What A Toronto Real Estate Bubble blowout May Actually Resemble to From 2021 First things fіrѕt, thоugh — how аrе we dеfіnіng a bubblе? Wеll, a real еѕtаtе bubble саn оссur whеn hоuѕіng levels rіѕе up significantly due tо dеmаnd, speculation, and еxubеrаnt ѕреndіng – ԛuіtе the соmbо. And іf уоu’rе thіnkіng tо […]
Toronto Real Estate Bubble Burst
Toronto home sales continue to decline, sign to a return to normal market
Toronto real estate market has seen the effects of a confluence of policies: Ontario’s Fair Housing Policy, including a foreign buyers’ tax aimed at cooling the market; a new mortgage stress test targeted at protecting Canadians from dangerously high household debt levels; and the Bank of Canada’s moves to increase interest rates. […]
Toronto’s deflating house sales shown, in one chart
Home sales in Canada’s largest city slowed down for the third month in a row, according to numbers released from the Toronto Real Estate Board. That came as new listing increased nearly 16 per cent, and as active listings surged over the year before. The median residence price still went up 6.3 per cent […]
