Market Insights

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.

From Altus Group – The latest results from Altus Group’s Canadian Investment Trends Survey (ITS) for the four benchmark asset classes show that the Overall Capitalization Rate (OCR) rose to 5.04% in Q2 2022 as compared to the previous quarter which was at 4.91%.