Real Estate

Toronto Real Estate prices going up CHMC report says.

  • Last Updated:
  • Oct 27th, 2019 12:43 am
10 replies
Sr. Member
Jul 7, 2019
665 posts
527 upvotes
With the investor flight from Vancouver, Tech company expansion into downtown Toronto, and Canada leading the G7 in population growth rate, I'm surprised this figure is only 5%.
Deal Addict
User avatar
Jul 8, 2010
1406 posts
1098 upvotes
Ontario
ilim wrote: Toronto region housing prices could rise 5 per cent in 2020, CMHC report says

https://www.thestar.com/news/gta/2019/1 ... -says.html
From CMHC report , funny things :

Fact (unless prices will explode in NOV/DEC) :
"The average MLS® price is expected to decline for a second consecutive year in 2019 from the recent high registered in 2017"
Forecast (looking in the crystal ball) :
"However, positive price growth is expected to resume in 2020 and 2021, driving the average price above its 2017 level by the end of the forecast horizon."
Now moving to wish list :
This (price growth in 2020-2021) is expected to reflect household disposable income growth and rates of household formation that will remain supportive of price growth despite moderating from higher rates in recent years.
Everything available at below link.
https://assets.cmhc-schl.gc.ca/sites/cm ... 35edd4f00c

P.S. Rant - who is doing these reports? Why they don't use numbers for the expected rates or unemployment? So that they can be able to make a U-turn anytime?
For example, if interest rates or unemployment were to rise more than expected, heavily indebted households could face greater budgetary constraints, leading to downward pressure on the economy and housing activity.
Deal Addict
Mar 20, 2017
1328 posts
1113 upvotes
It is 5% for 2021 as well.
CMHC is also overoptimistic on new housing starts, hiding the truth in the low-high range of forecast.
They try to make impression that high end of the forecast in 2021 for new homes is same as 2017, but on the low end they clearly show that 2018 and beyond has 10k missed units per year and its not going anywhere even considering governmental help in such starts in affordable housing program.
Without motivated enough investors, new housing starts cant recover to highest levels and rental shortage will grow.
Deal Addict
User avatar
Jul 8, 2010
1406 posts
1098 upvotes
Ontario
MotoCross817 wrote: With the investor flight from Vancouver, Tech company expansion into downtown Toronto, and Canada leading the G7 in population growth rate, I'm surprised this figure is only 5%.
Now I know what was missing on forum, no more daily posts about all these "good news"....
[OP]
Deal Addict
Jan 17, 2006
2177 posts
2288 upvotes
Toronto
Isostar wrote: From CMHC report , funny things :

Fact (unless prices will explode in NOV/DEC) :


Forecast (looking in the crystal ball) :


Now moving to wish list :


Everything available at below link.
https://assets.cmhc-schl.gc.ca/sites/cm ... 35edd4f00c

P.S. Rant - who is doing these reports? Why they don't use numbers for the expected rates or unemployment? So that they can be able to make a U-turn anytime?
Your post as usually does not make much sense if any, but people got used to it, keep trying up.
Deal Addict
User avatar
Jul 8, 2010
1406 posts
1098 upvotes
Ontario
ilim wrote: Your post as usually does not make much sense if any, but people got used to it, keep trying up.
Right, lets put some bombastic words in subject and ignore the facts in article.... Keep it up.
Deal Expert
User avatar
Apr 21, 2004
54640 posts
19442 upvotes
CMHC is going to make a killing on its new profit sharing plan.
Deal Guru
Feb 22, 2011
10317 posts
12835 upvotes
Toronto
alanbrenton wrote: CMHC is going to make a killing on its new profit sharing plan.
Crown corp with a vested interest in the market. They won't let market forces play, they will step in to prop up the market.
Sr. Member
User avatar
Feb 25, 2018
567 posts
213 upvotes
Trudeau is going to flood the GTA with a million people per year. No doubt prices will go up.

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