Averaging $406,372 Number of homes sold stays flat even as prices jump significantly The average Canadian home is now worth more than $400,000, CREA says. The average price of a Canadian home has risen to more than $400,000, according to new data released on Monday. The Canadian Real Estate Association said Monday the average price of […]
How will Uncle Jim’s Resignation Affects The Real Estate Market ?
Canada’s veteran finance minister quits, budget surplus in sight Is Flaherty leaving Canada in the lurch? The Canadian Press In his own words: Jim Flaherty on why he resigned as finance minister Jim Flaherty has announced his resignation as finance minister, stepping down from a job he accepted in 2006. His statement: Yesterday, I informed […]
70,000 new condos to flood Toronto in 2014 and 2015 ?
Toronto condo prices to fall amid ‘striking’ oversupply: TD TD Bank report says 70,000 new condo units will be completed in 2014 and 2015, a “striking” total that’s double the historical average. “Toronto’s skyline of cranes is now about to transform into a skyline of condo buildings,” TD says. If you’re shopping for a high-rise […]
Detached Homes Stay Single & Condo Continues To Breed Like Rabbits
Winter’s chill can’t freeze condo boom A new reading Monday on the strength of the condo market, particularly in Central and Eastern Canada, raised eyebrows among economists. GTA home prices tell tale of 2 cities: condos vs. family homes Different market segments moving in different directions Real estate in the Greater Toronto Area is becoming […]
Fairy Tales of Canada the Condoland
Say hello to your neighbour on top of you, below you and beside you The dream of an affordable single-family detached home is fading fast. Rising land values and development costs mean even those trying to avoid high-rises will be living in more densely populated housing. It’s not something that is going to happen overnight, […]
Real estate: hot or not?
You bet it’s burning hot … Shortage of new listings fuelling desperation among Toronto home buyers The reason is simple: New listings for houses have been below historic norms yet interest rates have remained so low, more people are looking to buy. A home-buying report released Wednesday found that the appetite for bidding wars is […]