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Who Will be the Last Farmer Left?
Who Will be the Last Farmer Left? A dwindling number of GTA growers worry that aggressive provincial development plans will make it tough to survive …click on the above link to read the rest of the article…
Toronto’s House Price Bubble Not Fun Anymore
Toronto’s House Price Bubble Not Fun Anymore Average price of single-family house plunges 13%, or by C$160,000 from peak. Sales of homes priced over C$1.5 million collapse by 63%. Condos still hanging on. Housing in the Greater Toronto Area is, let’s say, retrenching. Canada’s largest housing market has seen an enormous two-decade surge in prices […]
Toronto’s Splendid Housing Bubble Turns to Bust
Toronto’s Splendid Housing Bubble Turns to Bust Market freezes up at the top. Average price of detached house plunges C$175,000 in 12 months. Home sales in the Greater Toronto Area (GTA), Canada’s largest housing market, and among the most inflated in the world, plunged 32% in April, compared to a year ago, to 7,792 homes, […]
Canada Home Prices Fall from Year Ago for First Time since 2009
Canada Home Prices Fall from Year Ago for First Time since 2009 The magnificent house price bubble wheezes. With 2017 mortgage pre-approvals having now expired, the first wave of buyers facing OSFI’s ground breaking mortgage regulations are being put to the test. The regulations, also known as B-20, require all borrowers to pass a stress […]
Toronto’s Epic Housing Bubble Turns to Bust
Toronto’s Epic Housing Bubble Turns to Bust Prices of detached houses plunge C$207,000 from a year ago as sales collapse. After having ballooned for 18 years with barely a dip during the Financial Crisis, Toronto’s housing market, Canada’s largest, and among the most inflated in the world, is heading south with a vengeance, both in […]
Home Prices Sink, Sales Plunge in Toronto
Home Prices Sink, Sales Plunge in Toronto Homeowners who bought a year ago are down C$110,000 on average. Home sales in the Greater Toronto Area, Canada’s largest housing market, plunged 35% in February compared to a year ago, to 5,175 homes. The plunge in volume was spread across all types of homes. Even the previously […]
Update on the Deflating Housing Bubble in Toronto
Update on the Deflating Housing Bubble in Toronto Missing Chinese money? Hardest hit is the priciest segment: detached houses. Home sales in the Greater Toronto Area plunged 35% in September compared to a year ago, to 6,379 homes. The plunge in volume was spread across all types of homes. Even condos got hit: Detached houses […]
Foreign buyers driving demand for luxury homes, Sotheby’s says
Foreign buyers driving demand for luxury homes, Sotheby’s says Luxury housing segment ($4M+) is hotter than the overall market in Vancouver, Toronto International demand is expected to keep driving luxury real estate sales in Canadian cities for the rest of the year, according to a report from Sotheby’s International Realty. A faltering Chinese economy and […]
