Author: inboks
Ontario real estate developers are raising prices despite facing some of the weakest demand on record. The reason? The Government of Ontario’s expanded Harmonized Sales Tax (HST) relief. The thinly veiled bailout is already… Read more at betterdwelling.com
By Jordan Omstead The new changes would roll back municipal enhanced development standards that require developers to improve park access, add tree canopy, install electric vehicle-ready parking spots,… Read more at www.canadianmortgagetrends.com
By Ari Altstedter (Bloomberg) — Home prices in Toronto fell to their lowest level in more than five years as an outlook for slow economic growth and broader global turmoil make prospective buyers… Read more at www.canadianmortgagetrends.com
Vancouver home prices demonstrated resilience against rising rates, and they may be doing the same with weakening demand. Greater Vancouver Realtors (GVREB) data shows prices rose in March, a first in a very long time for the region…. Read more at betterdwelling.com
Home sales in Metro Vancouver edged lower in March compared with a year ago, with prices also down annually as market activity remains subdued. The Greater Vancouver Realtors reported 2,032 residential… Read more at www.canadianmortgagetrends.com
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