Toronto Real Estate Market Was Scorching Hot In August
While not as hot as Vancouver, Toronto’s real estate market is still scorching – with more demand and less available inventory.
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.
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.
Canadian real estate prices rose with the US up until 2008, but never crashed. Actually, it continued to rise for the next 8 years – so far.
Jealous of your friends that have mortgages and homes? Don’t be. Renting might be the smartest move you can make in this market.
Ontario’s finance minister Charles Sousa on Toronto real estate, the future of Ontario home prices, rising rates, and foreign buyers.