Market Insights

From CTV News – Ontario’s population could increase by as much as six million over the next two decades and some experts are warning that governments need to start “playing catch up” on building out the necessary infrastructure to accommodate that sort of influx before it is too late.

From CP24 – A housing correction which has already led to four consecutive months of price declines in the previously overheated Greater Toronto Area market could end up becoming “one of the deepest of the past half a century,” a new report from RBC warns.

From toronto.com – The new condo market will likely continue slowing down in the near-term, but prices will hold firm says Urbanation in its latest market report.

From blogTO – Though buying a home in most locales anyone would want to live in within Canada is still painfully expensive — with Toronto being one of the priciest cities in which to purchase real estate in the world — there has been a marked decline in market interest recently, with far fewer sales year-over-year and month-over-month reported in July.

From The Globe and Mail – Toronto city council hikes development charges, adding tens of thousands to cost of new housing units. Toronto is increasing development charges by nearly half, adding tens of thousands of dollars to the costs of building most new homes even as the city suffers a housing affordability crisis.

From The Globe and Mail – The Bank of Canada gave the economy a surprise jolt on Wednesday, raising its benchmark rate by a full percentage point in a sign that it is growing increasingly worried about inflation and is willing to slow economic growth to get consumer prices back under control.