Category Archives: Market News

Why the housing market won’t crash in 2013

The 12-month change in the Teranet-National Bank House Price Index has decelerated in recent months to 3.4 per cent, led by declines in Vancouver (-1.4 per cent) and Victoria (-1.7 per cent). Some people interpret this weakness as a sign that a housing crash has started – see, for example, the Canadian Business article “Canada’s […]

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Condos take the biggest hit as home sales drop in the GTA

Home sales continue to slide and prices soften, especially in the 416 region, according to the Toronto Real Estate Board, which recorded a 16 per cent decline in sales compared with November, 2011. Condos took the biggest hit with resale transactions down 25.5 per cent across the GTA and prices down an average of 2.3 […]

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Stricter mortgage rules hit new home sales and builders in Toronto

Toronto builders say tougher mortgage restrictions from the federal government are eating into new home sales and gutting consumer confidence. The Building Industry and Land Development Association says greater Toronto area sales through the first 10 months of the year are 14% below the long-term average. It now looks like 2012 will be the third […]

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