Toronto Real Estate Is Seeing A Massive Flood of Inventory
Toronto real estate is seeing at least 3 times more new listings than any other Canadian city, and buyers aren’t keeping up.
Toronto real estate is seeing at least 3 times more new listings than any other Canadian city, and buyers aren’t keeping up.
Canadian real estate sales are falling faster than the industry is anticipating, and condo sales hit an all-time high across the country.
The Canadian Real Estate Association forecast was recently updated, let’s see how far from reality it is compared to the current market.
Canadian real estate prices got even wackier, as more than half of the country’s large condo markets hit all-time pricing highs in July.
Vancouver condos followed the rest of the city’s real estate market to new highs, despite higher inventory and less sales.
Vancouver is seeing new construction prices fly to new highs, posting the second largest annual gain for the month of July.
The Toronto condo market is making erratic swings, with some neighborhoods posting over $30k gains, and others posting over $30k in losses.
Canadian real estate prices see the largest single-month decline since 2008, and Vancouver’s detached home prices inch to an all-time high.
New construction prices are dropping fast. Numbers from the Canada Housing and Mortgage Corporation (CMHC) show that new construction sale prices in Toronto have declined by various measures. Interesting enough, sales in July 2017 haven’t actually slowed down. Source: CMHC. Median Price of New Construction In Toronto Declines Over 20% The median price of new […]
Vancouver’s soaring real estate prices helped to send mortgage delinquencies to a new low, but it’s not the good news you think it is.