Notes

The smart Trick of Soaring house prices stoke fears of Canada 'cost of living crisis' That Nobody is Discussing


<h1 style="clear:both" id="content-section-0">Some Known Incorrect Statements About Toronto councillor pushes for speculation tax - Businesshala<br></h1>
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<p class="p__0">Toronto's hot property market isn't showing any signs of cooling and a brand-new report explains why. As Find More Details On This Page have actually seen from numerous real estate reports, home rates continue to escalate across Canada. Some believe Toronto's bloated housing market is on the edge of popping, but not until home loan rates increase and discourage future foreign realty investments.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://pierrecarapetian.com/wp-content/uploads/2019/01/torontos-2018-real-estate-year-in-review.jpg" alt="Toronto Real Estate Market Update May 2020 - by Jas Takhar - Medium"><span style="display:none" itemprop="caption">A history of Toronto real estate peaks and crashes in charts</span>
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<p class="p__1">"Those hoping for a slow-down in the Toronto area's housing market will need to wait a bit longer all indicators from the past month's information for October 2021 are showing a market that is really warming up instead of cooling off," reads the current Move Smartly report from John Pasalis, president of the genuine estate brokerage Realosophy Realty.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://torealestateagent.com/wp-content/uploads/2020/02/Toronto-average-home-price-jan-2020.png" alt="Toronto real estate market is downright sane compared to this :) : r/ TorontoRealEstate"><span style="display:none" itemprop="caption">Vancouver Housing Plunges While Toronto Real Estate Stabilizes - Point2 News</span>
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<p class="p__2">There are fewer houses on the marketplace. At the end of October, the Toronto area had just 3,687 houses available for sale, a 56 per cent decline from inventory levels in 2015 and well listed below the roughly 12,000 active home listings that are more common for the month of October, the report notes.</p>
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<p class="p__3">But he argues the strong demand today is different from the real estate need last year at this time in the very first year of the pandemic. "This time last year, the strong need was largely driven by a rise in home purchasers getting in the market," he says in the report. "This year, the rise in demand is originating from investors rather than end users." In fact, house sales were down 18 per cent on a year-over-year basis in October, however still above pre-COVID 19 pandemic levels for October in 2018 and 2019.</p>
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<img width="334" src="https://blog.dicksonrealty.com/wp-content/uploads/2019/05/190006728-1.jpg">
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<h1 style="clear:both" id="content-section-1">What Does Toronto Home Sales Hit Record In November As Condo Sales Mean?<br></h1>
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<p class="p__4">Apartment rates are likewise increasing. The average rate for an apartment in October reached $730,726, up 15 percent over in 2015; the mean rate for a condominium in October was $660,000 up 15 percent over last year. Chart through relocation wisely So when will Toronto see a reduction in house costs? While lots of people recommend that an increase in home loan interest rates will lead to a cost drop, Pasalis recommends this is unlikely in the short-term.</p>
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