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This week’s top real estate news in Ontario and how your real estate business could be affected.
Home prices jump 40 per cent in Vancouver — but no one is building
Toronto is also struggling with housing supply: The number of low-rise homes built last year in Canada’s financial hub was the lowest since 1995. The city is encircled by a green belt of almost 2 million acres that’s under permanent protection, and has experienced a price run-up similar ...
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This week’s top real estate news in Ontario and how your real estate business could be affected.
Canadians amass $200 billion in wealth from residential real estate in a single year
“Rising home prices have generated $200 billion in new household wealth over the past year alone,” writes Adrienne Warren, a Scotiabank senior economist, in the latest weekly Global Real Estate Trends report.
Toronto condo builders have taken conservative path to adding supply: CMHC
CMHC said ...
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Two-thirds of millennials expect to afford a Toronto-area home, study suggests
About two-thirds of millennials in the Toronto area expect to own their own home, according to a survey by Pollara for Bank of Montreal being released Wednesday. That’s despite a higher average purchase price of $465,000 in Toronto, compared to the $350,000 national average.
Home sales break March record
“Greater Vancouver ...
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The Ravine on York Mills
The Ravine is Phase 1 of a multi-building development bordering on the pristine ravine area on York Mills at the 404. Sales start Saturday April 2, 2016 in an exclusive Realty Point Open House event.
Three U.S. Trends That Could Push Canadian Mortgage Rates Higher
We look at three developing U.S. trends which have the potential to both ...
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The homes now dominating top-tier markets
$4 million-plus properties are in such high demand in Vancouver and the Greater Toronto Area (GTA), they now represent the fastest growing sector in both cities’ housing markets.
Analysts: Chain reaction of increases in bank-funded mortgage rates possible
Experts said that the mortgage rate hikes effective this week, spurred in part by a beleaguered economy and ...
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Average home prices to fall in 3 oil-producing provinces next year: CREA
Canada’s national average house price is expected to edge higher by 1.4 per cent in 2016, to $448,700 — with Ontario leading the other regions with an increase of 2.9 per cent. Also read “The housing bubble has already popped in some parts of Canada“.
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Real estate news stories that we’ve been following this week.
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Bank of Canada keeps benchmark rate at 0.5%
Economists had been expecting the bank to keep its trend-setting target for the overnight rate where it is now. A few believe, however, that another cut might be possible later in the year unless the economic picture improves.
Three words to sum up Canada’s economy: ‘Best. ...
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Real estate news stories that we’ve been following this week.
Stay up-to-date with all real estate news updated continually on our Facebook page.
Toronto’s residential land prices reach new highs: ‘More condominiums coming’
Residential land prices increase with the emphasis on higher-density condo projects coming to market.
5 reasons why the market meltdown matters to all Canadians
The recent pull-back of stock markets around the globe could signify any number of future trends. here’s a primer on ...
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Real estate news stories that we’ve been following this week.
Housing affordability declines in Toronto, Vancouver in Q1: report
Rapid price growth in Toronto and Vancouver continues to affect the affordability of housing in those two markets, a recent report by RBC Economics states. The bank also predicts that interest rate hikes by the Bank of Canada will are likely to continue to erode housing affordability next year.
Vancouver inventory squeeze finds buyers panicked, sellers anxious
Vancouver ...
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Real estate news stories that we’ve been following this week.
Risks To Canada’s Economy Are On The Rise, Bank Of Canada Warns
House price growth continues to outpace income growth and that could be the fuse that leads to a house pricing correction says the Bank of Canada, but we are on a better economic footing to absorb economic shocks. Also read “Should Stephen Poloz be more worried about the Canadian economy?“
Toronto condo construction ...
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