Author: inboks
Greater Toronto’s new home market took another hit as weak demand met falling-but-still-lofty prices. BILD GTA and Altus Group data show prices slipped in October—but not enough to draw buyers off the sidelines. Sales fell to a… Read more at betterdwelling.com
Greater Toronto real estate reversed any sign of firming last year, as sellers continue to flood the market. Toronto Regional Real Estate Board (TRREB) prices made a sharp drop in November, correcting over 25% since peaking. Despite… Read more at betterdwelling.com
New home sales across the Greater Toronto Area (GTA) went into a deep freeze ahead of winter. Greater Toronto new home prices slipped even further in November, according to data from Altus Group and BILD GTA. The decline was driven by… Read more at betterdwelling.com
Soaring mortgage costs are rapidly cooling the frothy American real estate market. Mortgage applications and pending home sales cratered, show leading indicators released this week. Demand is being throttled by rising mortgage rates,… Read more at betterdwelling.com
Greater Toronto real estate woes continue with no end in sight. December saw new home prices fall further, shedding up to 25% from peak according to BILD GTA data. Unfortunately, even with the drop, the market remains far from reach… Read more at betterdwelling.com
The US central bank is desperately trying to signal things are under control, despite letting inflation slip. The Federal Open Market Committee (FOMC) voted to make the largest rate hike in over 20 years. They won’t stop… Read more at betterdwelling.com
Canada’s largest real estate market runs on speculation, not housing demand. That’s the core message from the Bank of Canada’s (BoC) latest report, outlining the mechanics of a Ponzi scheme, without dropping the P-bomb. They warn… Read more at betterdwelling.com
Greater Vancouver real estate prices barely corrected, but they’re already back to climbing. Real Estate Board of Greater Vancouver (REBGV) data shows the price of a composite benchmark home climbed in March. It was actually a huge… Read more at betterdwelling.com
US real estate is slowing down and it’s taking new home building activity with it. US Census Bureau data shows housing starts fell in April, as did building permits. Activity remains elevated compared to before 2020, but high rates… Read more at betterdwelling.com
By Sammy Hudes Mortgage rates have fallen and house prices in the Greater Toronto Area have been on the decline, but for now, a major drought in the condo market is keeping many of those owners from taking… Read more at www.canadianmortgagetrends.com