Monthly Archives: August 2012

Toronto housing market softening

Canada’s three largest housing markets have undergone “considerable softening” just since May, largely thanks to the condo boom, according to the Teranet-National Bank House Price Index for July. Toronto resale home prices are still gaining ground, but at less than half the 9.2 per cent year over year gain they racked up in July, says […]

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Condo prices set to rise in 2013 as demand continues to grow

A new condo report suggests first-time buyers, retirees and population growth will continue to fuel demand and price growth for the compact living spaces over the next few years. The study by Genworth Canada found that average condo resale prices are expected to rise next year in seven of the eight metropolitan centres studied. Prices […]

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To avoid home-buyers’ regret, do your homework

Please give me a call if you don’t want to have the same regret.   With Canadians entering the housing market in greater numbers than ever before, it wouldn’t be surprising to find that many suffer buyers’ regrets. But a recent survey commissioned by TD Canada Trust suggests the most common regrets for first-time home […]

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Home prices expect to fall by 10% in the next 3 yrs

Scotiabank suggests that home prices in Canada will fall by 10% in the next three years. Canada’s home ownership level has hit a record 70%, which the economist said is likely a peak, due to an aging population, as well as younger entrants to the market. Click here for full report

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