5 Unbelievable Facts About the Toronto Real Estate Market
Bulls point to low interest rates, crazy bidding wars for desirable neighborhoods, and a steady stream of new people moving to the city as proof the market is in great shape. A steadily rising price is the result of a healthy market. Here are five facts about the Toronto market that should give everyone pause.
Spy before you buy: private eye offers tips on assessing condos
It may be every condo owner’s worst nightmare: To purchase a suite in a party building. In a tragic incident in June, two men were shot dead in a west-end Toronto condo following a raucous party that lasted for days.
House prices rise despite sales slowdown, says CREA
Househunters may have taken a tiny breather across the country between May and June, but that did nothing to slow price increases nation-wide that continue to be driven by fierce demand and too few listings in the GTA and Vancouver.
Interest rate cut could ‘over-stimulate’ Toronto housing market: Report
Figures from Royal LePage suggest that Toronto had the hottest real estate market in the country during the second quarter, with double-digit increases in all types of housing.
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