Toronto Condo Demand Outpaces Vancouver Real Estate Peak
Toronto real estate was scorching in August, with the condo market being no exception. The average price is now $417,869
Toronto real estate was scorching in August, with the condo market being no exception. The average price is now $417,869
While not as hot as Vancouver, Toronto’s real estate market is still scorching – with more demand and less available inventory.
After the foreign buyer tax, inquiries for properties under a million dollars soared at Juwai – China’s largest overseas real estate portal.
Canadian real estate prices could move higher, as analysts are starting to call a further decline for the loonie.
Vancouver real estate prices creeped up, but a significant drop in demand questions its ability to continue its rise.
Alberta’s non-recourse mortgages mean many people can walk away from their mortgages with minimum consequences in the event of a crash.
Canadian mortgage debt demolished previous records this year, having risen to $1.03 trillion at chartered banks alone.
Canadian real estate prices have soared so high, the average Millennial now needs to wait at least 10 years to save a downpayment.
The Canadian housing bubble extends far beyond Vancouver, and we look at one of the primary contributors – low mortgage rates.
Is BC real estate cooling down? BC Real Estate Association (BCREA) released its first forecast since the foreign buyer tax was implemented, and they’re still predicting strong growth. While the accuracy of these industry forecasts can be a little bias, they’re predicting an increase in the rest of the province, which will offset any losses […]