Mississauga Housing Market A quick look at home prices in Mississauga should raise some homeowner’s eyebrows. It would appear a trend away from Mississauga is underway. This might be a reflection of the slowdown in the Ontario economy, particularly manufacturing where Mississauga is so strong. In July, however the slowdown appeared to be significant. It’s…
Toronto Housing Market Report — July What’s happening in the Toronto housing market? Sales are up, listings are up, mortgage rates are down, and there’s a slight relief for buyers with some lower home prices in some areas of the GTA. The GTA remains a treacherous sales environment for buyers and sellers, but mostly for…
Why do Prices Rise? Stock market volatility is by no means over, as we enter the end of the imposed economic shutdown. The events of Black Friday help us see clearly what the threats and sell off signals are. It really brings home the potential for a significant sell off and this might prime us for…
Where is Canada’s Economy Headed? A new report on Canadian GDP has more people taking a closer look at the Canadian economy and perhaps reconsidering how they’ll vote in this coming snap Federal election. StatsCan says Canada’s GDP shrank 1.1% in the 2nd quarter of 2021 and has dropped by .4% in July. According to…
Canadian Real Estate Market Forecast Just like the US housing market, the real estate market in Canada showed remarkable strength in 2020. The Canadian benchmark price increased 8.5% last year, almost five times the rate of 1.8% in 2019. And forecasts for 2021 reflect a continued trend of high prices driven by low mortgage rates,…
Is Canadian Real Estate in for a Big Price Drop? Even in the wake of the deadliest health epidemic of the last century, the Toronto housing market and Vancouver housing market did not crash. And if China had not released its deadly disease, the housing markets would have been roaring right now. It’s like science…
Foreign Buyers Not Driving Up Prices in Toronto A Toronto Real Estate Board investigation concluded that foreign buyers play a minimal role in Toronto house prices and availability. 3 key findings counter the Wynne government’s insistence that Foreign buyers and house flippers are ruining the housing market. The report may indicate how government officials haven’t been honest to the…
How to Avert a Toronto Housing Market Crash? Toronto’s real estate market overheated in 2017 due to housing availability problems but what resulted in 2018/2019 was not a crash. The Toronto market is resilient. Why is an impending Toronto housing crash a disaster for us? The economy may crash creating unemployment and mortgage defaults, scare…
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Canadian Real Estate Buyers Guide! Buy or sell when the market is moving. With the Tax Cuts and Jobs Bill, the US economy is surging. Tax cuts mean Americans will have more money, yet the US real estate market isn’t as attractive anymore. US real estate prices may fall while the US dollar is falling…
The Canadian Economic Forecast The International Monetary Fund says Canada is the leading G7 Country How odd is it in 2018, that a country on the verge of trade wars, real estate collapse in its major cities, flat wage growth, mediocre job growth, merciless consumer debt, and a sagging national housing market would be cited…
Foreign Buyer Tax Didn’t Help Housing Crisis As Ontario Premier Kathleen Wynne announced the new Foreign Buyers Tax in Toronto, she ignored recent stats that showed Vancouver’s use of the money grabbing tax was wearing off. Doug Ford has just picked up the old torch and kept carrying it. Any kind of tax can hurt…