The Globe and Mail says, Canadian home prices hit record in May I’ve heard of “deadly” real-estate markets, but #Toronto always seems to take things to a whole new level … Canadian home prices got a boost in May, hitting a record high, according to the Teranet National Bank house price index. Prices were up 0.8 […]
Owning a house in Hongcouver will eat up 82.4% – 86.5% of your income
Someone coined the word “Hongcouver”, I supposed it cannot be considered as a nagative term, since it is merely suggesting Vancouver has been “Hongkong-ised” as far as real estate prices are concerned. Maybe not a bad thing. Vancouver and Toronto must be the only place in North America where every detached home owner is a […]
Real Estate: Prices Up, Listings Down
REAL ESTATE PRICES UP IN APRIL The first full month of Spring and a warmer weather brought more buzz to the real estate market – comparing both to the last month and the last year. Toronto REALTORS® reported a 1.8 per cent year-over-year increase in sales. TorontoMLS system recorded total of 9,706 transactions in April […]
1200sf Upscale Condo Can’t Even Fetch $100K
Why Does This Buckhead Condo Cost Less Than $100K? by Josh Green It’s not often a two-bedroom, two-bath condo with heated floors pops on the market for sub-$100,000 in Atlanta. Such is the case with this crisp, retro unit in the heart of Buckhead’s “Platinum Corridor,” whatever the hell that means. This begs the question: Why so cheap? The […]
Toronto condo is booming again
Toronto home prices so high condo market could see a boost After years of doom and gloom and predictions of a price crash, a new report suggests record house prices in Canada’s largest city could drive demand in its less-expensive condo market. Statistics from RealNet Canada show the gap between low-rise and high-rise homes hit a record $222,149 in […]
Go ahead, pay over asking, it’s no big deal
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 […]