In toronto real estate, Toronto’s housing market churned out another month of soaring price gains in July, 2016, fuelling concerns that it could be the next target of a tax on foreign investors. Almost 10,000 resale homes changed hands in the Greater Toronto Area last month, the highest recorded number for the month of […]
central toronto real estate
Toronto suburbs looks more expensive than Toronto amid ‘acute shortage’ of homes
In toronto real estate, Toronto had another month of record-breaking home sales in July, 2016, but the city’s real estate board is warning of a “troubling trend” that is sending home affordability out of range. “While sales were up on a year-over-year basis, the number of new listings was down over the same period, […]
Downtown Toronto Rail deck park will be ‘legacy project’ for Toronto, city councillor says
In toronto real estate, Toronto’s proposed rail deck park could be a “legacy project” for the city, says councillor Joe Cressy. Cressy announced plans to build the park, which would span 8.5 hectares (or 21 acres) along the city’s waterfront rail corridor from Bathurst Street to just past the Rogers Centre, with Toronto Mayor John Tory on Wednesday. Massive downtown #RailDeckPark will […]
RBC looks at how price growth happens
In toronto real estate, many an armchair analyst has speculated on the factors behind Toronto and Vancouver’s runaway home values. And now, a recent study by RBC Capital Markets brings more data to the table. According to its report, home prices increased at a compound rate of 5.6% annually from 1999 to 2015 in Toronto and 6.2% in Vancouver, outperforming the […]
CMHC is warning overvalued housing market in Toronto area
In toronto real estate, the Canada Mortgage and Housing Corporation (CMHC) is sounding the alarm over several of Canada’s housing markets. There are troubling signs beyond the much talked about Toronto and Vancouver scenes. Bob Dugan is the Cheif Economist for the CMHC, the federal government’s housing authority. On the website the 70 year-old […]
