Canada’s three largest housing markets have undergone “considerable softening” just since May, largely thanks to the condo boom, according to the Teranet-National Bank House Price Index for July. Toronto resale home prices are still gaining ground, but at less than half the 9.2 per cent year over year gain they racked up in July, says […]
Monthly Archives: August 2012A new condo report suggests first-time buyers, retirees and population growth will continue to fuel demand and price growth for the compact living spaces over the next few years. The study by Genworth Canada found that average condo resale prices are expected to rise next year in seven of the eight metropolitan centres studied. Prices […] Please give me a call if you don’t want to have the same regret. With Canadians entering the housing market in greater numbers than ever before, it wouldn’t be surprising to find that many suffer buyers’ regrets. But a recent survey commissioned by TD Canada Trust suggests the most common regrets for first-time home […] Sales of both condos and high-end homes have slowed so significantly in the last few months across the GTA that the Canada Housing and Mortgage Corpis downgrading its housing market predictions for the rest of this year and next. In fact, housing activity is expected to cool across much of southern Ontario well into 2013 […] Scotiabank suggests that home prices in Canada will fall by 10% in the next three years. Canada’s home ownership level has hit a record 70%, which the economist said is likely a peak, due to an aging population, as well as younger entrants to the market. Click here for full report |
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