As a result of Coronavirus, Toronto’s short-term rentals will be empty for three to six months. Can the owners afford it?
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As a result of Coronavirus, Toronto’s short-term rentals will be empty for three to six months. Can the owners afford it?
Home prices in Vancouver and Toronto are now lower. Does that mean the bubble is deflated and real estate is less risky?
Most people think real estate is a low risk and high return investment however many experts disagree. This article explains why many economists are concerned about risk in Canadian real estate and it’s potential to derail the economy.
Latest Toronto house price trends and price forecast.
Many Canadian analysts have erred by using defaults to predict a housing correction. It’s the other way around! Lessons from the U.S. show a housing slowdown causes defaults.
Most analysts expect further price increases but given recent trends we think prices will more likely drop in 2019. Find out why.
Key forces are aligning to push home prices down in Vancouver and Toronto.
Over the past ten years there have been many government interventions intended to cool the housing market. It appears we may have hit a tipping point. The market has stalled and is either about to provide a “soft landing” or “hard landing” delivering much needed affordability to the market. Alternatively, this could just be a breather before prices continue their upward march.
Canadian condos have shown tremendous price growth since 2016 but it is uncertain how much price growth potential remains in condos. Some major Canadian banks have forecast the real estate market in Vancouver and Toronto will hit a tipping point by the end of 2019. As the impact of interest rate increases, government regulation, and taxes work their way through the market toward the middle of 2018 the accuracy of these forecasts will be revealed.