There’s a Canadian real estate correction? Apparently no one told Toronto. TRREB data shows home prices didn’t just climb in February, but made a 5-digit jump. Prospective buyers with their buyer-feet ice cold in the snow, stood puzzling and puzzling—asking, how can it be so? It came without rate cuts. It came without speculators. it […]
Ontario real estate is dominated by investors, and this didn’t happen overnight. Statistics Canada (Stat Can) data confirmed investor-ownership using 2020 tax data. Diving into the numbers, we found that most of Ontario’s new condos (2016 or later) are owned by investors. It’s not just big cities like Toronto or Hamilton either, most new condo […]
Greater Toronto real estate agents have been dropping anecdotal evidence the market is firming. It might be true, according to the latest composite benchmark prices presented by the Toronto Regional Real Estate Board (TRREB). Home prices generally fell across the region, except in the most dense part—the actual City of Toronto. In the City, the […]
The Greater Toronto real estate downturn has only had a limited impact on the condo market. That was the view in the condo market report shared by the Toronto Regional Real Estate Board (TRREB). In general, easing inventory and higher interest rates have resulted in relatively stable prices. The market is also significantly better supplied […]
Greater Toronto residents are fleeing for other parts of the country at an alarming pace, indicating opportunity may be outside of the hub.
Toronto real estate was declared the world’s largest bubble by UBS just a few months ago, now prices are crashing.
Greater Toronto real estate prices continue to fall, but City prices may have just taken a nosedive. Toronto Regional Real Estate Board (TRREB) data shows composite home prices fell in November 2022. The price of a typical home has dropped nearly a quarter-million dollars since peaking earlier this year. With higher interest rates still to […]
Toronto must have found more land because prices are plummeting for real estate. Toronto Regional Real Estate Board (TRREB) data shows prices fell sharply in October. A typical home (composite benchmark) has seen prices fall over a quarter-million dollars. They’re still dropping and breaching important psychological levels as well. Greater Toronto Real Estate Prices Fell […]
Greater Toronto’s new construction housing has seen demand completely vaporize. Data from BILD GTA and Altus Group show new construction sales fell 90% in September. Prices are now falling, especially for condos which saw a $30k drop in the month. The segment was mostly bought by investors which have disappeared, helping inventory recover. Toronto New […]
Toronto was a great place, but neglect and arrogance has it facing a brutal future. It tops the global real estate bubble index, and a sharp recession is ahead. There’s construction everywhere, and residents have no idea who this city is being built for. Young people are fleeing rapidly, and taking the city’s energy with […]
