Interesting report today on Bloomberg.https://www.bnnbloomberg.ca/world-s-bubbliest-housing-markets-are-flashing-warning-signs-1.1782289
Jun 22nd, 2022 10:24 am
We are told the increase in the rates will make the housing affordable for the new generation. I do not understand. If , imagine , a $1M house goes to $520K, just for simplicity, with the higher interests, the total payment should be the same. The ...
Jun 15th, 2022 12:59 pm
https://www.cbc.ca/news/canada/toronto/buyers-say-mississauga-developer-deposits-hostage-1.6448837What the heck is going on in this crazy market nowadays ? I can only see pure greed by the developer ....
May 16th, 2022 10:34 am
https://www.cbc.ca/news/canada/toronto/strikes-could-delay-much-needed-housing-projects-next-month-ontario-homebuilders-group-warns-1.6431342 Unfathomable that some of the tools involved in building my house are fighting for more money. I support anyone wanting ...
May 2nd, 2022 7:44 am
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Apr 20th, 2022 1:19 pm
Prices especially outside Toronto are dropping quickly and the expectation is we may return to 2020 peak pricing or lower. How will builders navigate through the challenge of selling homes in a completely different market? Will we see some significant price cuts, delays, cancellations, big time ince...
Apr 15th, 2022 8:47 am
https://www.ctvnews.ca/mobile/politics/federal-budget-to-include-ban-on-foreign-home-buyers-billions-for-housing-1.5850968 Housing affordability is going to be a main feature of tomorrow’s federal budget, CTV News has learned, including moving to make it illegal for foreigners ...
Apr 6th, 2022 4:30 pm
I did a search and didn't see a thread discussing the housing market for Atlantic Canada. Maybe I can start a thread. Looking at investment properties there and things look intriguing. No rent control (or temporary rent control/freezes) in some places ...
Apr 5th, 2022 9:23 pm
https://financialpost.com/real-estate/mortgages/ontario-raises-foreign-homebuyer-tax-to-20-makes-it-province-wide?_gl=1*8slnp2*_ga*MTAyOTY2NTEzMi4xNjQ4NDk2MzI1*_ga_72QH41ZTMR*MTY0ODY0NzM2NS4yLjAuMTY0ODY0NzM2NS4w
Mar 30th, 2022 9:39 am
Very high housing costs are not a new phenomenon, it was also a problem in the early 1970’s. One solution was “zero lot line” homes in the Bramalea section of Brampton. This link gives a very good summary of the pros and cons of ...
Mar 10th, 2022 12:38 pm
B.C.'s housing market is so hot that buyers are being forced to make offers on homes so quickly that they don't get a chance to review documents, get appraisals or schedule inspections. https://www.cbc.ca/news/canada/british-columbia/b-c-housing-crisis-cooling-off-period-1.6367752 ...
Mar 1st, 2022 7:36 pm
https://www.msn.com/en-ca/money/topstories/buyer-fatigue-already-cooling-housing-market/ar-AAUd6Ge?ocid=entnewsntpi dunno...
Feb 23rd, 2022 1:30 pm
https://www.theglobeandmail.com/business/article-government-doesnt-want-to-harm-mom-and-pop-real-estate-investors/LMAOOOOO congratulations to all those who don't own a property. Get ****.
Feb 15th, 2022 11:23 am
This seems to suggest it's not really just a supply side problem if housing units are increasing faster than population https://www.theglobeandmail.com/business/article-census-data-shows-torontos-housing-units-growing-faster-than/ The number of private dwellings ...
Feb 11th, 2022 12:44 am
Some interesting potential recommendations may be coming from this. Though I'm sure the municipalities will lose their minds.https://www.tvo.org/article/can-doug-ford-stomach-the-big-changes-ontarios-housing-task-force-may-ask-for
Jan 20th, 2022 5:30 pm
Okay we have seen 8 years of steady growth in real estate prices but dwindling supply almost YOY in at least a 12 year now. We have seen the real estate market able to correct 25-30% in 2017 due to rate hikes in foreign tax home buying and we saw inventory shoot up. We know that 2/10 people today ar...
Jan 17th, 2022 11:55 am
This is so emotionally draining. Why are townhouses here sold for over a million now. I don't know if we can still afford a house anymore. I love this Waterloo area but this is frustrating. $749,900, Row/Townhouse, 786 PARIS Boulevard, Waterloo, 40196138, Sold - HouseSigma https://housesigma.com/bkv...
Jan 11th, 2022 7:51 pm
There is so little inventory. I know when I was buying, I was outbid and some house were snapped before I got chance to see them. This house I was interested in, originally listed 370k and now $435k. Constructors are also jacking up prices for new starts. Right now on zillow only 3 SFD in all of Cal...
Dec 27th, 2021 7:25 pm
My uncle is looking for some low income housing options in Toronto and GTA. In Toronto the wait times are a good 7-12 years upon applying. Are there any good organizations, places to apply too that most people do not reach out too? Any small ...
Dec 27th, 2021 12:11 am
The other day I was chatting to a landlord of several properties, who believed that they were doing a service to their community by providing housing. I guffawed. Couldn't help it. Am I crazy? Surely the false demand being driven by people looking to lock in 2nd, 3rd, 4th houses would be far ...
Dec 3rd, 2021 12:17 am