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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 — […]

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 […]

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 […]

Fixing Our Housing Market

Fixing Our Housing Market

With Toronto housing getting harder and harder to afford, governments are under pressure to “do something” – always a dangerous moment. Several ideas are being kicked around, most of them ranging from the dubious to the awful. A tax on foreign buyers has clear political appeal. Housing prices soaring out of control? Blame the Chinese! […]