The Real Cost of High Home Prices

The reviews are in and according to the big banks and many in the real estate industry, Toronto has achieved the much sought-after soft landing in the housing market. Thanks to the regulatory efforts and foreign buyer taxes the market recovered without needing to go through a (massive) correction. If this is true, then the … Continue reading The Real Cost of High Home Prices

Vancouver/Toronto Comparison: Summer Update

Last fall we began to report on the similarities between the detached housing markets of Toronto and Vancouver, in particular how Toronto seemed to follow Vancouver’s price movements. Throughout the fall and winter Toronto stayed on this trajectory; however, as Vancouver’s struggles continued in the spring and Toronto’s market remained strong, the relationship weakened. This … Continue reading Vancouver/Toronto Comparison: Summer Update

New Home Sales: Condo Prices Drop

The new home sales data from April showed condo sales vault back to life but at the expense of their prices. Meanwhile, single family home sales continued to improve over last year’s poor results, with even prices improving month to month for the first time since November, though they remain down from last year. Source: … Continue reading New Home Sales: Condo Prices Drop