Court Hears of Unexplained Millions From China and Toronto Real Estate
A civil court case over some pricey pieces of Toronto real estate leaves a lot of questions unanswered about the state of Canadian lending practices.
A Third of Toronto Condo Buyers Might End Up Paying Double The Sticker Price
Low interest rates driving Toronto’s condo market? Not exactly. Nearly a third of mortgages on new condos being occupied by the owner, are paying rates nearly double the average.
Toronto Condo Prices Rip To A New All-Time High
Higher interest rates and a stress? No match for Toronto condo buyers, apparently. Toronto Real Estate Board (TREB) numbers show condo prices hit a new all-time high in March. The price peak was hit, as sales dropped and inventory levels continued to rise. Toronto Condo Prices Rise Over 14% The benchmark price of a condo […]
Here’s How Much Toronto Real Estate Needs To Rise For Investors To Break Even
Almost half of Toronto condo investors are committing to negative cash flow, according to a CIBC Economics study. One of the city’s most prominent mortgage brokers pointed out, this is a disaster in the making. If you can’t make the deal work at an all-time low for interest rates, when can you make it work? […]
Toronto Real Estate Is Seeing Detached Prices Climb, But Still In Correction Territory
Toronto real estate is seeing detached prices climb for a second consecutive month. Toronto Real Estate Board (TREB) numbers show prices inched higher in March. Even with the climb, prices are lower than last year, as declining sales and rising inventory continue to release pricing pressure. Greater Toronto Detached Prices Are Down Over 6% Toronto’s […]
CIBC: Over 44% of Toronto Condo Investors Don’t Get Enough Rent To Cover The Mortgage
CIBC Economics crunched the numbers on Greater Toronto condo investors, and found that nearly half collect less rent than the required mortgage payments. Most are still making money.
Toronto Real Estate Prices Get First Annual Broad Market Decline Since 2009
Greater Toronto real estate saw more inventory, and less sales – sending prices to negative levels compared to a year ago. We haven’t seen that happen since 2009.
Toronto Real Estate’s Newest Lie: Rent Controls Force Landlords To Lose Money
The Toronto real estate scene appears to be grossly misinformed when it comes to rent controls. Since Ontario announced the Fair Housing Plan, real estate agents, developers, and even politicians have said the province is attacking landlords. You’ve probably heard someone on the news, or even a friend, discuss how the “unfair” the new Rental […]
Toronto Condo Sales Drop, Inventory Soars… But Prices Are Still Climbing
Toronto condo prices are still climbing at the same pace as last year, despite a huge drop in sales, and inventory climbing back to historic levels.
Teranet: Toronto Real Estate Prices Continue Declines, Lowest Rate of Growth Since 2014
Toronto real estate prices continued its rollercoaster pattern. The Teranet–National Bank of Canada (NBC) HPI shows prices declining in February. The decline comes just one month after breaking a down pattern in January. Even though the city’s price growth is still very high, it’s at the lowest level in over 3 years. About The Teranet-National […]
