Toronto’s real estate market experiencing mixed signals GTA home sales fall in May while prices climb The Toronto Real Estate Board (TREB) says that the number of home sales fell 3.4-per cent to 10,182 in May from the same period a year earlier across the region. In Toronto specifically, TREB said home sales fell 4.6 per cent […]
Canada’s Housing Market Will Correct ‘Into Mid-Decade’ – Single-digit cut in real estate prices expected
Canada’s Housing Market Will Correct ‘Into Mid-Decade’: Scotiabank Canadian housing prices are at risk of falling over the next few years, driven by global economic weakness and softness in key condo markets, a Scotiabank economist said Friday. Scotiabank sees risk of single-digit cut in real estate prices by mid-decade Canadian housing prices are at risk […]
Predictions for Real Estate Prices: Boom or Bust?
Recently, on Alberta Primetime’s Money Panel, I was asked to comment on real estate prices and some conflicting predictions about whether real estate will boom or bust. Not a day goes by these days without someone predicting what is going to happen to housing prices. I was in a restaurant and the server was talking to […]
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 […]
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 […]