The Bank of Canada’s second interest rate hike this year is bound to suppress the renewal of home buyer demand in light of its lengthy absence.
The Toronto housing market is still cooling in its halted state. A cooling as a direct result of a buyer standoff, majorly in the single-detached home cohort. The Toronto market isn’t cooling because its demand is only withdrawn in an anticipating return that could be very soon.
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.
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.
Toronto real estate despite showing signs of a cooling housing market is far from a cooling market. Toronto realty is in standoff between home buyers and sellers. It’s not a cooled market, it’s a halted market. A market with a delayed demand.
Despite government intervention the recent cooling trend in Toronto real estate is expected to be short-lived as returning and renewed demand heat up the housing market.
Toronto real estate is on a cooling trend after a period of hyper-appreciation, that saw a 30% increase year-over-year in the average price of Toronto homes. Sales are down and listings are up. Demand is on the decline and supply is up. Despite the Summer cooling trend of Toronto homes, Toronto condos have been the…
Toronto real estate market 2017 trend. Combining a 6 month hindsight with year-over-year changes we look at the the monthly average price, sales and listing for home in the city of Toronto. Only housing stats for the city of Toronto, not the GTA.
Toronto’s hot real estate market will not crash. There is plenty of current evidence in the already cooling trends of both home buyers and sellers. Here is 8 reasons why the Toronto housing market will come to a soft landing and not crash.
Toronto real estate is one hot market. An expensive market despite the recent spring and summer cooling trend. TREB reports that the average price for a detached home in Toronto was $1.4 million in June (a rounded figure from TREB’s precise average detached price of $1,386,524). In light of this newly released figure, I present…
This week’s [For Sale] list profiles and displays 6 detached homes to live in or invest in North Toronto. Here are the Toronto houses that caught Centre of the Universe’s attention this week.
It has been said before. It has been cried before. It has been repeated and rehashed so many times it’s a continuous story with an array of bylines. Here we are in 2017 and the coming doom that has long loomed over Toronto’s housing market is still being orchestrated by the media. A month ago,…