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Canadian Residential Real Estate Investment Peaked And Is Heading For Declines

Thursday Jul 26th, 2018

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Source: BetterDwelling.com, by Stephen Punwasi Peak Canadian real estate investment is behind us, according to another indicator. Statistics Canada (StatCan) numbers show residential investment as a percentage of gross domestic product (GDP) is moving lower. Taking a dive through unadjusted data, we can see this trend is primed to head much lower soon. What Is Residential Investment? Residential investment is how countries measure economic activity related to building residential... [read more]

Toronto housing sales slump in weakest start since 2009 recession

Saturday May 19th, 2018

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  Condo prices jump 10%, while detached home prices fall 10%   Source: FInancial Post, Erik Hertzberg and Natalie Wong   Spring has finally sprung but Toronto’s home sales remain gloomy as tougher mortgage qualifications and rising interest rates continue to push buyers out of the market. Realtors in Canada’s biggest city had one of their worst months in the past 15 years in April, with sales down by almost one-third from a year earlier to 7,792... [read more]

Foreign-buyer Home Purchases Dropping in Toronto

Monday Jan 08th, 2018

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Foreign buyers have purchased fewer homes in the Toronto region in recent months, according to new figures from the Ontario government.   The province also revealed how much money has flowed into its coffers from its 15-per-cent tax on international residential purchases: about $133-million in six months.   However, the government warned the figure could drop "significantly" because some buyers may eventually claim rebates.   In all, 3.8 per cent of... [read more]

Toronto Market Recovery

Tuesday Oct 10th, 2017

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The Ontario government created several policies in an effort to control the real estate “heated” market.  This did in fact slow down the market over the past several months while these changes were implemented.  Sales volumes decreased, prices were impacted, bidding wars and bully offers weren’t required anymore, and some deals were negatively impacted and have gone to litigation.   Buyers have stood back for a long time now, contemplating with their... [read more]

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