Toronto detached housing veering towards crisis of availability   by: Ephraim Vecina       Single detached housing is becoming an increasingly rare resource in high-demand Toronto, according to the market’s real estate association. Data from the Toronto Real Estate Board indicated that in December, the market saw 1,984 sales of detached homes, representing a 24.77% annual increase. The City of Toronto accounted for... [read more]

Toronto home sales up 17 per cent in December, prices up 12 per cent The Canadian Press Published Tuesday, January 7, 2020 6:40AM EST TORONTO -- The Toronto Real Estate Board says home sales were up 17.4 per cent in December compared with the same month last year, while the average price was up almost 12 per cent in the month from a year earlier. The December jump caps a surge in activity in the second half of last year, while a slower first half meant that overall 2019 sales... [read more]

2 Reasons a Canada Housing Crash Is Very Unlikely Ambrose O'Callaghan | November 30, 2019 Image source: Getty Images The Canadian housing market battled turbulence in 2017 and 2018. A massive housing bubble formed in major metropolitan areas like the Greater Toronto Area and Metro Vancouver. Policymakers were forced to step in and instituted a foreign buyer tax that had an immediate impact on markets. New mortgage rules were instituted by the OSFI in January... [read more]

CMHC: No, Toronto Isn’t in a Massive Housing Bubble Nelson Smith | November 30, 2019  Image source: Getty Images It seems every week for the last decade, somebody has declared Canadian real estate is massively overvalued. Yet, despite this bearish sentiment, the market keeps on marching higher. Sure, there have been certain markets that have struggled. Pretty much every city in Alberta has seen housing prices collapse along with the price of oil.... [read more]