The real estate market is getting too hot, prices have reached insane level, our Liberal leaders wanted the house prices to drop …
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bnn.ca –
The real estate and rental category measured as part of Canada’s GDP represents the output of real estate agents, brokers, landlords and other related services. In other words, it’s an indicator of the health of the resale market, as opposed to changes …
Douglas Todd: Ten ways to ease Metro Vancouver’s housing crisis
Huffington Post Canada – Jun 25, 2016
Evidence is growing that house-flipping — investors buying houses and quickly selling them at a much higher price — has become a major problem in Toronto and Vancouver. House-flipping drives up prices. It’s artificial “demand” for housing that …
Toronto Star – Jun 23, 2016
The federal government is creating a working group on housing with the Ontario and British Columbia governments as well as officials from Vancouver and Toronto amid warnings that housing prices in those cities are rising at an unsustainable pace …
Data released by Altus Group shows record-low inventory levels of new ground-related housing especially detached homes in the GTA today.
CBC.ca –
Coincidentally, the B.C. housing minister is hosting Canada’s federal, provincial and territorial housing ministers in Victoria this week to plot a course for future housinginvestments. The federal minister responsible for housing, Jean-Yves Duclos …
As a result, we can expect real estate sales to decline, and that house prices will go down (soon)?
But how can this happen when there is listings shortage?
Toronto area builders say they never seen so few low-rise homes available for purchases in the GTA, a fact that has pushed average-priced detached homes well past $1-million. The Building Industry and Land Development Association said Tuesday that 90 …
Indeed, the average price of a new low-rise home in the GTA hit a record high of $875,174 in May. The average price of a detached home alone hit $1,125,988. Throughout the GTA, low-rise home sales fell to 2,091 from 2,448 last year. But nowhere was the …
Already happening?Not yet.Not so soon. Look, developers are pulling the brake to create to reduce the supply again … Home prices can never come down as long as there is not enough house to go around: –
CMHC says housing starts slowed in May
The pace of urban starts slowed by 2.5 per cent in May to 170,432 units as multiple-unit starts fell 5.7 per cent to 110,834 and single-detached starts increased 4.2 per cent to 59,598. The annual pace of urban starts fell in British Columbia and the …