Market Insights
GTA Condo Rentals Priced 50% Higher Than Purpose-Built Units in 2022
From Storeys Real Estate News – Condominium vacancy in the Greater Toronto Area (GTA) slipped to 1.1% in 2022, according to a report released Thursday by the Canada Mortgage and Housing Corporation (CMHC).
Toronto Real Estate Is The World’s Largest Bubble & It’s Officially “Crashing”
From Better Dwelling – The world’s largest real estate bubble is officially “crashing.” Toronto Regional Real Estate Board (TRREB) data shows composite home prices fell in December.
Why those waiting for a return to normal in commercial real estate will get left behind
From Financial Post – Invanhoé Cambridge CEO Nathalie Palladitcheff says adaptation is key to success in 2023.
Foreign home buyers officially banned from purchasing real estate in Canada
From blogTO – Starting today, foreign commercial enterprises and people will be banned from purchasing residential properties in Canada for two years.
This Ontario city’s homes cost half the Toronto average but nobody is buying them
From blogTO – Despite a decline in listing prices and properties selling below asking en masse, Toronto is still by no means a cheap place to call home.
Bank of Canada raises rate again to 4.25% — but opens door to staying there
From CBC – Central bank has raised policy rate 7 times this year in battle against inflation