Bidding Wars: Housing gone crazy Naive Toronto buyers think Hamilton prices are super, and are bumping up costs in surprising areas By Meredith MacLeod Hamiltonians are hanging on to their homes while out-of-towners are flocking to move in. There is an overall shortage of real estate listings in Hamilton, combined with strong demand in certain […]
Economist predicts big drop in Vancouver housing prices
Thinks prices will fall 25 per cent over the next few years Richar Dettman A Canadian economist is breaking ranks and predicting a much bigger drop in home prices than others in his field.David Madani expects housing prices to fall 25 per cent “over the next few years,” with Vancouver leading the way. That’s a […]
Average Toronto home price hits $800,000
That means average family can now look forward to sleeping in the street … Thanks to Stephen Harper. Now you got a very good reason not to vote for Conservatives. By Susan Pigg Business Reporter Even this junk will sell for half a million in Toronto … Not Kidding. Again, thanks Stephen Harper. Home sales may be tanking […]
Housing Starts In Canada Expected To Decline In 2013
By The National Bank of Canada Summary• At the national level, the resale housing market appears balanced on the whole. The ratio of listings to sales stood at 6.1 months this past July and has shown little variation in almost two years.• However, this stability at the national level masks a recent softening of the market […]
Why Toronto’s overheated housing market is unsustainable
Jay Bryan, Postmedia News While Canada’s high-flying housing market continues to stabilize, it’s increasingly evident that one city — Toronto — is a glaring exception. In sharp contrast to price moderation in most cities and a significant drop in Vancouver, where buyers are being priced out of the country’s costliest market, Toronto buyers are on […]