As was expected and predicted, buyer demand is returning to the Toronto housing market after four months of a halted market.
2/3 of Millennials can’t afford a Toronto home. This is due to one major reason, the cyclical benefits older generations gain from the city’s real estate wealth effect.
The Toronto real estate cooling trend is nothing more than a simulated cool caused by a halted market in anticipation for the housing market to adjust to recent legislative implementation, aimed and promised at cooling the hot Toronto market.
The Toronto housing market is still cooling in its halted state. A cooling as a direct result of a buyer and seller standoff, majorly in the single-detached home cohort. The Toronto market isn’t cooling, it’s just waiting to return and that could be very soon.
Reviewing the Ontario Fair Housing Plan and its effects on the Toronto housing and rental market. 4-months ago the Provincial government, in light of a low approval rating, announced 16 measures aimed at cooling the hot Toronto realty market. Here is how effective it’s been.
[OP-ED] Millennial crying over the current state of Toronto real estate are foolishly blind to the coming future and power of their generation as an aging cohort.
July Toronto housing market update: halted cooled market with steep decline in sales and huge increase in supply result in third consecutive month of cooling Toronto home price. That’s not a market state that we expect to continue due to the standoff state of Toronto realty.
Gen-Y will cool the Toronto housing market by 2020, with an absences of buyer demand. An absences caused by the replacing the majority of buyer demand. A future demand that will be nowhere near the current buyer demand, in light of lack of affordability and slower buyer replacement rates.