housing Plan”

Deconstructing Ontario’s “Fair Housing Plan”

On Thursday, the Ontario government introduced measures intended to cool the housing market in the Greater Toronto Area. Here’s a breakdown of all 16 and the impact housing market experts believe they will or will not have. 1. A 15-per-cent Non-Resident Speculation Tax (NRST) on the price of homes in the Greater Golden Horseshoe (GGH) […]

What Ontario Should Learn From BC’s Housing Debacle

What Ontario Should Learn From BC’s Housing Debacle

British Columbia realtors report March sales were off almost 22 per cent from a year ago and blame the shortfall on a lack of new supply hitting the market. Across the province, the British Columbia Real Estate Association said Thursday active listings in March dropped 18.1 per cent from a year ago to 25,020 but […]