Two Toronto real estate agents say they are seeing fewer potential buyers attend open houses in the city as the local real estate market cools in the wake of the Ontario government’s new housing.
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12 days ago · According to the Housing Trends and Affordability’ report for June 2019, affordability has improved recently in the country and it’s currently possible for most families to own a home in nine of the 14 markets RBC tracks. However, the dream of owning a home in Toronto still remains “elusive” for most buyers.
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· Luxury real estate sales rise in Toronto, Montreal; fall in Vancouver By The Canadian Press The agency has previously forecast Montreal as an emerging hot stop set to make new records.
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The Toronto market has fared a little better, but Mr. Hogue points out that potential buyers in both Toronto and Vancouver have been reined in by higher interest rates and the mortgage stress test.
Things are looking up for the autumn housing market, with stronger sales and price growth posted throughout the Greater Toronto Area last month. The latest numbers from the Toronto Real Estate Board reveal a total of 7,492 homes sold in October. An increase of 6 per cent, while prices rose 3.5 per cent, to an average of $807,340.
"It looks like the market is starting to return to typical levels after a particularly difficult year," Wilkes says in a statement. The sales tally includes all new homes, including condos, at various stages of development, from pre-construction to completion.
The Toronto Real Estate Board reported that sales of existing homes rose by 3.4 per cent in January from December on a seasonally adjusted basis, he adds. In Vancouver, a market tilted in favour of buyers is exerting downward pressure on prices, he explains, but in Toronto demand and supply are more balanced.
The Greater toronto area housing market has shifted into buyer’s market territory for the first time in eight years, and frustrated shoppers such as Mr. Williamson are now beginning to return from the sidelines, lured by an average 20-per-cent price drop from April’s market peak.
Share this story. Toronto home sales surge 19% as buyers return to market. TORONTO – The Toronto Real Estate Board (TREB) says residential home sales in the Greater toronto area climbed 18.6 per cent higher in July compared to the same month a year ago.
Impac’s shift to non-QM helps to reduce fourth-quarter loss IRVINE, Calif., March 14, 2019 (GLOBE NEWSWIRE) — Impac Mortgage Holdings, Inc. (NYSE American: IMH) (the Company) announces the financial results for the quarter and year ended december 31, 2018.