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The hottest housing market in the world is facing a reckoning

The hottest housing market in the world is facing a reckoning.

Toronto-area land prices have gotten so high that developers are struggling to build new homes that people can afford. 668 more words

Housing Market

Toronto-area home sales up 12% in October

TORONTO – The Toronto Real Estate Board says area home sales were up 12 per cent from September to October, pointing to a stronger fall market. 138 more words


Sharp rebound in Toronto home sales signals market may have hit bottom

Canada’s largest housing market showed signs of life in October after months of cooling demand and declining prices, the Toronto Real Estate Board said.

Home sales in Toronto rose about 12 per cent from September, an above average move and one that points to “stronger fall market conditions,” the realtor group said Thursday. 323 more words


Toronto-area home sales down 35 per cent from a year ago: real estate board

TORONTO – The average price of a home sold in the Toronto area last month climbed higher on a month-over-month basis for the first time since hitting a record in April. 554 more words


Toronto home prices rebound sharply, but sales still slump

The average sale price of a home in Toronto climbed almost six per cent from August, but sales across the region continued to sputter compared to a year ago. 389 more words


Toronto real estate board raises concerns about possible vacancy tax

TORONTO – The Toronto Real Estate Board is urging the city to exercise caution regarding a possible vacant home tax.

The board says it’s worried there is not enough data or evidence to support the idea that a vacancy tax would increase the supply of rental housing. 113 more words


After rate hikes, Canadian housing braces for 'biggest rule change of all time'

It didn’t take long for the impact of rising rates to hit the market. People rushed to lenders Thursday to lock in contracts and get pre-approved mortgages after the Bank of Canada raised its overnight lending rate the day before. 721 more words

Mortgages & Real Estate