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Real Estate & Mortgages

B.C. budget imposes tax on foreign, domestic housing speculation

British Columbia's NDP government will introduce a speculation tax and expand its tax on foreign buyers as part of nationally precedent-setting moves to cool the provinces' soaring real estate market and generate hundreds of millions for other affordability initiatives. …

Globe and Mail - Feb 20 18:25 GMT - more ...

Toronto and Vancouver housing markets is rising: report

Mortgage data from Canada’s five largest banks suggests a rising influence on housing markets by foreign buyers – many of them young people funded by their parents. …

Financial Post - Feb 07 10:00 GMT - more ...

Gary Anandasangaree
  • Only thing colder than Toronto right now is its housing market

    The only thing that might be colder than Toronto in January is the city’s housing market. …

    Financial Post - Jan 31 18:32 GMT - more ...

  • Toronto home prices dip in November as new listings surge

    Toronto home prices dipped in November as new listings soared, leaving unsold inventory at more than double the level from the same time last year. …

    Globe and Mail - Dec 05 11:51 GMT - more ...

  • Canada housing market rebound seen in mid-2018 as sales rise for second month in a row

    The number of homes sold in September climbed for the second month in a row after a slowdown earlier this year that was led by a cooling in the Toronto market. …

    Financial Post - Oct 16 10:14 GMT - more ...

  • Toronto home prices rebound sharply after short slump, sales drop

    Average home prices climbed almost 6 per cent in the Greater Toronto Area in September compared to August, marking the first month-over-month price increase since the region's housing market began a steep sales slide in May. The Toronto Real Estate Board said the average GTA home sold for $775,546 in September, up 5.9 per cent from August's average of $732,292.

    Globe and Mail - Oct 04 10:46 GMT - more ...

  • New Listings For Toronto Area Real Estate Lead The Country In Growth YTD

    How is inventory across the Canadian real estate market? According to the latest numbers from the Canadian Real Estate Association (CREA), some regions are being flooded compared to last year. Toronto and its surrounding suburbs are leading in the growth of new listings, and Vancouver is leading in the decline. More important, here’s how that inventory is being…

    Better Dwelling - Sep 21 15:58 GMT - more ...

  • Toronto home buyers and sellers try to stay afloat in a rocky market

    In the midtown Toronto areas of Leaside and Davisville, the real estate market has been bouncing between optimism and despair like a yo-yo. …

    Globe and Mail - Aug 19 11:09 GMT - more ...

  • Toronto's housing market: Taking a breather or set for a market correction?

    Kerry Jones spent weeks this spring urgently searching for a house to buy on the west side of Toronto, fearing that if she and her husband didn’t move quickly they would end up priced out of the city’s soaring market. …

    Globe and Mail - Jun 23 09:16 GMT - more ...

  • 5 Reasons Why The Toronto Housing Market Won't Crash

    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 just a temporary pause, and here are five reasons…

    Huffington Post - Jun 20 23:14 GMT - more ...

  • Toronto area home sales sink after cooling measures

    House sales fell 26 per cent in the Toronto region in the month following the Ontario government’s introduction of a foreign-buyer’s tax as many potential purchasers stepped back and waited to assess the market impact. …

    Globe and Mail - May 26 03:29 GMT - more ...

  • Toronto housing market frenzy may be subsiding, some realtors say

    It is like a tap has been switched off. That’s how realtor Louise Sabino describes the housing market in the wake of the Liberal government’s provincial plan aimed at cooling Toronto’s scorching property prices. “I think it’s shocking that it did make the impact so fast,” the Royal LePage Signature Realty agent said.

    Toronto Star - May 01 10:40 GMT - more ...

  • Is Toronto's housing market on the cusp of a late-80s-style bubble?

    Toronto's current real estate boom shares one thing in common with the red-hot housing market in the late 1980s, recalls real estate veteran Karen Millar. "Prices were escalating and everybody was worrying how were they going to afford it, how were their kids going to afford it," said Millar, now a senior real estate specialist with Royal LePage Signature Realty.

    CBC News - Apr 11 22:58 GMT - more ...

  • Ontario urged to act on housing as Toronto-area home prices hit record

    Pressure is growing on the Ontario government to announce measures to cool the Toronto region’s overheated housing sector as detached home prices climbed 33 per cent in March to a record high, and as Toronto Mayor John Tory called on policy makers to ensure speculators are not driving up the market.

    Globe and Mail - Apr 05 20:56 GMT - more ...

  • Toronto’s housing market may need a Vancouver-style cooling: RBC

    Toronto may need to consider Vancouver-style measures to address a “dangerous mix” of factors that are fuelling the region’s overheated housing market, the chief executive of Canada’s largest bank warned on Friday.

    Globe and Mail - Mar 02 07:45 GMT - more ...

  • Tired of Toronto? Why not move to the St. Catharines-Niagara region

    It took Russell Phipps just one day to sell his three-bedroom, 1,800-sq.-ft. house in Ajax, Ont., after a fierce bidding war. With an early closing and no place yet to live, the Toronto native moved into a friend’s 550-sq.-ft. Corktown condo in the city to give downtown living a try. It didn’t take long before he realized he wanted out ? far out.

    Financial Post - Feb 23 03:31 GMT - more ...

  • Don Mills home sells for $1.15 million over asking

    Fifty years ago, a young couple paid $27,000 for a modest home in Don Mills. That approximately 1,500-square-foot house sold for $2.3 million, more than $1.15 million over the nearly $1.19 list price on Wednesday.

    Toronto Star - Feb 11 10:35 GMT - more ...

  • Population growth isn’t driving Toronto house prices. So what is?

    Last summer, in the frankest terms possible, Bank of Canada Governor Stephen Poloz warned home buyers, homeowners, mortgage lenders and the real estate industry that nothing justified Toronto’s skyrocketing house prices. Nothing. Zip. Zilch. Nada.

    Macleans - Feb 11 10:32 GMT - more ...

  • Housing market sizzles in Toronto’s suburbs

    The market is sizzling for detached houses in Toronto’s suburbs, approaching an average price of $1-million. …

    Globe and Mail - Feb 07 06:27 GMT - more ...

  • Downtown Toronto home appreciates 62% in two years

    In a sign that Toronto’s real estate market is off to a hot start this year, a home on Palmerston Ave. north of Bloor St. near Bathurst St., has sold for 62 per cent more than the sellers paid two years ago. …

    Toronto Star - Jan 19 11:26 GMT - more ...

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