Toronto homebuyers should not expect the frantic pace and blistering prices of the housing market to continue, warns the head of the Bank of Canada. “Prospective homebuyers and their lenders should not extrapolate recent real estate performance into the future when contemplating a transaction,” Stephen Poloz said Thursday with the release of the bank’s […]
toronto home seller
592 Manning Ave., Toronto – Sold Price $1,820,000
592 MANNING AVE., TORONTO ASKING PRICE $1,488,800 SELLING PRICE $1,820,000 PREVIOUS SELLING PRICE $908,888 (2014) TAXES $5,281 (2015) DAYS ON THE MARKET 3 The Action: In mid-April, 2016, Little Italy had a small but steady stream of properties available, so this updated, semi-detached Victorian across from Harbord Collegiate Institute was staged in an extra effort […]
GTA home sales record in May, 2016 – Toronto Real Estate Board
The GTA real estate market remains as hot as ever, with the region setting a new May, 2016 sales record with more than 12,000 homes sold, according to the Toronto Real Estate Board. Figures released Friday show a 10.6 per cent increase in sales over the same period last year, despite the fact that the number […]
Canada’s housing shows some cooling signs after long boom years
In 2016, seven (7) years into a Canadian housing boom that many have warned will end in a bust, there are signs of a sales slowdown in Toronto and Vancouver, the two hottest cities, with some economists and real estate agents saying the peak has passed. A cooling of sales activity in Toronto and […]
Buyer’s gridlock – Why Toronto homeowners struggle to ‘trade up’
The idea of a starter home may be a thing of the past in Toronto and Vancouver, as an increasing number of homeowners looking to “trade up” are finding themselves priced out of the market, according to a new report from the TD Bank Group. Chief Economist Beata Caranci says homeowners in Canada’s two […]
