Toronto real estate market news & info
Welcome to 10 Neepawa Avenue, a handsome solid brick semi on a wide, deep lot with laneway parking & masonry garage in a prime Roncy location. Steps from Roncesvalles Village shops & restaurants, close to subway & UP stations and top rated local schools. This perfect blank canvas is ready for your design & renovation… Read More
In a recent blog post, the International Monetary Fund (IMF) took aim at Canada’s housing affordability crisis and suggested that the solution lies in building more houses. Actually, this is pretty obvious when you think about it. If we focus on making it easier for buyers to afford to purchase a home (e.g., the government’s… Read More
Welcome to 277 Indian Road, a stately Edwardian mansion in a prestigious location surrounded by the finest homes in High Park. This elegant High Park Grande Dame has more than 4500 sq ft of living space on four levels. Period details abound, including gorgeous wood trim and wainscoting, leaded & stained glass windows, beamed ceilings,… Read More
Here’s a quick summary of what each of the federal parties are promising/proposing for housing in Canada: Conservative Party Make the mortgage qualification stress test less stringent, and eliminate it completely for renewals to keep banks from gouging borrowers on renewal with uncompetitive high rates. Allow first time buyers to obtain 30 year amortizations to… Read More
BDO Canada is part of a large global network of firms that provide debt solutions for people in financial difficulty. They publish a study called the ‘BDO Canada Affordability Index‘. Here are some of the key conclusions from the latest study: More and more Canadians are taking on debt in all forms: 57% carry a… Read More
Each year, UBS, a large global firm offering wealth management, asset management and investment bank services, publishes a report called the “UBS Global Real Estate Bubble Index”. UBS says that: “Price bubbles are a recurring phenomenon in property markets. The term “bubble” refers to a substantial and sustained mispricing of an asset, the existence of… Read More
Prices in the Toronto area were almost 6% higher in September than in August, and slightly higher than the peak reached in the spring. This was nothing new for condominium prices, which have been hitting new all-time highs with great regularity over the past two years, and printed yet another one last month. What was… Read More
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