Toronto Condo Market Crash A Real Possibility: New York Times It’s no secret that Toronto has one of the developed world’s most hyperactive housing markets right now. The city is the undisputed leader in North America for high-rise construction, an impressive (some would say alarming) fact considering it has a fraction of the population of […]
Is Canadian Housing Market Falling Apart?
Last summer, a Vancouver real estate agent named Keith Roy sold his house. About a month later, he wrote a blog post about it—and set off a firestorm of criticism from fellow real estate agents. “I’m a REALTOR and I sold my own home 4 weeks ago. It wasn’t too big or too small. It’s […]
No sign of a Canadian housing crash
Housing starts slow, but no signs of crash: analysts Canada’s once-sizzling housing market continues to fall back to more sustainable levels, but as yet is managing to avoid the earmarks of a damaging crash that would spill over into the general economy. The latest data on housing starts from Canada Mortgage and Housing Corp. shows […]
2013 – The Year Of The Great Real Estate Crash Of Canada, Eh ?
Chris Sorensen of Macleans.ca seems to think that is the case … Great Canadian real estate crash of 2013 Keith Roy began warning his clients about a faltering Vancouver housing market in early 2012. The realtor says he was tipped off not by industry statistics, but by chatter across backyard fences. “When you hear about a homeowner […]
Canada’s housing crash begins
By Joe Castaldo In just one year, Vancouver house prices have dropped by 12%, and unit sales are plummeting in both Vancouver and Toronto. Here’s how we see the housing meltdown will evolve in the coming months. Last spring, Keith Roy noticed his phone wasn’t ringing so often. The Vancouver real estate agent typically booked at […]