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 Real Estate Collapse
Cooling Toronto housing market could be a return to normal, state realtors
It could also be the barely disguised frustration of sellers, who listed their homes this spring expecting to attract cut-throat bids from desperate, over-extended purchasers. Instead they are seeing fewer showings and fewer offers. Toronto area home prices dipped about 7 per cent in May, 2017 compared to April, 2017 but remained about […]
